gold
- 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
Surge in gold prices today as announced by Gold Traders Association
The Gold Traders Association (GTA) announced a surge in gold prices today, after a significant drop. As of today, December 7, the gold bullion was sold for 34,300 baht per baht, showing a 100 baht increase compared to the closing price yesterday. According to the GTA’s website, as of 9.04am local time, the selling rate for 96.5% gold bar was…
- 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
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…
- 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…
- 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…
- 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…
- 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…
- 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…
