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

[snoop1130]

 

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 for 33,550 baht per baht. The 96.5% pure gold ornament is currently being bought for 32,942.68 baht per baht and sold for 34,150 baht per baht.

 

Meanwhile, the global gold spot price stands at 2,029.50 dollars per ounce.

 

Today’s gold price comparison is as follows: Gold bars are being bought at 33,550 baht per baht and sold at 33,650 baht per baht. Gold ornaments are being bought at 32,942.68 baht per baht and sold at 34,150 baht per baht, said a representative from the GTA.

 

By Nattapong Westwood

Caption: PHOTO: via Wikimedia Commons

 

Full story: The Thaiger 2024-01-11

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

[connda]

Gold goes from 18K to almost 34K since Spring 2020. 

Then today.

OMG!!!  LOOK!!! GOLD HAS GONE UP-Down-Sideways 50 THB.   Big whoop.

Edited January 11 by connda

[StayinThailand2much]

3 hours ago, connda said:

Gold goes from 18K to almost 34K since Spring 2020. 

Then today.

OMG!!!  LOOK!!! GOLD HAS GONE UP-Down-Sideways 50 THB.   Big whoop.

 

Yeah, I even thought I'm seeing things double today. But the exact post can indeed be found here twice!

 

50 baht is a small fraction of one percent, following international pricing. Why such minor price changes need to be reported all the time is beyond me.

 

Edited January 11 by StayinThailand2much