Drastic drop in Thai gold prices today following recent surge

[snoop1130]

 

Gold prices in Thailand have plummeted drastically today following a continuous surge, according to the Gold Traders Association. The price of gold ornaments fell by 250 baht compared to the last price yesterday, selling at 34,450 baht per baht-weight.

 

The buying price of gold bars in the country stands at 33,850 baht per baht-weight and the selling price is 33,950 baht per baht-weight, according to the sixth announcement of the day. Meanwhile, the purchase price for 96.5% gold ornaments is 33,245.88 baht per baht-weight, selling at 34,450 baht per baht-weight. The global gold spot price is at US$2,034.50 per ounce.

 

To summarize the gold prices today, the buying price for gold bars is at 33,850 baht per baht-weight, selling at 33,950 baht per baht-weight. The purchase price for gold ornaments is 33,245.88 baht per baht-weight, selling at 34,450 baht per baht-weight.

 

In the fifth announcement, gold bars were bought at 33,900 baht per baht weight and sold at 34,000 baht per baht weight. Gold ornaments were bought at 33,291.36 baht per baht-weight and sold at 34,500 baht per baht-weight.

 

By Nattapong Westwood

Caption: PHOTO: via business today

 

Full story: The Thaiger 2023-12-05

 

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[delgarcon]

Hardly plummeting, it's normal for there to be a bit of profit taking after a series of gains.

[spidermike007]

A total over reaction. All metals fluctuate. Gold and silver have been climbing for a while. Corrections are totally normal. Unfortunately, bad journalism is too. 

[Mike Lister]

 fall of 0.7%, is not a drastic plunge.

[captnhoy]

Someone should compile a comprehensive list of just how many kinds of click bait there is.

[Krabi2111]

Another useless report from Thaiger news but somehow AsianNow manages to post it.  555