Price

  • Business NewsFarm to table: Thailand firms urged to unite for stable farm prices

    Farm to table: Thailand firms urged to unite for stable farm prices

    The Commerce Ministry urged Thai conglomerates to collaborate in purchasing agricultural products to provide farmers with a more stable income. Commerce Minister Phumtham Wechayachai revealed plans to manage agricultural products and secondary crops for the latter half of the year. He instructed Vuttikrai Leewiraphan, commerce permanent secretary, and Wattanasak Sur-iam, Director-Deneral of the Internal Trade Department (ITD), to engage department…

  • Pattaya NewsPattaya restaurant under fire for excessive pricing of food dish

    Pattaya restaurant under fire for excessive pricing of food dish

    A restaurant in Pattaya, Chon Buri Province, has come under scrutiny for reportedly charging an excessive 70 baht for a basic dish of rice with two fried eggs. Following this, the Department of Internal Trade ordered provincial commerce officials to conduct inspections of made-to-order food outlets in the region. The restaurant’s alleged high pricing and lack of clear price signage…

  • Business NewsBitcoin forecast to break US,000 barrier by year-end

    Bitcoin forecast to break US$80,000 barrier by year-end

    Cryptocurrency prices, particularly Bitcoin, have experienced an unexpected surge this year. The world’s largest cryptocurrency exchange, Binance’s chief executive, Richard Teng, previously predicted Bitcoin would conclude 2024 at approximately US$80,000. However, current market trends indicate that Bitcoin could surpass that figure before the year ends. Bitcoin’s popularity has been on the rise, reaching an all-time high of US$73,750 in mid-March.…

  • Thailand NewsPrice surge in off-season rice boosts Thai farming

    Price surge in off-season rice boosts Thai farming

    The president of Ban Mai Khao Farmers Group commended the recent increase in the price of fresh off-season rice, which has hit 10,000 baht (US$280) per tonne. This price surge not only encourages the traditional practice of rice cultivation among Thai farmers but also ensures a steady income for them. Suphan Phathom’s area of oversight includes the last remaining rice…

  • Thailand NewsGold prices in Thailand retreat but stay over 37,000 baht mark

    Gold prices in Thailand retreat but stay over 37,000 baht mark

    Gold prices in Thailand took a dip today after a continuous climb, with the Gold Traders Association (GTA) reporting a decrease of 100 baht compared to the closing figures yesterday, March 12. Despite the fall, prices remained above the 37,000 baht mark. As of the latest update from the association at 9.05am today, the price for gold ornaments was set…

  • Business NewsGold prices hit record high in Thailand, predicted to climb further

    Gold prices hit record high in Thailand, predicted to climb further

    Gold prices in Thailand have reached a historic peak, with projections indicating a possible increase to 38,000 baht per baht weight within the year. This surge is largely attributed to the continued global increase in gold prices, which are nearing a two-month high of over US$2,080 per ounce, according to the Gold Traders Association (GTA). The price of gold bars…

  • Thailand NewsThai gold prices surge, reach new high at 35,750 baht per baht

    Thai gold prices surge, reach new high at 35,750 baht per baht

    Gold prices in Thailand saw a continuous surge today, prompting those interested in trading the precious metal to act swiftly. The Gold Traders Association (GTA) reported a significant increase compared to yesterday’s closing rates, with the selling price of gold ornaments per baht weight reaching 35,750 baht today marking a 50 baht increase from the previous day. The domestic market…

  • Business NewsGold prices experience significant rise, says GTA

    Gold prices experience significant rise, says GTA

    Today saw a marked increase in gold prices, according to the Gold Traders Association (GTA). The buying prices for gold ornaments reached 34,473.84 baht (US$966) per baht weight, and gold bars were valued at 35,100 baht (US$984) per baht weight. On the other hand, the selling prices were determined at 35,700 baht (US$1,001) per baht weight for gold ornaments, while…

  • Business NewsThailand govenment raises sugar cane price, stirs industry buzz

    Thailand govenment raises sugar cane price, stirs industry buzz

    The government yesterday sanctioned a definitive sugar cane price for the 2022/2023 season at 1,197 baht (US$33) per tonne, marking a substantial increase of 117 baht from the preliminary price of 1,080 baht per tonne. In parallel, the initial price for the 2023/2024 season was ratified by the cabinet, standing at 1,420 baht per tonne. Government spokesperson, Chai Wacharonke, indicated…

  • Thailand NewsBangkok retail hotspots top land value at 3.75 million baht per sq wah

