Golden days: Dazzling rise in gold prices spark trading frenzy
In a sparkling turn of events, gold prices have shot up, leaving traders feverishly clasping their hands with glee.
Today, February 4 marked a golden morning as the Gold Traders Association (GTA) announced a substantial hike of 250 baht compared to yesterday’s rates, setting the trading floors abuzz with anticipation.
As the clock struck 9.05 am, the shimmering reality set in: gold jewellery was now priced at a glittering 45,700 baht per baht-weight. This surge has buyers and sellers adjusting their strategies and wallets to accommodate the precious metal’s newfound worth.
Digging into the details, the GTA revealed the day’s gleaming figures. For those eyeing sleek gold bars sporting 96.5% purity, the buying price stands at a cool 45,100 baht per baht-weight, while sellers are cashing in at 45,200 baht.
On the jewellery front, dealers are snapping up these ornate pieces at 44,282.36 baht per baht-weight, and the selling price dazzles at 45,700 baht per baht-weight.
This upswing is reflected on the global stage as well, with the price of gold, better known as the Gold Spot, currently gleaming at US$2,823.50 per ounce, translating to approximately 96,000 baht. These figures come hot from the GTA’s first announcement of the day, painting an alluring picture for investors worldwide.
Yesterday, the GTA reported gold prices were soaring yet again. The glittering metal surpassed a staggering 45,000 baht. Gold jewellery was selling at a dazzling 45,250 baht per baht weight, reflecting a 150 baht increase in just 24 hours.
The drama unfolded at 9.07am with the GTA’s first announcement of the day. Gold bars were trading hands with purchase rates at 44,650 baht per baht weight and selling at 44,750 baht.
With gold prices reaching for the skies, the market is set for a buzz of activity, driven by the glittering appeal of this timeless commodity.
As traders eagerly eye the fluctuating charts, the question lingers: is the gold rush making a grand comeback, or is this just a fleeting glimpse of sparkle on the horizon?
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