Thai gold prices dip: Gold Traders Association confirms morning fall

The Gold Traders Association (GTA) announced a decline in gold prices on this morning, with standard gold selling for 33,400 baht per baht weight, reflecting a decrease of 100 baht compared to the closing price last Friday. The latest value of gold bars in Thailand today, October 16, is 32,800 baht per baht weight for buying and 32,900 baht for selling, according to the second announcement of the day.

The GTA also provided information on gold jewellery, with a buying price of 32,215 baht per baht weight and a selling price of 33,400 baht per baht weight for 96.5% gold jewellery, as of 9.54am today. Meanwhile, the global gold price, or Gold Spot, stood at US$1,919 (69,830 baht) per ounce.

In the first announcement of the day, the buying and selling prices for gold bars were 32,850 baht and 32,950 baht per baht weight respectively. The buying and…