Small Increase in Thai Gold Prices, Currently at 37,900 Baht per Baht-Weight

Thai gold prices have seen an Increase in Thai Gold Prices, drawing the interest of potential buyers and investors. According to the latest report from the Gold Traders Association (GTA), the cost of gold ornaments has risen by 50 baht compared to previous prices, signaling a modest uptick in the market value of this precious metal.

As per the GTA’s website update at 9.09 am today, March 25, the selling price for gold ornaments has been set at 37,900 baht per baht-weight.

This standard unit of measurement in the Thai gold trade, equivalent to 15.244 grams, reflects the recent fluctuations in the dynamic gold trading landscape, closely monitored by enthusiasts and industry professionals alike.

In addition to gold ornaments, gold bars, renowned for their higher purity compared to ornaments, have also undergone price adjustments.

The buying price for gold bars stands at 37,300 baht per baht-weight, while the selling price slightly edges higher at 37,400 baht. These prices are applicable to gold bars with a purity level of 96.5%, commonly found in the Thai market.

For gold ornaments of the same 96.5% purity, the purchase price is noted at 36,626.56 baht, with the selling price set at 37,900 baht. These figures, specific to today, are part of the ongoing fluctuations in gold prices influenced by various factors, including global economic trends, currency values, and market demand.

In the global sphere, the Gold Spot price, representing the current buying or selling price of gold at a specific time and place, was noted at 2,176.50 US dollars per ounce. This figure serves as a crucial benchmark for international markets, especially for participants engaged in the global trade of this precious metal.

The Gold Traders Association (GTA) regularly announces the buying and selling prices for both gold bars and ornaments in the Thai gold market.

These announcements play a vital role in maintaining transparency and aiding traders,

As well as the general public, in making well-informed decisions regarding their gold-related transactions.

To provide clarity, the initial price announcement for gold in Thailand today, March 25, is as follows:

Gold bars:

• Buying price: 37,300 baht per baht-weight
• Selling price: 37,400 baht per baht-weight

Gold ornaments:

• Buying price: 36,626.56 baht per baht-weight
• Selling price: 37,900 baht per baht-weight

It’s anticipated that these figures will fluctuate based on both local and international market conditions.

Stakeholders in the gold market will be closely observing any subsequent changes. The slight rise in gold prices today hints at a potential trend of increasing value, presenting an opportune moment for investors to explore their options in the gold market, as reported by KhaoSod.