Gold prices dropped 50 baht to 19,650.00 baht per baht-weight in Bangkok on Thursday.

The Gold Traders Association announced the buying price at 19,550.00 baht and the selling price at 19,650.00 baht per baht-weight for bullion.

For ornaments, the buying and selling prices were 19,192.56 baht and 20,150.00 baht per baht-weight respectively.

On Wednesday the buying and selling prices closed at 19,600.00 baht and 19,700.00 baht per baht-weight for gold bars and 19,253.20 baht and 20,200.00 baht per baht-weight for gold ornaments.

The prices were adjusted once on Wednesday, down 150 baht from the previous day.