Surge in gold prices today as announced by Gold Traders Association

Picture courtesy of Jingming Pan, Unsplash

The Gold Traders Association (GTA) announced a surge in gold prices today, after a significant drop. As of today, December 7, the gold bullion was sold for 34,300 baht per baht, showing a 100 baht increase compared to the closing price yesterday.

According to the GTA’s website, as of 9.04am local time, the selling rate for 96.5% gold bar was 33,800 baht per baht, and the buying rate was 33,700 baht. Meanwhile, the selling price for 96.5% gold ornaments was at 34,300 baht per baht, and the buying price was 33,094.28 baht.

On the international market, the Gold Spot price stood at 2,027.00 US dollars per ounce.

To summarise, today, the first announcement for the gold bar’s buying price was 33,700 baht per baht, and the selling price was 33,800 baht. For gold ornaments, the buying price was 33,094.28 baht per baht,…