gold
- Business News
Gold prices soar to record heights amid Trump’s tariff turmoil
Gold is glittering like never before, with prices reaching record heights as jittery investors scramble for safe havens following United States President Donald Trump’s bombshell tariff threats against Mexico and Canada. The price of bullion saw a gleaming rise of up to 0.2%, hitting an all-time high of US$2,799.65 per ounce. This shiny achievement came hot on the heels of…
- Crime News
Mother arrested for gold theft amid lender threats in Thailand
A 27 year old mother was arrested for stealing a gold bracelet after facing dire financial straits. She resorted to stealing following threats from a lender who intimidated her by threatening her four month old child. The incident occurred on January 12 in a gold shop in Hua Ro, Phra Nakhon Si Ayutthaya district, Ayutthaya province. Suwichada Ongying, who works…
- Bangkok News
Dutch national arrested in Bangkok for US$55,000 gold scam
Thailand’s Immigration Bureau announced on Tuesday, January 14, the arrest of a 43 year old Dutch national for allegedly organising a gold scam in Bangkok. The suspect, named Ndille, is accused of deceiving customers by selling counterfeit gold pellets, claiming they were smuggled tax-free from Africa and offering them at below-market prices. Investigations uncovered that the suspect employed a sophisticated…
- Thailand News
Caught red-handed: 6 arrested at illegal gold mining site in Phitchit
Forestry police apprehended a Vietnamese man and five Thai nationals at an unauthorised gold mining site on Panompa Mountain in the northern province of Phichit yesterday, January 10. This action followed a report alleging that a Vietnamese investor had entered the site on the mountain in Nong Phra subdistrict, Wang Sai Phun district, to excavate gold. The Vietnamese individual was…
- 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,…
- Business News
Thailand leads ASEAN in gold demand growth amid record prices
Thailand continues to lead the ASEAN region in consumer gold demand growth, as reported by the World Gold Council (WGC). In the third quarter of 2024, Thailand’s gold demand surged by 11% year-on-year, reaching 14.5 tonnes, marking its second consecutive quarter of robust growth. Globally, gold demand remained strong, increasing by 5% from a year earlier to 1,313 tonnes. This…
- 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
Thai police probe online gold seller over fraud allegations
Thai police revealed that an online gold seller is facing multiple charges following complaints from customers. They allege the gold sold was falsely advertised as 99.99% pure. Police are currently investigating to determine the full extent of the allegations. Police Major General Wichaya Sriprasertphas, head of the Consumer Protection Police Division (CPPD), stated that the police are working in conjunction…
- 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…
- Thailand News
Thai wheelchair fencing queen’s stunning comeback victory
In a thrilling showdown at the Paralympic Games in Paris, Thai wheelchair fencing queen Saysunee Jana clinched her fourth gold medal in a nail-biting women’s sabre category B final yesterday. The 50 year old wheelchair fencing legend defied the odds, defeating China’s Xiao Rong, the world’s No.3, with a razor-thin 15-14 victory. Saysunee, ranked No. 4 globally, faced a daunting…
- 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
Gold prices rise sharply following recent declines
Gold prices surged today following a significant drop, according to the latest data from the Gold Traders Association (GTA). As of 9am, today, August 9, the price of gold jewellery was being sold at 40,950 baht per baht-weight, reflecting an increase of 250 baht compared to the final price yesterday. Today’s gold prices saw gold bullion in the domestic market…
- 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…
- Thailand News
Gold prices drop again as traders urged to act quickly
The Gold Traders Association (GTA) announced another drop in gold prices, urging interested buyers to check and decide quickly. Compared to yesterday’s closing price, gold ornaments are selling at 41,100 baht per baht-weight. Today’s gold prices, as of 9.04am, July 30, have decreased by 100 baht from the last price on July 29. Gold bars in the domestic market are…
- 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…
- Thailand News
Police hunt woman who stole gold amulet and 600 baht in Patong
A woman is being sought by police in Patong for stealing a gold amulet and 600 baht from a smoothie shop early today. Patong police responded to the incident on Sawasdirak Road at 10.50am today after the shop owner, known as Aum, reported the theft. She had closed her shop at 2.30am and found the items missing when she returned…
- 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.…
