Thai gold prices surge, reach new high at 35,750 baht per baht

Gold prices in Thailand saw a continuous surge today, prompting those interested in trading the precious metal to act swiftly. The Gold Traders Association (GTA) reported a significant increase compared to yesterday’s closing rates, with the selling price of gold ornaments per baht weight reaching 35,750 baht today marking a 50 baht increase from the previous day.

The domestic market offered a buying price for gold bars at 35,150 baht per baht weight and a selling price of 35,250 baht. For gold ornaments, consisting of 96.5% pure gold, the buying rate stood at 34,519.32 baht while the selling rate was pegged at 35,750 baht. Meanwhile, the global gold prices, also known as Gold Spot, were quoted at US$2,080.50

The early morning update from the GTA website at 9.03am indicated the first announcement of gold prices for the day, starting a buzz among gold traders and investors. The…