Golden chance: Prices drop, time to cash in on your bling dreams

The Gold Traders Association announced a dip in today’s gold prices, offering a glittering opportunity for buyers. As of 9.05am, today, November 11, gold ornaments are selling at 43,900 baht per baht, showing a 100 baht decrease from yesterday’s figures.

For those eyeing pure gold bars at 96.5% purity, today’s prices reveal a buying rate of 43,300 baht per baht and a selling rate of 43,400 baht per baht. Meanwhile, those interested in 96.5% gold jewellery can purchase at 42,523.80 baht per baht, with a selling price fixed at 43,900 baht, KhaoSod reported.

On the global stage, the Gold Spot price stands at US$2,673.50 per ounce, reflecting the international market trends.

Today’s Gold Rates:

Gold Bars:

• Buy: 43,300 baht per baht
• Sell: 43,400 baht per baht

Gold Ornaments:

• Buy: 42,523.8 baht per baht
• Sell: 43,900 baht per baht

With prices fluctuating, now might be the perfect time to make a move and invest in gold. Stay informed and act swiftly while the market is shining in your favour.

Meanwhile, Bitcoin surged past US$81,000 (2.78 million baht) today, November 11, hitting a record high, following Donald Trump’s win in the US presidential election. The victory, alongside the election of pro-crypto candidates to Congress, has fuelled speculation about a more lenient regulatory landscape for cryptocurrencies.

The digital currency has experienced a remarkable rise, more than doubling from its lowest point of US$38,505 on January 23. During Asian trading hours, Bitcoin reached US$80,829, having earlier peaked at US$81,464.

Ethereum, a smaller cryptocurrency, also saw gains, surpassing US$3,200 for the first time in over three months. It was last recorded at US$3,192.

The cryptocurrency sector invested upwards of US$119 million to support pro-crypto candidates in the US congressional races. The aim was to secure lawmakers who might advance crypto-friendly legislation, thereby fostering a favourable environment for digital assets.

This strategy paid off last week, with a significant number of these candidates securing their positions. The result is a Congress potentially inclined to advocate for cryptocurrency interests.