Gold holds its ground: Steady prices shine in market update

[snoop1130]

 

Gold prices remained steady today according to the Gold Traders Association‘s opening market update, with the price of gold ornaments set at 32,650 baht per baht-weight.

 

The price of gold bars in the country was also unchanged, with the buying and selling rates at 32,050 baht and 32,150 baht per baht-weight respectively. Meanwhile, 96.5% pure gold ornaments were bought for 31,472.16 baht and sold for 32,650 baht per baht-weight.

 

The international gold price, or Gold Spot, stood at US$1,844.00 per ounce.

 

In summary, the gold prices for October 2, 2023 (Thai year 2566) are as follows:

 

• Gold bars: buying at 32,050 baht, selling at 32,150 baht per baht-weight.
• Gold ornaments: buying at 31,472.16 baht, selling at 32,650 baht per baht-weight.

 

These prices were announced at 9.26 am, and were unchanged from the closing prices of the previous day, Khaosod reported.

 

Full story: The Thaiger 2023-10-02

 

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[bkk6060]

Spot is down about 10% since May with some predictions it will go lower.

 

[StayinThailand2much]

1 hour ago, bkk6060 said:

Spot is down about 10% since May with some predictions it will go lower.

Down in price today too. Thai gold seems to have separate pricing from world markets...

[mania]

8 hours ago, StayinThailand2much said:

Down in price today too. Thai gold seems to have separate pricing from world markets...

Same pricing as world markets aka:Spot Price

 

But this article may be written a day or so before

 

 

[pacovl46]

It's just amazing what a global financial crisis and a virus can do. Back in 2003 one Baht of gold was 6250 Baht and up until 2008, just before the crisis, the price had only crept up to about 6850 Baht. Now it's almost 5 times as much. 

Edited October 3, 2023 by pacovl46