Significant rise in Thai gold prices: ornaments now at 33,500 baht per baht weight

Picture courtesy of Jingming Pan, Unsplash

The Gold Traders Association (GTA) announced this morning a significant increase in gold prices compared to the previous day. The increase was reported to be 550 baht (US$15), with the price of gold ornaments set at 33,500 baht per baht weight. This is a marked jump from yesterday’s closing price of 32,305.96 baht per baht weight.

The report released today also revealed the buy and sell rates for gold bars in the local market. The buying rate stood firm at 32,900 baht per baht weight, while the selling rate was slightly higher at 33,000 baht. These figures were as per the GTA’s first announcement of the day.

Similarly, the buy and sell rates for gold ornaments varied. Gold ornaments were bought at 32,305.96 baht per baht weight but sold at a higher rate of 33,500 baht. The global gold price, or Gold Spot, was…