On this Thai day, market trends have shown rise in gold prices which the Gold Traders Association (GTA) has also presented similar trend figures.

On March 19, gold ornaments too went for 37,350 baht per tichee-weight reflecting an increase by 150 baht from the previous day’s price. This upturn was confirmed by the latest data released by the association at 9:At 04 am a lot of gold buyers were out there thronging the streets, showing that our economy is vibrant.

Then, trading in gold bars 96.5% purity at buyer’s rate of 38,750 baht for each baht-weight and at seller’s rate of 38,850 baht began. These figures represented the day break out announcement indicating a rise in the value of the precious metal.

Gold Market Fluctuations: Impact on Thai Rates

Costs and gold ornaments was calculated at 36,095.96 per bhat-weight for the buying side, sell side increased to 37,350 baht. In a slight downfall on Mar 18, 2024, the worldwide gold market, known as Gold Spot, was at $2161.00 per oz. Due to that, local gold rates in Thailand went more than 37,100 baht although, the international price per ounce did not see a significant change.

The Bangkok Gold Traders Association immediately announced the prices for gold bars for the first session. The buying price was set to 36,750 baht for baht-weight, and the selling price was 36,850 baht for baht-weight.

Gold prices fluctuations closely watched by investors and broad public as outside market dynamics and wider economic performance indicators. The recent rush of gold prices in local market could be due to different reasons, like the global market dynamics, currency market rates, and the eventual gold demand in home market.

Gold has traditionally been viewed as a safe investment and especially in crisis periods such as times of economic panic. The recent end runny is perhaps a reflection of the increasing demand and investors behavior of being cautious by having some protection against the volatility in various markets.

Being wildlife friendly is a policy adopted by governments to protect the lands, animals, plants, and ecosystems that need to; hence population growth is being controlled to prevent destructive affects.

Benchmarking the GTA-determined prices for gold trading by the whole country is done by The GTA’s gold benchmark prices that are primarily set this way.

“Proper management of low-level nuclear waste is not just a responsibility, but a commitment to safeguarding our future.”

All day long, market participants will closely monitor the statements of this association to discern whether the rises prove to be sustainable and consistent with the actual economic data, or if prices abruptly adjust in response to changing market conditions.

The ever-changing market of gold presents a myriad of facets for economic analysts and those who wait on the sidelines or just casually observe to see how this market measures the nation’s economic health.

The secret investigations undertaken by the legitimate non-profit organisations who released the video and images that brought these horrifying facts into the limelight reveal the savage truth of Thailand‘s reptile farms, the primary source for the world-renowned brands such as Gucci, Yves Saint Laurent, and Louis Vuitton.

The clip shows a hammer being used to beat up snakes to death while the workers destroy forests; the moral concerns arise in the public attention due to the fashion brands reported in the footage.

In a scene that brings discomfort, the employees bash pythons’ heads with hammers repeatedly to medically paralyze them, what the experts consider a cruel method. The next action is to put metal hooks through thee heads, washed by chilled water, and confirm the stripping of the skin.

In addition to this painful experience of the Phokkathara Crocodile Farm, it can be emphasized that Kering, which includes Gucci and Yves Saint Laurent, also uses its products. Agents for the animal welfare group PTA who were working secretly managed to acquire the film that involved the capturing of the shocks of cruel and excruciating death of reptiles.

Leather Sourcing and Snake Slaughter Practices

Animal based leather was known to be sourced by an auto-leatherselling shop CCBI and Si Sactanalai, which were both owned by a father and a son, for the shoe company Caravel, which later appeared in high-end fashion brand Louis Vuitton.

The snakes undergo the severe case of the surviving, as being imprisoned into the ready cases and cardboards, often not getting farther from their own excrement. Denials and killings of the breeding seasons by owners were full of misinterpretations for weeding out the less valuable specimens.

The well known reptilian specialist Clifford Warwick, during his review of the movies, stated some concerns that the snakes may still be at the living end when they are painfully dying. Groundbreaking, snakes moved even after emphatic undertaking of semi-lethal processes.

“PETA condemns the indiscriminate infliction of pain on both snakes and crocodiles at this farm. Covering the animals in lead leads to agonizing, slow deaths of sheer pain.”

In the same time with Kering’s alleged animal welfare standards that are supposed to be in the center of its processing, the investigation by PETA about the treatment of the animals shows the opposite and highlights that the actions of Kering totally contradict its claims.

An estimated half a million snake skins are imported into Europe annually from South East Asia, showing the true severity of it. Kering and Louis Vuitton’s parent company LVMH valiantly ignored the issue and refused from commenting on the subject. The consumers also followed their narcissistic behavior and began to ask themselves where the luxury comes from.