    Bangkok retail hotspots top land value at 3.75 million baht per sq wah

    Bangkok’s prime retail locations, including Siam Square, Chidlom, and Ploenchit, retain their position as the city’s most expensive land areas, with prices reflecting the lucrative nature of the retail business compared to other commercial ventures. Sopon Pornchokchai, the president of the Agency for Real Estate Affairs (AREA), revealed that a survey of land prices across Bangkok and its vicinity, ongoing…

  • Thailand NewsThai gold market opens with steady prices at 34,700 baht

    Thai gold market opens with steady prices at 34,700 baht

    The Gold Traders Association (GTA) today announced the Thai gold market’s opening prices, which remained steady compared to yesterday’s close. Ornamental gold was quoted at 34,700 baht per baht weight today. According to the GTA’s morning update, the price of gold bars, which contain 96.5% pure gold, was set at a buying rate of 34,100 baht per baht weight and…

  • Thailand NewsThai gold prices dip slightly, investors on alert

    Thai gold prices dip slightly, investors on alert

    Gold prices in Thailand saw a slight dip today, prompting investors and enthusiasts to make quick decisions. According to the latest data released by the Gold Traders Association (GTA), the price of gold ornaments dropped by 50 baht compared to the previous day, now selling at 34,800 baht per baht-weight (a traditional Thai unit of measurement for gold). The association’s…

  • Thailand NewsThai gold prices drop at market open, gold bars at 34,050 baht

    Thai gold prices drop at market open, gold bars at 34,050 baht

    Gold prices in Thailand saw a decline at the opening of the market, comparing the last price from January 29. The Gold Traders Association (GTA) reported the selling rate for gold ornaments at 34,550 baht per baht-weight (a traditional Thai unit of measurement for gold, equating to 15.16 grammes) for today, marking a decrease of 100 baht from the previous…

  • Thailand NewsThailand gold prices take a slight tumble

    Thailand gold prices take a slight tumble

    Gold prices in Thailand saw a slight decrease at the start of the week. According to the latest figures from the Gold Traders Association (GTA), the price of gold jewellery is now set at 34,550 baht per baht weight as of Monday, representing a 50 baht drop from the previous day’s close. The domestic gold market experienced a minor adjustment…

  • Thailand NewsThai gold prices plummet, buyers encouraged to act

    Thai gold prices plummet, buyers encouraged to act

    The Thai Gold Traders Association (GTA) disclosed a significant drop in gold prices, prompting those interested in purchasing to act quickly. The price of gold ornaments tumbled by 150 baht, comparing the closing price on January 24, which stood at 34,650 baht per baht-weight. Today the latest figures from the association’s website, reported at 9.06am, show a marked decrease in…

  • Thailand NewsSteady gold prices in Thailand spark call for quick decisions

    Steady gold prices in Thailand spark call for quick decisions

    The Gold Traders Association (GTA) revealed that today’s gold prices remain unchanged from yesterday, urging quick decisions to be made. As of today, the selling price for gold ornaments is stated at 34,350 baht per baht-weight, a steady hold from the final price of yesterday, according to the most recent data from the GTA at 9.03am. Gold bars with 96.5%…

  • Thailand NewsGold price takes a dip in Thailand, down 50 baht from previous close

    Gold price takes a dip in Thailand, down 50 baht from previous close

    The Gold Traders Association (GTA) today revealed a further drop in today’s gold price when compared to the final price of yesterday. Today, a baht of gold ornament is selling for 34,150 baht, a 50 baht reduction from the closing price of yesterday. As per the GTA website, gold bars can be sold for 33,650 baht per baht and purchased…

  • Thailand NewsGold price remains steady in Thailand

    Gold price remains steady in Thailand

    The Gold Traders Association (GTA) revealed today’s gold price remains steady and those interested should hurry to make purchases. As of today, January 10, the selling price for gold ornaments is 34,150 baht per baht weight, unchanged from the closing price yesterday, according to the latest information from the GTA’s website at 9.03am. The price for 96.5% gold bars in…

  • Business NewsUS set for decisive week on Bitcoin ETFs

    US set for decisive week on Bitcoin ETFs

    The final phase of a multi-year endeavour to introduce Bitcoin-backed exchange-traded funds (ETFs) in the United States is set to climax this week, faced with a series of crucial deadlines. Bloomberg News reports that all aspiring Bitcoin ETF issuers have until today, January 8, in Washington to present any late amendments to their pending applications. Moreover, the US Securities and…

