gold
- 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…
- 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…
- 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…
- 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…
- Crime News
VIDEO: Thieves mess with the wrong gold shop owner in northern Thailand
Four thieves attempted to rob a gold shop at gunpoint yesterday in the Mueang district of Tak province in northern Thailand. Turns out the gold shop owner is a shooting competition champion. At 12.55pm, a gang of thieves shot through Yaowarat gold shop’s glass shopfront and let themselves in. As one of the robbers tried to cut through the steel…
- Economy News
PTT top revenue-earning company in Thailand in 2021
In news that is likely not surprising but probably very frustrating, amid soaring fuel prices, petrol company PTT has topped the list as the highest revenue corporation in Thailand for 2021. The national oil and gas conglomerate breakdancing 1 trillion baht over the last year no doubt thanks in part to huge inflation in the price of oil that has…
- Economy News
Thailand’s March exports spike nearly 20% year on year
Last month, Thailand’s exports surged at an unexpectedly high rate, jumping by 19.5% when compared to the same time last year. A Reuters poll conducted in March had predicted the country’s exports would only rise by 2.4%. According to the Thai customs department data, 2 major products contributing to the export jump were gold, and electronics. Gold exports in March were…
- Crime News
Armed man robs gold shop in Pattani, southern Thailand – VIDEO
An armed man has robbed a gold shop in a Big C supermarket in Pattani province, southern Thailand. Police say the thief stole a total of nine necklaces worth 15 baht weight in gold (a ‘baht’ in gold is about 15 grams). According to CTV footage, the robber walked by the Yang Hub Teng gold and jewellery shop in the…
- Northern Thailand News
Gold valued around 4.5 million baht stolen in Nakhon Ratchasima – VIDEO
A gunman has stolen gold valued at 4.5 million in the form of gold necklaces at a Lotus supermarket in Nakhon Ratchasima in northeastern Thailand. He ambushed the shop yelling… “This is a robbery. I have a gun.” The incident was caught on camera, and nobody was hurt during the heist. Other gold heists have not ended peacefully. Many Thai-style…
- Thailand News
1 groom, 3 brides at unusual Thai wedding… who paid the dowry?
Thai traditions went out the window at an unusual wedding last week in Nonthaburi province, central Thailand. The groom was in for a surprise when his three girlfriends asked for his hand in marriage and presented him with a dowry of 100,000 baht each on his 35th birthday. Together, the women have a total of nine children with the groom,…
- Bangkok News
Thais queue to sell gold as war in Ukraine sees prices reach new high
Bangkok residents queued up to sell their gold for cash yesterday, as the ongoing war in Ukraine saw the price of gold reach a new high. According to a Thai PBS World report, Thais lined up outside gold shops along Bangkok’s Yaowarat Road to sell their gold items for cash. The report states that by 12.56pm yesterday, the purchase price…
- Crime News
Police arrest man for allegedly robbing Bangkok gold shop, threatening owner with fake gun
Thai police arrested a man yesterday for allegedly robbing a gold shop and running off with a gold necklace valued at more than 50,000 baht in Bangkok’s Udomsuk area. He allegedly used a fake gun to threaten the shop owner and fled the scene on a motorbike with no license plate. After reviewing surveillance camera, footage police were able to…
- Thailand News
Rawai residents who register for a vaccine have a chance to win gold, cash
Rawai residents who register for a Covid-19 vaccine have a chance to win gold. In an incentive to get people vaccinated, Phuket’s Rawai municipality is starting a lucky draw with 10 gold necklaces as well as cash prizes up for grabs. Many governments and businesses in Thailand and overseas have started incentives to entice people to get vaccinated. A town…
- Economy News
Southern Thai people turn from tourism to gold panning
Thars gold in dem hills! With tourism in Thailand struggling due to Covid-19, and an economy needing some help, some people in the southern Thai region of the country have found income in an unusual source: panning for gold. The Sukhirin region close to the Malaysian border is known for gold deposits in the Sai Buri River and surrounding mountains.…
- Economy News
Gold sales go up as Thais sell jewelry to pay for routine expenses
With job losses and pay cuts brought on by the pandemic, many Thais are lining up to sell their gold to bring in some cash, like 22 year old Suvirat Namvicha, an office worker in Bangkok who had her overtime expenses cut. Survirat, who is also pregnant, says she needed to sell a gold necklace to pay for her medical bills.…
- Business News
How to buy gold in Thailand – from bracelets to baht
Jett Gunther visits Bangkok’s Chinatown and discusses why you should buy gold in Thailand, and how. Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold has held its value for thousands of years! In the past 20 years alone, the price…
- Economy News
US dollar denominated gold trade to be allowed
Ending decades of regulations limiting gold trade in Thailand to the baht, the US dollar will now be allowed as well. 2 weeks ago, in a bid to slow the rapidly rising baht and avoid landing on the US list of “currency manipulators”, the Bank of Thailand announced a policy to allow trading gold products in US dollars. Market players…
- Economy News
Price of gold rises but investment not without risks
A leading investment research firm says the price of gold is on the rise, with predictions bullion could reach US$2,000 an ounce. Chayanee Juengmanon from Morningstar Research Thailand says one exchange-traded fund favoured by most domestic gold mutual funds, recorded net inflows of over $20 billion within the last year, a 30% increase in the value of its assets. gold…
