33 C
Bangkok
Tuesday, April 30, 2024

Gold prices in Thailand surge to historic 42,050 baht high

Picture courtesy of Jingming Pan, Unsplash

Gold prices reached a new high today, with the Gold Traders Association reporting a significant increase to 42,050 baht per baht-weight, marking a historic surge. In a remarkable shift, gold ornament prices soared by 600 baht compared to the previous day’s closing figures.

The Gold Traders Association website showed that as of 9.02am, domestic gold bars were purchased at 41,450 baht per baht-weight and sold at 41,550 baht. This initial announcement set the tone for the trading day, indicating a robust start for gold transactions.

In terms of gold ornaments, which consist of 96.5% gold, the buying price was set at 40,704.60 baht per baht-weight, with a selling price of 42,050 baht. The spot gold price on the global market stood at 2,384.00 US dollars per ounce. This jump in gold prices follows an upward trend from the close of business

Read more…

Latest Articles