Search Results for: gold
- Business News
Vietnam considers ceasing decade long gold import ban
Vietnam may soon allow companies to import gold for the first time in over a decade. Aiming to bridge the gap between local prices and international benchmarks, this development comes as the Vietnam Gold Traders Association (VGTA) continues its extended discussions with the government to address the supply and demand imbalance for gold. Huynh Trung Khanh, vice chair of VGTA,…
- Business News
Gold prices rise with ornaments at 40,750 baht per weight
Gold prices surged today as the Gold Traders Association GTA) announced an increase, with gold ornaments selling at 40,750 baht per baht weight compared to yesterday’s rates. This change was recorded at 9.03am, today, June 12, showing a 100 baht rise from the previous day. Gold bar prices in the domestic market were set at 40,150 baht per baht weight…
- Guides
The top strategies and tips for successful gold trading
Are you thinking about trading gold and entering the realm of online CFD trading? This yellow metal is so important that it has earned a reputation as the ultimate symbol of wealth. And for investors, it has long been considered a valuable asset due to its stability and perceived value in times of economic uncertainty. While trading gold derivatives can…
- Business News
Gold prices expected to rise amid Federal Reserve rate cuts
YLG Bullion International advises investors to accumulate gold as prices consolidate, with expectations of a rise in the medium to long term, particularly after anticipated interest rate cuts by the Federal Reserve later this year. Global gold prices have increased by 13.2% this year as of today, driven by high demand from central banks and institutional investors amidst tightening supply,…
- Thailand News
Nervous thief’s gold heist foiled at Ratchaburi department store
A young man attempted a solo gold heist at a prominent department store in Ratchaburi, but his nerves got the better of him. He escaped with a single gold necklace, only to be caught later. Police Lieutenant Pramarn Plathong, an investigator at Mueang Ratchaburi Police Station, received a report at 6pm yesterday about a robbery at a gold shop in…
- Thailand News
Golden pumpkin vine in Phayao draws villagers seeking luck
A unique golden-hued pumpkin vine has captured the attention of villagers in Phayao, prompting them to seek luck and fortune. The vine, located in the vegetable garden of Amphorn Chaithong’s home, has drawn a crowd eager to witness and worship the unusual plant. The golden pumpkin vine, planted near the fence of Amphorn Chaithong’s residence in Cham Pa Wai, Mueang…
- World News
Record meth seizures in Southeast Asia’s Golden Triangle
In a recent report released yesterday, the United Nations Office on Drugs and Crime (UNODC) disclosed that East and Southeast Asia are currently grappling with an unprecedented influx of methamphetamine and other synthetic drugs. This surge is largely sourced from the Golden Triangle, an area where the borders of Thailand, Myanmar, and Laos converge. Historically recognised for opium cultivation and…
- Thailand News
Heartbroken Thai man discovers girlfriend’s true nature as gold thief
A Thai man was heartbroken to discover that his girlfriend of six years was a thief, stealing gold accessories and bars from him worth over 2 million baht. The Thai man, 33 year old Anupong, filed a complaint against his girlfriend at Prachachuen Police Station after the woman revealed her true nature three months after moving into his Bangkok home.…
- Thailand News
Gold stealing Taxi driver arrested for 2 million baht haul
In a swift operation, police detained a taxi driver who was reportedly found in possession of gold worth 1.9 million baht. This follows a gold shop employee’s reports of losing over 40 baht of gold while en route to deliver the valuables to her place of employment in Yaowarat. Chaiyaporn, the gold shop owner, initially offered a 100,000 baht reward…
- Thailand News
Buriram village builds shrine for Golden Boy replica
The local municipality and residents are actively constructing a replica shrine and lifelike statue of the Golden Boy at the excavation site, using funds raised through faith and donations. A grand ceremony is planned for July 18 to honour the artefact. Following the repatriation of the bronze sculptures of Lord Shiva, known as the Golden Boy, and the Kneeling Female…
- Business News
Gold trading in the era of financial regulatory changes
The gold market has undergone significant changes in recent years due to evolving financial regulations across the globe. With increased oversight and restrictions, gold traders have had to adapt to this new environment. This article explores how gold trading has been impacted by financial regulatory changes and what traders need to know going forward. Increased Capital Requirements One of the…
- Thailand News
Thai courier claims to lose 2 million baht in gold on Bangkok road
A Thai courier filed a complaint with the police, claiming she lost 2 million baht in gold on the Borommaratchachonnani Road in Bangkok while delivering the valuables to a gold shop she worked for. The 58 year old woman named Pailin Kaewphet filed a complaint at Bang Yi Khan Police Station yesterday, May 23, stating that she lost gold necklaces…
- Thailand News
Returned Golden Boy statue unveiled at National Museum Bangkok
Eager crowds gathered at the National Museum Bangkok yesterday to witness the unveiling of the recently repatriated Golden Boy statue, a 900 year old artefact smuggled out of Thailand in 1975 by the infamous art dealer Douglas Latchford. The Golden Boy, along with a bronze statue of a kneeling lady, was returned to Thailand from the Metropolitan Museum of Art…
- Thailand News
Ladyboy duo nabbed for stealing gold necklace from Indian tourist
Police arrested two Thai ladyboy thieves for gold necklace theft in Pattaya after one of them was caught pretending to hug an Indian tourist and stealing his necklace worth about 60,000 baht. The 50 year old victim, Subhash Petloj, reported the incident, which occurred around 10.50pm on May 9 to Mueang Pattaya Police Station. Petloj explained that he was relaxing…
- Thailand News
Thai gold prices climb slightly to 41,500 baht per baht-weight
