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Monday, April 29, 2024

Thai gold prices dip slightly, investors on alert

Gold prices in Thailand saw a slight dip today, prompting investors and enthusiasts to make quick decisions. According to the latest data released by the Gold Traders Association (GTA), the price of gold ornaments dropped by 50 baht compared to the previous day, now selling at 34,800 baht per baht-weight (a traditional Thai unit of measurement for gold).

The association’s first announcement today listed the buying price for gold bars at 34,200 baht per baht-weight and the selling price at 34,300 baht. For gold ornaments, the buying price was set at 33,579.40 baht, maintaining the selling price of 34,800 baht. The global gold price, or Gold Spot, was recorded at US$2,037.50 per ounce.

The first price announcement today detailed the following rates: for gold bars, the buying price was 34,200 baht and the selling price was 34,300 baht. For gold ornaments, the buying price stood at…

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