Gold prices in Thailand surged again on 29 January 2026, breaking decisively above 80,000 baht per baht-weight. Analysts say momentum remains strong, driven by global tensions and market speculation.

According to an analysis by Hua Seng Heng Gold Futures, global gold prices rose after US President Donald Trump posted a message on Truth Social on Wednesday, threatening a large-scale naval attack on Iran if it refuses to return to nuclear negotiations.

In response, Mohammad Akbarzadeh, a commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), said Iran is ready to control the Strait of Hormuz by land, sea, and air. He warned that any country supporting actions against Iran would be treated as an enemy.

Despite geopolitical tensions, the US dollar index (DXY) rebounded the same day, rising to 96.33 from 95.56. The 10-year US Treasury yield also climbed for a second day, reaching 4.24% from 4.21%, following the FOMC meeting, where the Federal Reserve voted 10–2 to hold the short-term interest rate at 3.50–3.75%.

Fed Chair Jerome Powell avoided giving forward guidance on interest rates, stressing that decisions will depend on economic data. He said inflation risks remain tilted to the upside, while downside risks to employment have eased. Meanwhile, the SPDR Gold Trust bought 2.58 tonnes of gold, bringing total holdings to 1,089.96 tonnes.

Gold price outlook – Hua Seng Heng

• Global gold tested resistance at USD 5,550–5,600 before pulling back

• Short-term support seen at USD 5,420

• A break below USD 5,300 could trigger a short-term correction

• Thai gold prices track global moves, with the baht trading sideways

• Strategy:

  • Sell near resistance at 81,800 baht

  • Buy near support at 80,500 baht

  • Cut losses if prices fall below 79,000 baht

MTS Capital analysis

MTS Capital reported that gold hit a new all-time high near USD 5,600, while Thai gold prices surged past 80,000 baht per baht-weight, confirming a strong uptrend.

However, most technical indicators show gold is now overbought, after Thai prices rose sharply over just five trading days with almost no consolidation.

• Short-term caution advised due to high volatility

• Global gold:

  • Support: USD 5,450–5,400

  • Resistance: USD 5,600–5,650

• Thai gold:

  • Support: 80,000 baht

  • Resistance: 82,500 baht

  

Adapted by ASEAN Now from Source 2026-01-29

 

 

Wow - i looked what only feels like a couple of days ago and it was 74K, i'm guessing a week or so...

I used to have 1.5kg of thai gold but sold it during Brexit when it shot up, sure wish i'd kept it now!

For individuals, definately not the right time to buy obviously, but to sell.

But for investors, and alternative would be to massively buy Swiss Francs (CHF) that are the usual refuge in troubled times for institutionnal investing.

Just now, Sigmund said:

Definately not the right time to buy obviously

People said this when it breached 40K baht per baht.... food for thought.

1 minute ago, PJ71 said:

People said this when it breached 40K baht per baht.... food for thought.

2 minutes ago, PJ71 said:

People said this when it breached 40K baht per baht.... food for thought.

Very true, but I don't have that a reckless nerve to put in anybit of my humble savings in something as volatile as gold is currently. I prefer the old school practice of rushing in the Swiss Franc, each time any american president has got or gets trigger happy.

No one knows where it will end, but I have read that these high prices have already forced some gold shops to close.

I also saw reports that if you want to sell gold, you have to wait one to two weeks before you get paid.

1 minute ago, Peterphuket said:

I also saw reports that if you want to sell gold, you have to wait one to two weeks before you get paid.

Hmmm, that's interesting.

That was always the draw in this country is that it was easy to change gold to cash on the spot.

Yes the Swiss Franc that is manipulated, I mean managed by the Swiss National Banc.

Definitely volatility in Gold. Central Banks are still planning to buy a considerable amount of Gold as they de-risk from the US Dollar and treasuries. Most investors Buy high and sell low.

If you buy ANY investment you should be calculating your risk tolerance, making multiple purchases when supported, take some profits along the way and have an exit plan.

Just realize when any asset price that has risen quickly starts to depreciate/momentum shifts the Institutional investors will sell, take some profits which crushes most individual investors.

42 minutes ago, J Branche said:

Yes the Swiss Franc that is manipulated, I mean managed by the Swiss National Banc.

Definitely volatility in Gold. Central Banks are still planning to buy a considerable amount of Gold as they de-risk from the US Dollar and treasuries. Most investors Buy high and sell low.

If you buy ANY investment you should be calculating your risk tolerance, making multiple purchases when supported, take some profits along the way and have an exit plan.

Just realize when any asset price that has risen quickly starts to depreciate/momentum shifts the Institutional investors will sell, take some profits which crushes most individual investors.

It is quite possible that the Swiss franc has been manipulated, but as a European, I still prefer it ten times more than the euro.

Damn, and I just sold the last of mine @ 60+K ☹️

Though I did buy it @ 3k or less, so can't cry too much. Took 25+ years for the ROI, though not bought for investment, just don't wear any more and sitting in a box.

Gold will go higher with the news of Japan beginning 5 trillion exit from US assets.

This is largely being driven by an extreme lack of confidence in the US dollar which is being caused by very reckless policies on the part of Trump, and an apparent attempt to devalue the dollar. Perhaps he expects that this will help with the trade imbalance, but with such an ignorant and moronic mind nobody ever really knows with him or his very hapless and untalented administration.

1) You'll not be able to sell at the spot price, likely a large discount to it.

2) If you're holding gold in Thailand and suddenly need to leave, how do you plan to get it out?

