gold
- 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…
- 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
Two of four robbers still missing after gold shop shooting
Two out of four suspects remain at large after an attempted gold shop robbery that ended in a hail of bullets. Four people tried to break into a gold shop in the Muang district of the northern province of Tak on Thursday. But they did not expect to be faced with a shop owner who is a champion marksman. He…
- 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
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
Thai robber who stole gold valued around 4.5 million baht caught
A gold robber, 28 year old Kittipong Phaethaisong, has been caught in Pattaya today, April 15, in a hotel after stealing gold necklaces valued at about 4.5 million baht in Nakhon Ratchasima, northeastern Thailand earlier this week. He told police the motivation for the crime was that he was unemployed and short on cash. The police have already found several…
- 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…
- 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…
- Northern Thailand News
Chiang Rai police looking for robbers who grabbed gold valued over 3 million baht | VIDEO
Police in the northern Thai province of Chiang Rai are searching for 2 suspects who allegedly robbed gold chains valued over 3 million baht from a gold shop. The suspects reportedly fled the scene on a motorbike. The robbery happened yesterday afternoon. Around 2:30, the robbers fired multiple shots from a handgun to intimidate the Yaowarat Sinthawee gold shop staff.…
- 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
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…
- Pattaya News
Police hunt armed man who robbed Chon Buri store of 200,000 baht worth of gold
Police in the city of Laem Chabang, the shipping port in the eastern province of Chon Buri, are hunting a suspect described as “armed and dangerous” following a robbery at a department store. Employees of the ‘Golden 99’ store were threatened at gunpoint before the man made off with gold valued at 200,000 baht. The 3 staff members were left…
- 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
Central bank mulls severing baht’s gold link to weaken gains
Thailand’s central Bank is mulling breaking the baht’s link to gold as a way to weaken it without being labelled a “currency manipulator” by Washington. According to US Census Bureau data, Thailand’s trade surplus surpassed US$20 billion in the 12 months up to the end of November 2019. That exceeds a $20 billion cap the US Treasury sets for bilateral…
- Events
Thai sports minister optimistic about Olympic boxing gold
Thailand’s minister of tourism and sports says he’s optimistic that Thai boxers will win a gold medal at next year’s Tokyo Olympic Games (if the Games are held at all). Phiphat Ratchakitprakarn visited the national team’s training camp at the National Sports Training Centre in Saraburi province, northeast of Bangkok. He was accompanied by the governor of the Sports Authority…
- Crime News
Gold necklace snatched from Banglamung motorcyclist – again
Police in Chon Buri’s Banglamung subdistrict are hunting for a suspect on a motorbike who allegedly snatched a gold necklace worth 65,000 baht from another motorcyclist in the Nongprue area. 40 year old Somchai Jandaphon, a contractor, filed a report with Nongprue Police yesterday. He told police that he was driving a motorbike in Soi Marb Tado when the suspect,…
- Covid-19 News
Thailand developing level 4 “gold standard” biohazard suits
In order to reduce the nation’s reliance on imported personal protective equipment during the Covid-19 crisis, Thai scientists are developing a Level 4 biohazard suit, dubbed the “gold standard” by the organisers working on the project. The Government Pharmaceutical Organisation and the textile industry are collaborating on the the suits after successfully developing Level 2 suits. The GPO, together with…
- Bangkok News
A golden moment for Thailand’s gold sellers
The streets of Bangkok’s Chinatown today have been paved with gold… sellers. Today, dozens of Bangkok citizens lined up outside Yaowarat Road gold shops, creating chaos as they tried to sell off their gold ornaments and gold bars after the price gold rose by 550 baht per baht of gold (15.244 grams.) It is reported that this is the highest…
- Covid-19 News
Opportunities for 2020 export growth in Thailand
Despite the whirlwind of shutdowns, lockdowns and craziness descending on Thailand at the moment, the departments are still churning out numbers and trying to forecast the way ahead. They say that, due to the Thai baht weakening and massive government interventions around the world for both monetary and fiscal policies, there is still a chance that Thailand could reduce the…
- Economy News
Thai stocks plummet nearly 4% in Monday SET trading
The Stock Exchange of Thailand finished yesterday at 1,435.56 points, a decrease of 59.5 points, or nearly 4% – that’s compared to Friday’s close on the SET. The daily trade volume for Monday was 76.431 billion baht, with an index high of 1,474.12 and a low of 1,435.56. Asian bourses were hammered as confidence was inhibited by rising cases of the…
- Crime News
Thief gets away with 50 phones and gold in Bangkok
PHTOTS: INN News A thief has snatched over 50 smartphones and 76 grams of gold at a phone shop in Bangkok. The incident happened yesterday. INN News reports that the store is off, Bang Kradi Road, south-west of the city centre. The store is part of a small retail complex but there was no one near the store when the…
- South Thailand News
60 million baht of gold stolen in Songkhla heist
Five people have robbed a gold shop in the city centre of Na Thawee district in Songkhla province yesterday (Saturday). The robbers were dressed in military uniforms and armed with assault weapons, fleeing with gold and jewellery valued around 60 million baht. According to the Thai PBS report, the five bandits arrived at the Suchada Gold Shop in a white…
- Chiang Mai News
Woman leaves behind 10 kilos of gold at Chiang Mai Airport
PHOTOS: sanook.com A mysterious backpack was left laying around the Chiang Mai International Airport on Monday this week at 8.30am. It turned out that a passenger travelling with NokAir, heading to Don Muang Airport in Bangkok, had left the black backpack at a security checkpoint on the way to her flight. Police have reported the story now that the owner…
