gold
- Bangkok News
Liberian duo arrested in Bangkok for US$90,000 gold scam
Two Liberian nationals have been detained in connection with a gold-selling scam in Bangkok that resulted in the theft of US$90,000, equivalent to around 3 million baht, from a Thai businessman. The scam involved swapping counterfeit banknotes for genuine ones. Police Colonel Pansa Amarapitak, the chief of Thong Lor Police Station, announced the arrest of 32 year old Solomon Varney…
- Business News
Thailand leads ASEAN in gold-driven financial growth, inclusion
Gold’s role in providing financial stability amid global uncertainties is gaining attention as the world moves into 2025. Traditionally linked to prosperity and wealth in Thai culture, gold remains a symbol of celebration during significant family events such as weddings and birthdays. Despite societal changes, gold’s cultural significance continues to drive strong consumer demand in Thailand, evidenced by the nation’s…
- Thailand News
Thai couple accuses ex-employee of stealing 5 million baht in cash and gold
A Thai couple suspected their ex-employee of stealing cash and gold accessories worth over 5 million baht from their home in the northern province of Lampang. The couple, whose identities have not been disclosed, filed a complaint with Kelang Nakhon Police Station after discovering the theft. Their home, located in Mueang Lampang district, also operates as a second-hand auto parts store.…
- Crime News
Golden getaway foiled: Shoe-less thief caught fleeing with loot
A man with a unique approach to theft was apprehended after stealing gold in Samut Sakhon. The suspect, who removed his shoes before entering a shop to commit the crime, was caught while attempting to flee to northern Thailand with the stolen goods intended to finance an engagement. A 32 year old man named Somlak Jantongtae, originally from Roi Et,…
- Thailand News
Housekeeper denies stealing 20 million baht gold in Khon Kaen
A startling case of theft has emerged from a gold shop in the northeastern province of Khon Kaen, where a housekeeper has been accused of stealing gold worth over 20 million baht since 2021. Despite clear CCTV evidence, the accused continues to deny the charges in court. Footage from a CCTV camera in the gold shop located in Ban Phai…
- Thailand News
Golden opportunity: Thai investors ‘mint’ to act as prices hold steady
In an unexpected twist for the Thai economy, the Gold Traders Association (GTA) announced a welcome bout of stability in today’s gold prices, prompting savvy investors to make their move. As of today, October 28, the glint of gold remains constant—keeping the market at a tantalising standstill. The GTA’s latest update, released at 9am, confirmed the price for gold ornaments…
- Thailand News
Thai cyber police arrest gold scammer in 85 million baht fraud
Cyber police arrested a 31 year old Thai man for allegedly conducting livestreamed scams involving the sale of gold at significantly reduced prices, resulting in over 500 victims and damages exceeding 85 million baht. Police executed a search warrant on a residence in Lam Luk Ka, Pathum Thani, following an investigation. Phromthada, also known as Mae Bainaad, director of Thada…
- Thailand News
500 victims accuse social media influencer of 85 million baht gold scam
Over 500 victims filed a complaint against a social media influencer for operating a gold scam that caused losses exceeding 85 million baht. Representatives of the victims, yesterday, October 7, visited the Cyber Crime Investigation Bureau in Pak Kret district, Nonthaburi province, near Bangkok, to seek justice after social media influencer Promtada “Mae Bainard” Nakcharoen, the company director of Tada Gold store,…
- Crime News
Gold rush gone wrong: Buyer & seller clash over counterfeit claims
A heated dispute erupted between a seller and a buyer over allegations of selling fake gold online. The seller insists the gold is genuine, while the buyer claims a loss of faith and calls for legal action. Yesterday, September 23, at Maleenont Tower on Rama IV Road, Khlong Toei District, Bangkok, Mae Tuck, Kornkanok Suwannabut, along with her husband Beer,…
- Guides
Strategic gold trading with pivot points & market timing
Trading in gold has long been a preferred strategy for investors looking to diversify their portfolios and hedge against market volatility. In Thailand, where the economic landscape and market dynamics differ from global trends, understanding the strategic use of pivot points and market timing is crucial for success. Advanced traders often leverage these tools to refine their trading strategies, maximising…
- Thailand News
Gold rush: Fed’s policy shift sparks record-breaking prices
Gold prices soared to an all-time high today as traders anticipate the Federal Reserve’s first shift towards easing monetary policy in over four years. The price of bullion jumped by up to 0.4%, hitting a peak of US$2,589.03 per ounce during Asian trading hours, today, September 17. This comes after a 3.2% increase last week, with eyes now on the…
- Business News
Exploring new trends in gold trading for enhanced profitability
Gold has been a highly valued commodity for centuries thanks to its rarity, beauty, and many practical uses. In recent decades, gold trading has become particularly lucrative due to market volatility and rising gold prices. However, the gold market is constantly evolving with new products, regulations, and technologies. Staying up-to-date with the latest gold trading trends is essential for traders…
- Technology News
Incorporating AI in predictive analysis for gold trading
In the evolving financial market landscape, the integration of artificial intelligence (AI) has become increasingly prevalent, particularly in enhancing predictive analysis for trading in gold. Influenced by local and global factors, Thailand’s gold market offers unique opportunities for traders who can accurately forecast price movements. By leveraging AI, traders can refine their strategies, improve accuracy, and potentially increase profits in…