Gold prices in Thailand saw an uptick today, as reported by the Gold Traders Association (GTA), marking a slight increase from yesterday’s stagnant figures. As of today, May 16, the price of gold ornament per baht-weight was listed at 41,500 baht, reflecting a 50 baht rise from the closing price on May 15. The latest update from the GTA, published…
- Business News
Golden stability: Prices hold firm above US$2,300 despite brief dip
With a steady hold above US$2,300 during the early days of May, gold prices remained relatively unchanged, following a brief dip to the lowest level since the start of April. The first half of this year is anticipated to experience intense volatility in prices owing to factors such as the US economic health, global interest rate fluctuations, and the Middle…
- Business News
Predicted surge in global gold prices to US$2,500 per ounce
Global gold prices are set to touch US$2,500 per ounce in the latter half of this year, as per predictions by local gold traders, despite a recent slump below US$2,300. The market has scaled down its expectations for US interest rate cuts this year to a maximum of two times, a reduction from the previously anticipated three to four times.…
- Thailand News
Gold ornament prices leap to 41,200 baht in surprise surge
Gold prices soared unexpectedly, prompting swift action from interested buyers, as the latest figures from the Gold Traders Association (GTA) showed a significant jump. Today, gold ornaments’ selling price broke through to 41,200 baht per baht-weight, an increase of 350 baht from the previous day’s closing price. The surge in gold prices is not just an isolated economic event but…
- Thailand News
Laotian man loses gold necklaces while sleeping drunk in Pattaya (video)
A Laotian man is seeking public help after losing two gold necklaces worth about 80,000 baht while sleeping off the after-effects of drunkenness on a footpath in Pattaya. The 37 year old Laotian man urged Channel 3 to share his story to seek a clue leading to the apprehension of the gold necklace thief. The man also issued a warning to…
- Crime News
Laotian tourist’s 80,000 baht gold necklace stolen in Pattaya
Emerging from the nocturnal charm of Pattaya, an intriguing tale of a Laotian tourist and a vanished 80,000 baht (US$2,150) gold necklace has surfaced. The unfortunate incident unfolded early this morning, May 1, along the bustling Sukhumvit Road in the Nongprue sub-district, Banglamung district, Chon Buri province. The victim, Detnakhon Inthakoummane, a 37 year old Laotian national, recounted his ordeal…
- Thailand News
Gold prices in Thailand soar, buyers urged to stay updated
Gold prices in Thailand saw a rapid increase, urging interested buyers to check the latest updates. Today, April 26, the price for gold ornaments surged to 41,350 baht, marking a 100 baht rise from the previous day’s close as reported by the Gold Traders Association (GTA) at 9.04am. The global gold spot price hovers around US$2,333 (86,379 baht) per ounce,…
- Thailand News
Thai gold shop owner saves parents hundreds on student uniforms
A gold shop owner in Roi Et province has become a local hero by offering a unique solution to parents struggling with the cost of student uniforms. Wimol Archasantisuk, the brains behind this heartening initiative, turned heads with his generosity. Wimol, the compassionate owner, embarked on a mission to ease the financial burden on parents gearing up for the new…
- Thailand News
Japan’s hotspots for Golden Week getaways
As Japan gears up for its Golden Week, holidaymakers hunt for the perfect getaway destination. The latest data from travel giant Agoda unveils an intriguing trend: Thailand is stealing the spotlight. Amidst the anticipation for Golden Week, which stretches from April 29 to May 6 this year, Japanese wanderlusts are setting their sights on Thailand like never before, making it…
- Thailand News
Tattoo artist stumped by gold necklace left at studio (video)
A tattoo artist was left in a state of shock when a customer forgot a large gold necklace at his studio and then became unreachable. This incident, which occurred yesterday, April 20, was shared on TikTok by the username @armanucha1, who found themselves in a perplexing situation with no clear course of action after discovering the valuable item left behind.…
- Guides
Advanced guide to gold trading and hedging strategies for Thai investors
In the dynamic world of financial investments, trading in gold remains a cornerstone for those looking to diversify and stabilize their portfolios. Particularly for the Thai investor, with the nation’s deep cultural affinity for gold and its strategic geographical and economic position in Southeast Asia, understanding advanced gold trading techniques is paramount. This guide delves into sophisticated hedging strategies that…
- Economy News
Gold ornament prices soar to 41,900 baht in Thailand
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…
- Economy News
Gold prices in Thailand surge to historic 42,050 baht high
Gold prices reached a new high today, with the Gold Traders Association (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 the previous day’s closing figures. The GTA website showed that as of 9.02am, domestic gold bars were purchased at 41,450…
- Crime News
Thief snatches 210,000 baht gold necklace in a daring mall heist
A bold theft occurred yesterday at 7pm when a lone robber seized a 5-baht weight gold necklace valued at over 210,000 baht from the Aurora gold shop located inside a shopping mall in Bang Kaeo, Bang Phli District, Samut Prakan Province. The thief, under the guise of examining the jewellery, snatched the necklace and fled the scene, leaving the shop…
- Thailand News
Gold prices hit new record in Thailand amid market volatility
Gold prices in Thailand skyrocketed, setting a new all-time high record, reflecting a sharp increase of 750 baht from the previous day’s closing rate. The surge occurred amidst volatile market conditions, with the Gold Traders Association (GTA) announcing five price changes within the first 35 minutes of the trading day, starting with an initial hike of 700 baht at 9am.…
- Thailand News
Fake gold sales soar as Thai baht-weight hits 40,000 baht record
Gold prices have recently skyrocketed, touching a record high of 40,000 baht per baht-weight, prompting a surge in sales for fake gold shops as genuine gold becomes less accessible for many consumers. Amidst these soaring prices, the allure of fake gold that doesn’t tarnish but cannot be pawned has captured a diverse customer base, from luxury car drivers to factory…
