Price
- Pattaya News
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 News
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 News
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…
- Business News
Gold prices predicted to hit US$2,250 per ounce by year-end
A revision in the global gold prices outlook has been announced by the Gold Traders Association (GTA), projecting an increase to US$2,250 per ounce by year-end from its previous estimate of US$2,100. This adjustment comes in the wake of domestic prices reaching an all-time high of 36,700 Thai baht per baht weight yesterday morning. The President of GTA, Jitti Tangsithpakdi,…
- Business News
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 News
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 News
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…
- Thailand News
Thailand gold prices stable at 35,050 baht with steady market
Gold prices in Thailand remained stable, with no increase or decrease compared to the previous closing figures yesterday The Gold Traders Association (GTA) listed the selling price for gold ornaments surpassing the 35,000 baht mark today in the Western calendar. The latest figures from the association’s website, recorded at 9.02am, indicated that the selling price for gold ornaments was 35,050…
- Thailand News
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 News
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 News
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…
- Cannabis
Cannabis pricing in Thailand: A path to equitable market practices
In Thailand, the price of cannabis varies significantly, but there are gems to be found. For instance, at DJ Cannabis, tourists and locals alike have discovered Thai Cannabis for as low as 70 baht per gram, a price that’s hard to beat. This guide aims to shed light on the cannabis pricing landscape in Thailand, helping you make informed decisions…
- Thailand News
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 News
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 News
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%…
- Business News
Boxed milk prices set to rise due to increased raw milk costs
The Internal Trade Department under the Commerce Ministry is poised to consider and approve a potential rise in boxed milk prices, following a request in alignment with increased raw milk production costs. The move comes on the heels of the Milk Board’s recent approval to hike the median ex-factory rates for raw cow’s milk by 2.25 baht (US$0.064) to reach…
- Thailand News
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 News
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 News
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…
- Thailand News
Gold price dips to 33,900 baht per baht, says GTA
The Gold Traders Association (GTA) decreased the gold price consecutively today compared to the closing price yesterday. The bullion price shifted to 33,900 baht (US$981) per baht today. Reporters stated that the GTA announced a 100 baht (US$2.89) decrease in today’s gold price compared to yesterday’s closing price, with the bullion price now standing at 33,900 baht (US$981) per baht,…
- Thailand News
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 News
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 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…
- Business News
Sugar cane farmers dispute government’s 2 baht price hike
Sugar cane farmers in Thailand are seeking clarification from the industry and commerce ministries regarding the Cabinet’s decision to allow a mere 2-baht increase per kilogramme in ex-factory sugar prices. The decision has been deemed unfair by sugar manufacturers as it falls short of the four-baht price hike requested by the Cane and Sugar Board. Citing escalating manufacturing costs due…
- Thailand News
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 News
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 News
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…
- South Thailand News
Rain pours on parade: Flooding sours vegetable prices as demand greens up
The recent heavy rainfall and flooding in Central Thailand have led to increased vegetable prices at the fresh market in Betong, Yala, as the supply to the market has been significantly reduced. As the Vegetarian Festival approaches, the demand for vegetables is surmounting, causing prices to surge even more. The prices have doubled for some varieties of vegetables. In the…
- Transport News
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…
- Phuket News
Phuket Por Tor Festival sees surge in demand, no evidence of price gouging
The Por Tor Festival, an influential cultural event among the ethnic Chinese throughout Phuket Island, sparked a surge in product demand and suggestions of price gouging. In response, officers from the Phuket Provincial Commerce Office initiated checks among retailers to detect any signs of price gouging during the event being held from August 28 to September 14. Two of the…