  • Thailand NewsGold prices in Thailand experience an increase of 50 baht

    Gold prices in Thailand experience an increase of 50 baht

    The Gold Traders Association (GTA) today announced a rise in gold prices. The retail gold price experienced an increase of 50 baht compared to the closing price on the previous day. The selling price of gold ornaments was 34,000 baht per baht, as reported by the news correspondent. The information, based on the data released on the GTA’s website at…

  • Economy NewsGold prices take a dip in Thailand: 50 baht decrease reported

    Gold prices take a dip in Thailand: 50 baht decrease reported

    The price of gold fell again on the morning market today, with a decrease of 50 baht (US$1.46) compared to the closing price yesterday. As reported at 9.05am today, the cost of gold ornament was selling at 34,050 baht (US$99.4) per baht, according to the Gold Traders Association (GTA). Meanwhile, the 96.5% gold bar was bought at 33,450 baht (US$976.93)…

  • Thailand NewsInflated holiday airfare prices in Thailand under scrutiny

    Inflated holiday airfare prices in Thailand under scrutiny

    Thanakorn Wangboonkongchana, a member of the House of Representatives and a deputy leader of the Palang Pracharath Party (PPRP), has voiced concerns regarding the inflated airfare prices during the holiday season. He urged the Ministry of Transport and the Civil Aviation Authority of Thailand (CAAT) to scrutinise airlines following passenger complaints about excessive ticket costs, particularly for flights from Bangkok…

  • Business NewsRice prices surge to 15-year high amid demand and El Niño concerns

    Rice prices surge to 15-year high amid demand and El Niño concerns

    Rice prices have surged to a 15-year high amid growing concerns about the impact of increased demand and the effects of El Niño on supplies. The grain, a dietary staple for billions of people in Asia and Africa, saw its cost rise 2.5% last week, reaching US$650 a tonne, the highest point since October 2008. This information, provided by the…

  • Thailand NewsSurge in gold prices today as announced by Gold Traders Association

    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 NewsThai Commerce Minister defends recent sugar price increase

    Thai Commerce Minister defends recent sugar price increase

    The Deputy Prime Minister and Minister of Commerce defended the recent sugar price hike following discussions with all parties involved. The minister, Phumtham Wechayachai, maintains the decision was made based on appropriate cost considerations, not a failure to control prices. Today, at Government House, Phumtham addressed concerns that the government couldn’t control sugar prices after a Cabinet meeting yesterday decided…

  • Thailand NewsNoodle shocker: Young man stir-fries his emotions after being billed 300 baht in Don Mueang

    Noodle shocker: Young man stir-fries his emotions after being billed 300 baht in Don Mueang

    A young man was taken aback when he was charged 300 baht for a plate of stir-fried noodles at a restaurant in Don Mueang. The page Sai Mai Tong Rot (Sai Mai Must Survive) posted a clip of the incident, showing the customer arguing about the high price of the dish. The restaurant justified the cost by stating they used…

  • Business NewsRice to the occasion: Thai government shells out 55 billion baht for price stability

    Rice to the occasion: Thai government shells out 55 billion baht for price stability

    The Thai government sanctioned measures totalling 55 billion baht to secure stable rice prices for the 2023 to 2024 harvest season, as confirmed yesterday by Commerce Minister Phumtham Wechayachai. The approved strategy includes providing loans to farmers to withhold the sale of their paddy rice for five months and to agricultural cooperatives for market intervention until prices improve. Farmers who…

  • Thailand NewsSignificant rise in Thai gold prices: ornaments now at 33,500 baht per baht weight

    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…

  • Thailand NewsPrice plunge plan: Thai Commerce Minister sets sights on grocery relief

    Price plunge plan: Thai Commerce Minister sets sights on grocery relief

    Expectations rise as the Thai Commerce Minister initiates an internal trade department survey with the goal of lowering prices on 20 consumer goods, including staples like rice, eggs, chicken, and pork. This effort aims to alleviate the financial strain on citizens and reflects the principle of supporting the less fortunate. Phumtham Wetchayachai, Deputy Prime Minister and Minister of Commerce, this…

  • Transport NewsThailand’s airlines resist price war despite rising operational costs

    Thailand’s airlines resist price war despite rising operational costs

    Despite escalating operational costs, Thailand’s airlines are unlikely to trigger a new price war, while the Civil Aviation Authority of Thailand (CAAT) intends to retain the existing ceiling for ticket prices. This information was shared by Suttipong Kongpool, the CAAT director, during a seminar co-hosted by the Airlines Association of Thailand (AAT) and CAAT this week. Suttipong indicated that with…