gold
- Thailand News
Thai gold prices plummet, buyers encouraged to act
The Thai Gold Traders Association (GTA) disclosed a significant drop in gold prices, prompting those interested in purchasing to act quickly. The price of gold ornaments tumbled by 150 baht, comparing the closing price on January 24, which stood at 34,650 baht per baht-weight. Today the latest figures from the association’s website, reported at 9.06am, show a marked decrease in…
- Thailand News
Steady gold prices in Thailand spark call for quick decisions
The Gold Traders Association (GTA) revealed that today’s gold prices remain unchanged from yesterday, urging quick decisions to be made. As of today, the selling price for gold ornaments is stated at 34,350 baht per baht-weight, a steady hold from the final price of yesterday, according to the most recent data from the GTA at 9.03am. Gold bars with 96.5%…
- World News
Man dies in tragic accident while digging for gold in kitchen
A tragic event unfolded in Brazil when a man lost his life after falling into a deep hole he had dug in his kitchen. The 71 year old, João Pimenta da Silva, believed that there was gold buried beneath his home. This belief was prompted by a dream and the Brazilian man enlisted the assistance of a neighbour to help…
- Thailand News
Gold price takes a dip in Thailand, down 50 baht from previous close
The Gold Traders Association (GTA) today revealed a further drop in today’s gold price when compared to the final price of yesterday. Today, a baht of gold ornament is selling for 34,150 baht, a 50 baht reduction from the closing price of yesterday. As per the GTA website, gold bars can be sold for 33,650 baht per baht and purchased…
- Thailand News
Gold prices in Thailand experience an increase of 50 baht
The Gold Traders Association (GTA) today announced a rise in gold prices. The retail gold price experienced an increase of 50 baht compared to the closing price on the previous day. The selling price of gold ornaments was 34,000 baht per baht, as reported by the news correspondent. The information, based on the data released on the GTA’s website at…
- Thailand News
Solo female robber strikes gold shop in Sadao, making off with 800000 baht
A 20 year old local woman executed a bold solo robbery, absconding with gold valued at over 800,000 baht from a Lotus Gold Shop in Sadao, Songkhla province. The incident transpired at 5.30pm yesterday. The store’s CCTV footage showed the woman, identified as Precha, committing the crime single-handedly while brandishing a knife, before making her escape on a Honda GPX…
- Thailand News
Gold price dips to 33,900 baht per baht, says GTA
The Gold Traders Association (GTA) decreased the gold price consecutively today compared to the closing price yesterday. The bullion price shifted to 33,900 baht (US$981) per baht today. Reporters stated that the GTA announced a 100 baht (US$2.89) decrease in today’s gold price compared to yesterday’s closing price, with the bullion price now standing at 33,900 baht (US$981) per baht,…
- Economy News
Gold prices take a dip in Thailand: 50 baht decrease reported
The price of gold fell again on the morning market today, with a decrease of 50 baht (US$1.46) compared to the closing price yesterday. As reported at 9.05am today, the cost of gold ornament was selling at 34,050 baht (US$99.4) per baht, according to the Gold Traders Association (GTA). Meanwhile, the 96.5% gold bar was bought at 33,450 baht (US$976.93)…
- Economy News
Gold prices predicted to hit record highs by 2024, says MTS Gold
MTS Gold, a local trader, predicted that gold prices are likely to skyrocket to new record levels of over 79,005 baht (US$2,300) per ounce and beyond 40,000 baht (US$1,164) per baht weight by this year. This forecast comes amidst anticipated adverse global economic situations. Kritcharat Hiranyasiri, the President of MTS Gold, explained that the anticipated decline in interest rates and…
- Thailand News
Gold prices in Thailand take a slight dip today
Gold prices decreased today, according to the Gold Traders Association. The price of gold ornaments was adjusted to 34,100 baht (US$994) per baht-weight, a drop of 50 baht (US$1.46) compared to the final price on December 28. This adjustment was reflected in the latest data from the Association’s website at 9am today. The selling price for 96.5% gold bars in…
- Economy News
Stable gold prices in Thailand offers secure investment opportunity
