gold
- 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…
- 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…
- 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
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…
- 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…
- 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,…
- 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
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.…
- 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
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…
- 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…
- Business News
PM asks public to cool down on selling their gold
Massive unemployment due to the national state of emergency and the Covid-19 outbreak has pushed gold prices to near a 7 year high, and gold shops throughout the country are running out of cash because so many people are cashing in. In a briefing this week in Bangkok, PM Prayut Chan-Ocha asked the public to show restraint and not to…
- 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…
