Drastic drop in Thai gold prices today following recent surge
Gold prices in Thailand have plummeted drastically today following a continuous surge, according to the Gold Traders Association. The price of gold ornaments fell by 250 baht compared to the last price yesterday, selling at 34,450 baht per baht-weight.
The buying price of gold bars in the country stands at 33,850 baht per baht-weight and the selling price is 33,950 baht per baht-weight, according to the sixth announcement of the day. Meanwhile, the purchase price for 96.5% gold ornaments is 33,245.88 baht per baht-weight, selling at 34,450 baht per baht-weight. The global gold spot price is at US$2,034.50 per ounce.
To summarize the gold prices today, the buying price for gold bars is at 33,850 baht per baht-weight, selling at 33,950 baht per baht-weight. The purchase price for gold ornaments is 33,245.88 baht per baht-weight, selling at 34,450 baht per baht-weight.
In the fifth announcement, gold bars were bought at 33,900 baht per baht weight and sold at 34,000 baht per baht weight. Gold ornaments were bought at 33,291.36 baht per baht-weight and sold at 34,500 baht per baht-weight.
In the fourth announcement, the buying price for gold bars was 33,850 baht per baht-weight, selling at 33,950 baht per baht-weight. Gold ornaments were bought at 33,245.88 baht per baht-weight, selling at 34,450 baht per baht-weight.
In the third announcement, gold bars were bought at 33,900 baht per baht-weight and sold at 34,000 baht per baht-weight. Gold ornaments were bought at 33,291.36 baht per baht-weight and sold at 34,500 baht per baht-weight.
In the second announcement, the buying price for gold bars was 33,950 baht per baht-weight, selling at 34,050 baht per baht-weight. Gold ornaments were bought at 33,336.84 baht per baht-weight and sold at 34,550 baht per baht-weight.
In the first announcement, gold bars were bought at 33,900 baht per baht-weight and sold at 34,000 baht per baht-weight. Gold ornaments were bought at 33,291.36 baht per baht-weight and sold at 34,500 baht per baht-weight. The substantial drop in gold prices has taken the market by surprise, as it comes on the heels of a significant surge, reported KhaoSod.
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