Gold prices dropped 50 baht to 19,950.00 baht per baht-weight in Bangkok on Wednesday.

The Gold Traders Association announced the buying price at 19,850.00 baht and the selling price at 19,950.00 baht per baht-weight for bullion.

For ornaments, the buying and selling prices were 19,495.76 baht and 20,450.00 baht per baht-weight respectively.

On Tuesday the buying and selling prices closed at 19,900.00 baht and 20,000.00 baht per baht-weight for gold bar and 19,541.24 baht and 20,500.00 baht per baht-weight for gold ornaments.

The prices were adjusted twice on Tuesday, down 50 baht from the previous day.