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Bangkok Post
Bangkok Post
Business

Gold volatility deters buyers, says Khon Kaen shop owner

Gold prices in Thai shops have fallen by 12.5% since May 1. (Bangkok Post file photo.)

KHON KAEN - Weeks of volatility in gold prices because of the conflict in the Middle East have taken a toll on activity at gold shops in this northeastern province, says a local proprietor.

Global and local gold prices have fallen by more than 12% since May 1, and are down nearly 25% from the all-time highs reached in late January, a month before the US-Israeli strikes on Iran.

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