webfact Posted April 16 Share Posted April 16 Gold prices reached a new high today, with the Gold Traders Association (GTA) reporting a significant increase to 42,050 baht per baht weight, marking a historic surge. In a remarkable shift, gold ornament prices soared by 600 baht compared to the previous day’s closing figures. The GTA website showed that as of 9.02am, domestic gold bars were purchased at 41,450 baht per baht-weight and sold at 41,550 baht. This initial announcement set the tone for the trading day, indicating a robust start for gold transactions. In terms of gold ornaments, which consist of 96.5% gold, the buying price was set at 40,704.60 baht per baht-weight, with a selling price of 42,050 baht. The spot gold price on the global market stood at 2,384.00 US dollars per ounce. This jump in gold prices follows an upward trend from the close of business on April 12, where a 600 baht increase was immediately apparent upon the market’s opening this morning, reported KhaoSod. The surge in gold prices today not only broke records but also pushed the benchmark beyond the 42,000 baht threshold. To summarise the prices on April 16: gold bars were bought at 41,450 baht and sold at 41,550 baht per baht-weight, while gold ornaments were bought at 40,704.6 baht and sold at 42,050 baht per baht-weight. In related news, gold prices in Thailand skyrocketed, setting a new all-time high record, reflecting a sharp increase of 750 baht from the previous day’s closing rate. The surge occurred amidst volatile market conditions, with the GTA announcing five price changes within the first 35 minutes of the trading day, starting with an initial hike of 700 baht at 9am. The second announcement saw an additional increase of 50 baht, pushing the selling price of 96.5% pure gold bars to 41,200 baht and the buying price to 41,100 baht. The price for gold ornaments was set at 41,700 baht for selling and 40,355.92 baht for buying. by Nattapong Westwood Picture courtesy of Jingming Pan, Unsplash Source: The Thaiger 2024-04-17 Get our Daily Newsletter - Click HERE to subscribe Link to comment Share on other sites More sharing options...
hotchilli Posted April 16 Share Posted April 16 Some will be eyeing granny's inheritance.... Link to comment Share on other sites More sharing options...
ronster Posted April 17 Share Posted April 17 Why has the value rocketed ? Wife told me that some TV star sold his Lamborghini and then went and bought gold with the 20 million bht. He then sold it about 2 months later making 1.8m bht profit. 1 Link to comment Share on other sites More sharing options...
nobodysfriend Posted April 17 Share Posted April 17 3 hours ago, webfact said: the buying price was set at 40,704.60 baht per baht-weight Time to start digging ... But really , Gold is to be found in electronic waste like cellphones , computers etc ... it just has to be extracted . Does Thailand do recycling of electronics ? May be time to start this ? 1 Link to comment Share on other sites More sharing options...
john donson Posted April 17 Share Posted April 17 what goes up, must come down... poor thais better find the best option to sell before it goes down again I have zero BTC but look forward to the fall... when at 600k really wanted to buy a few, but bitks.h.i.t did not allow me after pages of personal info filled 1 1 Link to comment Share on other sites More sharing options...
whiteman Posted April 17 Share Posted April 17 TODAY IT IS AT 41540 Link to comment Share on other sites More sharing options...
NativeBob Posted April 17 Share Posted April 17 BTC is 62-something Time to buy some. I will 1 Link to comment Share on other sites More sharing options...
cowellandrew Posted April 17 Share Posted April 17 Luckily my wife tells me her gold is in the wardrobe, Funny I've not seen it in 25 years! 😰 1 Link to comment Share on other sites More sharing options...
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