The Gold Traders Association announced today’s gold prices, maintaining the same rates as yesterday. The selling price for gold jewellery is set at 34,050 baht. The price of gold remains unchanged from yesterday, with the Gold Traders Association revealing the selling price for gold jewellery at 34,050 baht per baht, according to the latest information published on their website at…
- Thailand News
Counterfeit gold ornaments worth 3 million baht found on Chaeng Watthana Road
Expressway Traffic Police officers yesterday reported a large black bag found on the outbound lane of Chaeng Watthana Road to Pak Kret Police Station, Nonthaburi. The bag, discovered on the expressway, contained a camouflaged backpack filled with various types of ornamental gold, weighing no less than 100 baht. Officers could not immediately identify whether the jewellery was real or fake.…
- Thailand News
Drastic drop in Thai gold prices today following recent surge
Gold prices in Thailand have plummeted drastically today following a continuous surge, according to the Gold Traders Association. The price of gold ornaments fell by 250 baht compared to the last price yesterday, selling at 34,450 baht per baht-weight. The buying price of gold bars in the country stands at 33,850 baht per baht-weight and the selling price is 33,950…
- Thailand News
Golden delight: GTA unveils gold rush with prices soaring to new heights
The Gold Traders Association (GTA) today announced a strong surge in today’s gold prices. Compared to yesterday’s closing price, gold ornaments are selling at 34,800 baht per baht, up by 200 baht. This information was released on their website at 9.08am. Gold bars of 96.5% purity are currently being bought at 34,200 baht per baht and sold at 34,300 baht…
- Thailand News
Pregnant Burmese woman begs thief to return 240,000 baht’s worth of gold
A pregnant Burmese woman turned to social media to convey her heart-wrenching disappointment and appeal to a thief for the return of gold accessories valued at over 240,000 baht, which were stolen from her. The Burmese victim shared an image of now-empty gold containers along with a video capturing her emotional plea on social media. In the video, she tearfully disclosed…
- Guides
Harnessing advanced techniques for gold trading in global markets
Trading gold has been a cornerstone of global financial markets for centuries, standing as a symbol of wealth, stability, and a safe haven for investors. In the contemporary landscape, the dynamic nature of markets demands a sophisticated approach to gold trading, leveraging advanced techniques to navigate the complexities and capitalize on opportunities. This guide delves into the realms of harnessing…
- Business News
Gold prices could hit US$2,015 per ounce in near future, says GTA
The Gold Traders Association (GTA) projected a potential rise in gold prices, possibly hitting US$2,015 (71,535 baht) per ounce in the near future. However, this trend may be interspersed with periods of market volatility. Yesterday morning, spot gold saw an increase of 0.4% to US$1,997.39, spurred by a dip in the US dollar and a fall in the benchmark US…
- Thailand News
Gold forgery alert: Thailand’s GIT cautions against new technique
A warning about a new method of gold forgery was issued by the Gem and Jewelry Institute of Thailand (GIT). Fraudsters have been found to mix stainless steel powder with gold, making it nearly indistinguishable to the naked eye. Advanced equipment is required for detection, according to Sumeet Prasongpongchai, the director of GIT. The fraudsters have been known to craft…
- Business News
Gold demand remains strong due to central bank purchases says report
The World Gold Council has released its third-quarter report for this year, indicating a continued strong demand for gold. The council’s data reveals that central bank purchases have been instrumental in maintaining this demand. The report shows that gold demand, excluding over-the-counter (OTC) transactions, reached 1,147 tonnes for the quarter. This figure is 8% higher than the five-year average. When…
- Thailand News
Foiled in gold: Chinese-led scam gang’s Aurora of deception comes to light
A Chinese-led gang operating an elaborate gold investment scam, falsely using the name of a trusted jewellery manufacturer, Aurora Design, has been busted by Thai police. The scheme is reported to have an estimated 1.2 billion baht in circulation. Over the past week, police conducted raids on 21 locations across Bangkok, Chon Buri, and Chiang Mai, arresting 26 suspects, among…
- Business News
