gold

  • World News

    Teenager surprises sister with massive gold necklace at her wedding

    At a wedding ceremony, a 15 year old boy stunned the attendees by presenting his sister with a large gold necklace as a surprise gift. The news quickly spread across Vietnam’s online world, leaving netizens with a mix of shock and amusement. The video clip showing this surprising incident was shared widely on social networks. The footage revealed a young…

  • 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…

  • Crime News

    Chinese couple’s 20-year routine leads to 15 million baht gold theft

    A gold shop owner couple who have been transporting 30 kilogrammes of gold back and forth from their home for over 20 years woke up to a shocking gold theft reality – a thief had stolen their gold worth over 15 million baht. The couple, based in the city of Shuangyashan, Heilongjiang province, China, were under the impression that keeping…

  • 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…

  • Business News

    Gold market rebounds amid weakening US labour market and dollar decline

    The value of the gold market experienced a slight increase yesterday, reaching above US$1,820 per ounce. This followed an eight-day decline which was influenced by the high US bond yields and the strengthening dollar. The rise was a response to a weakening labour market in America. On yesterday morning, spot gold had risen by 0.3% to US$1,827 per ounce. This…

  • 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…

  • Economy News

    Gold prices see slight lift, gold ornaments trading at 32,500 baht

    Gold prices surged today as the Gold Traders Association revised rates upwards. This comparison is made to the end prices of August 28, when gold ornaments were selling at 32,500 baht per baht weight. Today, the price was revised upwards by 100 baht, compared to the closing price of August 28. The price of gold ornaments moved to 32,500 baht…

  • 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…

  • Crime News

    Gold fraud: Trader arrested for defrauding investors of over 100 million baht

    A high-profile gold trader in Saraburi has been arrested on fraud charges stemming from her operation of a gold investment scheme that allegedly defrauded hundreds of investors out of over 100 million baht. The apprehension of the alleged fraudster, 38 year old Watsamon, took place at a post office in Tha Luang District, Lopburi, following a court-issued arrest warrant from…

  • Thailand News

    Thai road sweeper returns nearly 200,000 baht lost gold accessories to owner

    Residents in the central province of Phetchabun hailed the honesty of a Thai road sweeper after she found lost gold accessories worth nearly 200,000 baht and returned them to their rightful owner. The 55 year old road sweeper, Ratree Chumwong, successfully returned the gold accessories to the owner on Monday, August 14, with the help of a restaurant owner and…

  • Thailand News

    Golden guardian’s treasure trove: Thai security guard’s wealth unveiled as frugality shines

    A Thai security guard found bedecked in gold jewellery, including a thick gold chain, ring, and gold wristwatch, revealed the secret of his wealth to a local TikToker – frugality. The TikToker, @artpapearn, today shared with his followers that the guard says he never spends his salary, collects old items to sell or gives out alms coins, and never touches…

  • Thailand News

    Unlocking the secrets of gold trading: Strategies and tips for success

    Gold has captivated the world for centuries, and its enduring value makes it an attractive commodity to invest in. Trading gold comes with complexities, however – so understanding key strategies is essential if you want your investments to thrive. We will provide you with 3 effective strategies for gold trading as well as helpful tips that everyone should note when…

  • Thailand News

    Treasure hunters uncover ancient gold and artefacts in Thailand’s Bang Pakong River

    Treasure hunters discovered ancient valuables, including gold rings and old coins dating back to the fourth and fifth reigns of Thailand, along the Bang Pakong River in Kabin Buri, Prachin Buri. Today, locals flocked to the site, following a Facebook post showing a video of people using metal detectors near a construction site along the riverbank. During a site inspection at…

  • Crime News

    Lao national busted in Thailand after 1.8 million baht gold shop heist

    Thai police have busted another robber. A Lao national accused of stealing gold worth approximately 1.8 million baht from his home country was apprehended at a luxury condominium in the Mueang district in Khon Kaen province. The suspect, 27 year old Thao Sirasorn, was arrested in the condominium’s car park on Friday evening. Authorities seized eight gold necklaces, each weighing…

  • Thailand News

    Elderly Thai woman dies in house fire alongside 20 baht of gold

    A tragic fire in Phra Nakhon Si Ayutthaya province claimed the life of a 76 year old Thai woman, leaving her husband heartbroken. The fire, which broke out at their wooden house today at 9.30am, destroyed the entire building and reportedly engulfed an estimated 20 baht of gold. The incident occurred at a high-stilt wooden house in Bang Sai district’s…

