The Gold Traders Association (GTA) today announced the Thai gold market’s opening prices, which remained steady compared to yesterday’s close. Ornamental gold was quoted at 34,700 baht per baht weight today.
According to the GTA’s morning update, the price of gold bars, which contain 96.5% pure gold, was set at a buying rate of 34,100 baht per baht weight and a selling rate of 34,200 baht.
In detail, the purchase price for ornamental gold, which also holds 96.5% purity, was listed at 33,488.44 baht per baht weight. Sellers, meanwhile, were asking for 34,700 baht for the same. This price stability is notable in light of movements in the global market, where the Gold Spot price stood at US$2,035.00 per ounce.
Gold, a precious metal that has long been a benchmark for wealth and economic stability, often sees its value influenced by various global factors including economic…