Thai gold prices dip: Gold Traders Association confirms morning fall
The Gold Traders Association (GTA) announced a decline in gold prices on this morning, with standard gold selling for 33,400 baht per baht weight, reflecting a decrease of 100 baht compared to the closing price last Friday. The latest value of gold bars in Thailand today, October 16, is 32,800 baht per baht weight for buying and 32,900 baht for…
- Thailand News
Significant rise in Thai gold prices: ornaments now at 33,500 baht per baht weight
The Gold Traders Association (GTA) announced this morning a significant increase in gold prices compared to the previous day. The increase was reported to be 550 baht (US$15), with the price of gold ornaments set at 33,500 baht per baht weight. This is a marked jump from yesterday’s closing price of 32,305.96 baht per baht weight. The report released today…
- Business News
Middle East tensions cause gold rush, prices poised to strike US$1,875
The escalating conflict in the Middle East could drive global gold prices to US$1,875 (67,950 baht) per ounce, as predicted by the Gold Traders Association (GTA). The association’s president, Jitti Tangsithpakdi, pointed out that prices have risen by US$20-30 per ounce since the onset of hostilities between Israel and Hamas militants. Gold prices reached a one-week high of US$1,860 yesterday…
- Crime News
Famed Thai actress reports 2.4 million baht gold trading investment scam
A former Thai soap opera actress and her husband have reported an investment scam to the Central Investigation Bureau (CIB), involving a gold trading business operated by the son of a famous Bangkok singer. The couple was convinced to invest in the business, promising high returns of 10%, resulting in a loss of 2.4 million baht. The former actress, 63…
- Economy News
Thai baht hits new low against US dollar amid gold price drop
The 2023 financial year has seen the Thai baht rank as one of the region’s poorest performing currencies, depreciating to a low of 37.14 to the US dollar on Tuesday – a level not seen since November of the previous year. The recent plummet in gold prices, with a decline of around 5% or US$7.45 (274.65 baht) per ounce, has…
- Thailand News
Gold holds its ground: Steady prices shine in market update
Gold prices remained steady today according to the Gold Traders Association‘s opening market update, with the price of gold ornaments set at 32,650 baht per baht-weight. The price of gold bars in the country was also unchanged, with the buying and selling rates at 32,050 baht and 32,150 baht per baht-weight respectively. Meanwhile, 96.5% pure gold ornaments were bought for…
- Business News
Federal Reserve statements impact gold prices, Thai domestic rates soar
Gold prices have been impacted by recent statements from the Federal Reserve, indicating possible rate increases this year and a likelihood of high rates throughout next year. This information, released on Wednesday, elevated the US dollar and bond yields, putting pressure on gold as investors revised their future price expectations for the precious metal. Consequently, Thursday saw a retreat in…
- Thailand News
Thai gold prices hold steady: 33,000 baht for ornaments and 32,500 baht for bars
The Gold Traders Association announced that Thai gold prices remain steady today, compared to yesterday’s final prices. The association revealed that the selling price of gold ornaments stands at 33,000 baht per baht weight. This information was obtained from the Gold Traders Association’s website at 9.22am today. The domestic buying price for gold bars is set at 32,400 baht per…
- World News
Unearthing riches: Danish man strikes gold with million-baht discovery in second-hand cabinet
A young Danish man stumbled upon three bars of pure gold worth over 7 million baht hidden inside a second-hand kitchen cabinet he had bought from a deceased tycoon. Despite the potential financial gain, he chose to hand the treasure over to the police. In 2019, Ajey, a resident of Denmark, caused a media stir with his accidental fortune. Being a…
- Economy News
Gold demand dips, jewellery market sees prices fall to 32,100 per baht weight
Demand for gold jewellery in Thailand experienced a drop causing a significant price dip in today’s market, according to the local gold traders association. The gold bar was trading at 32,100 baht per baht weight, a reduction of 150 baht compared to yesterday’s closing price, as reported on the association’s official website at 9.24am today. The 96.5% pure gold bars…