- Thailand News
Gold prices steady in Thailand, gold ornaments at 40,950 baht
The Gold Traders Association (GTA) reported that gold prices remained stable today, with no increase or decrease from the previous day’s closing prices. Gold ornaments are selling at 40,950 baht per baht-weight. According to the latest data from the GTA released at 9.04 am today, August 26, the price of gold ornaments remains unchanged at 40,950 baht per baht weight…
- Thailand News
Jewellery store employee arrested for theft worth 24 million baht
Officers from the Phra Ratchawang Police Station in Bangkok apprehended a jewellery store employee who had been stealing gold necklaces from the store’s showcase for years, accumulating 646 baht in weight, valued at over 24 million baht. The suspect confessed to selling the gold to fund personal expenses and travel. Today, August 26, Police Major General Samart Promchat, Commander of…
- Thailand News
Gold prices drop as Thai market sees 50 baht reduction
Gold prices saw a drop today as the Gold Traders Association (GTA) opened the market with a reduction. Compared to the last recorded prices on August 9, gold ornaments are selling at 41,000 baht per baht weight. Today, August 12, reporters highlighted that the GTA announced gold prices, showing a reduction of 50 baht from the last prices on August…
- Thailand News
Golden triumph: Thai taekwondo athlete shines at Paris Olympics
Thailand erupted with joy as taekwondo star Panipak Wongpattanakit delivered a stunning victory, securing her country’s first Olympic gold medal by defending her title in the taekwondo women’s flyweight division against China’s Guo Qing. Panipak, who plans to retire after the Paris Games, ended her illustrious career on a high note by becoming the first Thai athlete to win two…
- Thailand News
Thai woman scammed in Chon Buri fake gold auction (video)
A woman was in tears after discovering the gold she had bid on for hundreds of thousands of baht was fake. The incident was shared by the TikTok user @namobanchangtongdaengso0, who owns a gold shop and posted a warning clip. A woman from Chon Buri brought gold items she had won in an auction to the shop to verify their…
- Thailand News
Customer forgets 1.6 million baht gold at Chachoengsao car wash
A customer accidentally left 40 baht of gold in their car at a car wash, causing a moment of panic when they couldn’t find it at home. The car wash owner shared the surprising story on Facebook, revealing the gold’s significant value. The RS CarWash & Detailing Bangpakong customer in the Tha Sa An, Bang Pakong district, Chachoengsao province, experienced…
- Thailand News
Thai police ‘shuttle’ of support for Olympic badminton gold
The Commissioner of the Royal Thai Police (RTP) Torsak Sukvimol led police officers across Thailand to rally behind Police Corporal Kunlavut “View” Vitidsarnl, who is vying for the gold medal in men’s singles badminton at the 2024 Paris Olympics. They are ready to offer benefits to officers representing the country in international sports. National Police Chief Torsak Sukvimol, alongside police…
- Business News
Gold prices expected to surpass US$2,500 by end of 2024
Local gold traders are optimistic about the future of bullion prices, forecasting that they could surpass US$2,500 per ounce by the end of 2024. This significant price increase is expected to follow a potential interest rate cut by the US Federal Reserve in September. Gold was trading at US$2,395 per ounce in Asian markets yesterday, spurred by the announcement that…
- Thailand News
Suspect wanted for gold heist at Bangkok department store
A daring heist took place at a prominent department store in Min Buri district, Bangkok, where a lone rider made off with gold weighing 40 baht. The store’s CCTV captured the incident clearly, and the suspect was seen fleeing the scene on Ramkhamhaeng Road. Officers from the Min Buri Police Station responded to a report of a theft at the…
- Thailand News
Man confesses to murder, car theft and gold robbery in Chiang Mai
A suspect has confessed to the murder of a rider and a subsequent gold robbery in Chiang Mai, driven by a desire to help his family pay off a 10 million baht debt from a pyramid scheme. The suspect, an ex-student of a prestigious university, meticulously planned the crime for over a year. Police arrested 27 year old Niphitphon Sombunsukying…
- Thailand News
Thief steals 2.5 million baht worth of gold in Chiang Mai mall heist
A gold heist at a prominent Chiang Mai shopping mall saw a thief steal approximately 60 baht of gold, worth roughly 2.5 million baht before fleeing in a white Toyota sedan. The suspect remains at large and police checkpoints were established city-wide as the suspect was last seen driving towards the Super Highway. At 11.30am today, July 8, the Chiang…
- 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…
- Thailand News
Elderly Thai couple’s buried backyard gold stash vanishes (video)
An elderly Thai couple lost more than 200,000 baht worth of gold accessories after burying them in their backyard in the northern province of Lamphun on Monday, June 3. The elderly man, 71 year old Prawet Sitha, asked officers from Pasang Police Station to help track down the thief who dug up the gold accessories from his backyard. Prawet explained…
- 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
Engineer gifts bride 120 baht of gold matching her weight
A young engineer made headlines by presenting 120 baht of gold, equivalent to the bride’s weight, as a dowry. The event, attended by many notable figures, took place yesterday in Pathum Thani. Kriangkrai Kadsa, known as Joe, led a vibrant procession to ask for the hand of Kewalin Kitiwan, also called Annie. The bride’s family, originally from Kamphaeng Phet, had…
- 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…
- 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.…
