gold
- 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
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
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…
- 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…
- 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…
- 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
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
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
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…
- 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
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…
- 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
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
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
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.…
- 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,…
- 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…
