Gold prices in Thailand saw a decline at the opening of the market, comparing the last price from January 29. The Gold Traders Association (GTA) reported the selling rate for gold ornaments at 34,550 baht per baht-weight (a traditional Thai unit of measurement for gold, equating to 15.16 grammes) for today, marking a decrease of 100 baht from the previous day’s closing rate.
Investors and consumers witnessed a dip in the cost of gold as the GTA updated its figures at 9.06am. Gold bars, 96.5% purity, were bought at 33,950 baht and sold at 34,050 baht per baht-weight. The buying rate for gold ornaments of the same purity stood at 33,336.84 baht, with the selling price reaching 34,550 baht. In the international market, gold spot prices were quoted at US$2,031.00 per ounce.
The detailed morning announcement for today indicated the purchase price for gold bars was 33,950 baht per baht…
