Gold ornament prices soar to 41,900 baht in Thailand

Picture courtesy of KhaoSod

Gold prices in Thailand witnessed a notable increase, as reported by the Gold Traders Association (GTA) today. The cost of gold ornaments surged to 41,900 baht, marking a significant rise from the previous day’s closing figures.

The GTA, the authoritative body on gold pricing in Thailand, announced an uptick of 200 baht in the price of gold ornaments compared to the closing rates yesterday, April 16. This surge reflects the continuing fluctuations in the gold market, capturing the attention of investors and the general public alike.

As of 9.03am today, the latest data from the GTA indicated that the selling price for gold ornaments was fixed at 41,900 baht. In terms of gold bars with a purity of 96.5%, the buying price was listed at 41,300 baht per baht-weight, with the selling price marginally higher at 41,400 baht, as per the first announcement of the day.

This development follows a trend of robust growth in the gold market, with prices reaching new heights never seen before.

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The buying price for gold ornaments of 96.5% purity was quoted at 40,553.00 baht per baht-weight, while the selling price was pegged at 41,900 baht. Meanwhile, the international gold market, often referred to as Gold Spot, was trading at 2,384.50 US dollars per ounce, underscoring the global influence on local gold prices.

The gold prices announced today, April 17, at the outset of the trading day, gold bars were being bought at 41,300 baht and sold at 41,400 baht per baht-weight. In contrast, gold ornaments were drawing a buying price of 40,553 baht and a selling price of 41,900 baht per baht-weight, reported KhaoSod.

In related news, gold prices reached a new high yesterday, with the GTA reporting a significant increase to 42,050 baht per baht weight, marking a historic surge. In a remarkable shift, gold ornament prices soared by 600 baht compared to April 15’s closing figures.

Economy NewsThailand News

Nattapong Westwood

Nattapong Westwood is a Bangkok-born writer who is half Thai and half Aussie. He studied in an international school in Bangkok and then pursued journalism studies in Melbourne. Nattapong began his career as a freelance writer before joining Thaiger. His passion for news writing fuels his dedication to the craft, as he consistently strives to deliver engaging content to his audience.

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