Gold shops in Yaowarat to close for two days

Gold shops in China town of Yaowarat will suspend their business until Wednesday due to changing of world gold prices, Jitti Tangsitpakdi, president of Gold Traders' Association of Thailand, said Monday. This is the first time that the gold shops closed their business during the Chinese New Year Festival, Jitti said. People usually bought gold ornaments during the festival.

"The world gold prices have been changing several times in a day. Our shops have to change the prices many times. So we decide to stop selling gold items on Monday and Tuesday," he said.

Gold markets in Asian....