  • Thailand News

    Elderly Thai woman duped by thieves in lottery and gold necklace scam

    An elderly Thai woman was tricked by gold necklace thieves performing a scam lottery number ceremony at famous temple in Udon Thani, Thailand. The 75 year old victim lost a one-baht gold necklace worth 32,800 baht (US$993) to the criminals. A Sanook reporter visited Udon Thani’s Wat Phra Thaen yesterday at 3pm to investigate Mai Boonpha’s complaint. She claimed that…

  • Thailand News

    Golden surge: Thailand witnesses 100 baht spike in gold prices

    Gold prices in Thailand saw a strong surge today, with prices for gold bullion and gold ornaments rising by 100 baht compared to their closing levels on June 5. Data from the Gold Traders Association revealed that the price for gold ornaments stood at 32,750 baht per baht weight, while gold bullion was being bought at 32,150 baht and sold…

  • Thailand News

    Shining Surge: Gold prices soar in Thailand, hitting 32,650 baht per baht

    The Gold Traders Association reported an increase in gold prices in Thailand today, with gold bullion trading at 32,650 baht per baht, up 50 baht compared to the closing price of yesterday. Gold bars are being bought at 32,050 baht and sold at 32,150 baht. Recording a rise in gold prices today, the Gold Traders Association stated that gold ornaments…

  • Crime News

    Trans suspect allegedly snatches cash and gold from Russians in Pattaya (video)

    A transgender suspect allegedly snatched cash and gold necklaces from a Russian couple in Pattaya earlier this week. Officers took the suspect into custody at the Pattaya Police Station on charges of stealing 2,500 baht in cash and two gold necklaces from 51 year old Nikolay Smirnova and 51 year old Elena Smirnova. According to the couple, the suspect approached…

  • Business News

    Growing global demand for gold amid banking sector turmoil and geopolitical tensions

    The global demand for gold from investors is witnessing an increase due to instability in the banking sector, geopolitical tensions, and a challenging economic environment, prompting individuals to turn to the precious metal as a safe-haven asset, according to the World Gold Council (WGC). The WGC’s most recent Gold Demand Trend report revealed that demand for gold bars and coins…

  • World News

    At least 27 workers killed in remote Peruvian gold mine fire

    In a remote region of southern Peru, a fire at the La Esperanza 1 gold mine has claimed the lives of at least 27 workers, marking one of the worst mining disasters in the country’s recent history. The grieving families of the victims have congregated near the mine, anxiously waiting for updates on their loved ones. The cause of the…

  • Crime News

    Thailand’s Supreme Court upholds death penalty for school director who killed 3 in gold shop robbery

    The Supreme Court of Thailand ruled today that the death penalty will be upheld for the former primary school director who shot dead three people – including a two year old child – and wounded another during a gold shop robbery in Lop Buri province three years ago. On January 9, 2020, then-39 year old Prasitthichai “Golf” Khaokaew entered the…

  • Thailand News

    6 Chinese men arrested for 10 million baht fake gold scam in Thailand

    Police arrested six Chinese men for selling fake gold to rich Thai people resulting in a profit of more than 10 million baht. The suspects were reported to be former members of a scam call centre gang based in Indonesia. The gang confessed that their criminal act was inspired by a television series about scammers. One victim, a Chinese man…

  • Crime News

    Body of loan shark found in Thailand river, 7 baht of gold jewellery missing

    The body of a Thai woman missing for three days was recovered from a river in Chumphon province in southern Thailand yesterday. The gold jewellery she usually wears, worth 220,000 baht, was missing. The deceased – 32 year old Chadathip – ran a loan business and never returned from an appointment she made to chase money from a debtor on…

  • Northern Thailand News

    Thai man buys gold with 30,000 baht in coins

    A Thai man has used nothing but coins to buy 30,000 baht of gold at a shop in the northeast province of Maha Sarakham. Tangmo Konrakkwai, the shop owner, said the customer called and asked if the store accepted coins as payment for gold. She told the customer yes but didn’t think the payment would only consist of coins. According…

  • Thailand News

    Thai child buys grandma gold ring with money saved selling kanom pang ping

    A giving and entrepreneurial Grade 5 student from Chai Nat province in central Thailand has won over the hearts of the nation by buying his grandma a gold ring with money he saved up selling ‘kanom pang ping.’ On Sunday, 11 year old “Ice” went to a gold shop in Chai Nat with his mother with 4,700 (US$140) baht in…

  • Phuket News

    Kind Thai man returns pricey lost gold bracelet to British tourist in Patong

    A kind Thai man returned a pricey lost gold necklace to a British tourist in Patong last week, media reported yesterday. The Thai man, 46-year-old Jakkarin Kongmueang, told Patong Police he found the bracelet at a bar in Soi Bangla on January 11. The Phuket Express reported that the bracelet was worth 150,000 baht. Jakkarin went to the station to file a report…