3) If you're relocating from outside Thailand and holding gold, how do you plan on getting it into Thailand?

4 hours ago, Sigmund said:

Very true, but I don't have that a reckless nerve to put in anybit of my humble savings in something as volatile as gold is currently. I prefer the old school practice of rushing in the Swiss Franc, each time any american president has got or gets trigger happy.

Do as you feel best. The future cannot be foretold with certainty. But gold is not truly volatile at present. It has occasional pull-backs. That is normal. But higher lows, and higher highs. The trend is likely to continue.

If price too high, think of silver. In 'normal' times that can be very unpredictable (volatile), but recently, percentage-wise, it has been outperforming gold. Because of various factors, including intense industrial demand and dwindling supplies, it is likely to climb much higher.

Precious metal miners are an even better bet in present conditions. But avoid the exploration companies unless you really know what you are buying, and are prepared to gamble. And bear in mind that certain countries may decide to nationalise their mineral resources.

6 minutes ago, John Drake said:

1) You'll not be able to sell at the spot price, likely a large discount to it.

2) If you're holding gold in Thailand and suddenly need to leave, how do you plan to get it out?

3) If you're relocating from outside Thailand and holding gold, how do you plan on getting it into Thailand?

It's not that difficult, you know. I've brought it in and taken it out several times. Of course, there's always a risk, but so far I've always managed it.

4 minutes ago, ericbj said:

Do as you feel best. The future cannot be foretold with certainty. But gold is not truly volatile at present. It has occasional pull-backs. That is normal. But higher lows, and higher highs. The trend is likely to continue.

If price too high, think of silver. In 'normal' times that can be very unpredictable (volatile), but recently, percentage-wise, it has been outperforming gold. Because of various factors, including intense industrial demand and dwindling supplies, it is likely to climb much higher.

Precious metal miners are an even better bet in present conditions. But avoid the exploration companies unless you really know what you are buying, and are prepared to gamble. And bear in mind that certain countries may decide to nationalise their mineral resources.

I have mentioned this several times here. When I first came to Thailand about 30 years ago, a weight of Thai gold was 5,000 baht, and I have taken advantage of that to this day.

Gold tanked by about 10% at one point yesterday....getting very volatile out there which would be kind of normal I guess after an epic run up like this. It's correcting.

Sell America baby!

2 hours ago, Peterphuket said:

It's not that difficult, you know. I've brought it in and taken it out several times. Of course, there's always a risk, but so far I've always managed it.

It may be alright taking that risk for small values of bullion, and depending what borders you are crossing. (I believe I have read somewhere of people entering the U.S. having gold coins confiscated).

If considering a real emergency-reserve or a store-of-value buy from a dealer who can arrange storage with a reputable precious-metals vaulting company, such as Loomis, legally ALLOCATED TO YOU (in your name) and, if individual items (coins or small bars). SEGREGATED. The vaulting company must have regular independent audits.

You buy from the dealer, and if required he arranges storage with the vaulting company; and the storage + insurance charges (typically trimestrial) are paid by him on your behalf, out of a cash balance you hold with him. He will normally e-mail you a detailed monthly statement of your holdings showing items, quantities, individual values and total value at current spot-price; and cash balance remaining.

Never have your gold stored by the dealer. That is how many Thais lost their gold at the time of the '97 Crisis.

In terms of value stored, silver is vastly more expensive to vault than gold.

When you wish to sell, you can sell through the dealer.

Alternatively you can, by arrangement, take delivery. If you think you may in future wish to take delivery, best to have vaulted in your part of the world, in a secure jurisdiction. Such as Singapore for South-East Asia.

Your bullion account is linked to one particular bank account, and for security reasons changing this bank account is not something that can be done at the drop of a hat. So choosing it needs forethought.

For quick and easy purchase, storage + insurance, and sale, it may be worth considering purchasing a tiny fraction of an LBMA Good-Delivery Bar through a firm called Bullionvault. Your gold, silver, platinum or palladium will be ALLOCATED, but obviously not segregated. You cannot take delivery (unless you own a huge amount). There is a choice of locations for storage. (despite their name, they do not themselves vault the metal)

Purchase and sale can be made either directly with them or via a continuous auction hosted on their website. In the latter case you can see the buy- and sell-prices being offered and requested, yet to be fulfilled; and can thus judge what price you wish to offer or ask. Wnen you sign up they give you 4 grams of silver to sell (or keep) to get the hang of things. Their website has some useful documentation; and is available in English, French and German.

9 hours ago, Peterphuket said:

It's not that difficult, you know. I've brought it in and taken it out several times. Of course, there's always a risk, but so far I've always managed it.

And what happens if you get caught? This is the downside of needing to carry on your person clunky heavy rocks.

10 hours ago, Peterphuket said:

It's not that difficult, you know. I've brought it in and taken it out several times. Of course, there's always a risk, but so far I've always managed it.

Of course you have.

At that price, people are playing the lottery, good luck!

On 1/29/2026 at 7:03 PM, Sigmund said:

For individuals, definately[sic] not the right time to buy obviously, but to sell.

The chances are high that Trump does yet another thing or three to make the world nervous, and that drives up the price.

With silver in 1980 at the peak all the family

Silver came out of the bottom draw and

sold for scrap.

The metals market is being heavily manipulated at the moment, especially silver. Jumped to $121 in a few days then back to $84 in a few hours. Margins being increased within hours. Someone in the big banks cough JPM is taking us for a ride.