THAI GOLD PRICE TODAY
Spot Price
24 hour Thai Baht price per Baht

24 hour (New York) Thai Baht price per Baht

Spot Price
24 hour Thai Baht price per Troy Ounce

24 hour Thai Baht price per Kilogram

3 September 2014
Buy: ฿19250
Sell: ฿19350

Last Update: 2014-09-03 09:30

Price Change: -100


Thai Gold Price Live Chart
Recent Price Change
No. Buy ฿ Sell ฿ Change Date
11925019350-100 2014-09-03 09:30

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Gold plunges to below US$1500

Posted by admin on 2013-04-13 09:57:38 ICT

The price of gold plunged this Friday by 5 percent and closed at US$1477 (฿20,300 per baht) , it fell to its lowest levels since July 2011, hurt by a draft plan for Cyprus to sell gold reserves as part of its bailout by international lenders.

Gold traders association in Thailand have not announced their local prices this Saturday morning as they remain closed for the long holiday weekend for Songkran (Thai new year) which will last till Tuesday (13th to 16th April).

Gold is now some 22 percent below the record peak of $1,920.30 an ounce set in September 2011.
 
"The scale of the decline has been absolutely breathtaking. We tried to rally and that just didn't get anywhere ... there hasn't been any downside support, it's like a knife through butter," Societe Generale analyst Robin Bhar said.
 
"Could it retest $1,300 or $1,200 on a short-term technical basis? Absolutely yes," said Geoffrey Fila, associate portfolio manager at Galtere Ltd, a commodities-focused hedge fund in New York with about $600 million under management.
 
"If Cyprus can break the gold market, then (there are) many reasons to be worried, with Slovenia, Hungary, Portugal, Spain and Italy in line," said Milko Markov, an investment analyst at S.K. Hart Management.

Gold hits six-month high on QE3 from U.S. Fed

Posted by admin on 2012-09-14 09:36:03 ICT

Gold rose sharply yesterday by 2% to hit six-month high of US$1770 (฿25,800 per baht). The gold became bullish after the U.S. Federal Reserve announced quantitative easing (QE3) saying it would buy $40 billion of mortgage-backed debt each month until the U.S. jobs improved its outlook, as long as inflation remained contained.

Gold falls by 2% to below $1600 on US Fed

Posted by admin on 2012-06-08 08:41:05 ICT

Gold dropped to a week-low hitting US$1585 (฿23,800 per baht) after the U.S. Federal Reserve Chairman Ben Bernanke disappointed investors by giving few clues that further monetary easing was imminent taking the shine off gold. Gold will continue to stay below US$1600 unless the U.S. Federal Reserve take a different course.

Gold falls to lowest this year on Greek turmoil

Posted by admin on 2012-05-16 08:28:17 ICT

Gold has dropped to its lowest point this year as the Greece crisis continues to weaken the Euro. Gold declined by 0.2 percent to $1544 (around ฿22,950 per baht gold). The Euro fell to a four-month low and global stocks dropped as Greece decided to hold new elections that raised concerns about Greece exiting the Euro zone. Investors thus turned to the safe-haven dollar.

Gold slumps to near US$1600

Posted by admin on 2012-05-09 08:17:01 ICT

Gold suffered its sharpest daily decline in more than two months and slumped to a four-month low after falling by 2% to $1,595.50 (around ฿23,450 per baht). Fears about the political crisis in Greece and bailout plan sent jitters to the financial market effecting euro and the bullion market.

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Gold Futures Trading in Thailand

Posted by admin on 2012-04-23 22:57:17 ICT

Currently there are 6 gold companies with gold futures brokerage license on the Thailand Futures Exchange (TFEX); they are:

Ausiris Futures Co., Ltd.
Classic Gold Futures Co.,  Ltd.
GT Wealth Management Co., Ltd.
Hua Seng Heng Gold Futures Co., Ltd.
MTS Gold Futures Co., Ltd.
YLG Bullion & Futures Co., Ltd.

Remark:

The Thai gold market opens at 9.00 AM and closes at 5.30 PM ICT (Indochina Time) every weekday

The market remains closed on Saturday, Sunday and public holidays.

The End of Day (EoD) price of International Bullion market of Friday is updated on Saturday morning ICT

Thai market prices may have a delay of upto 15 minutes from the International Spot Price

We take no responsibility for the accuracy of any data shown on this site, however we do our best to provide accurate and timely data

1 Baht gold = 15.244 grams (raw bullion) or 15.16 grams (jewellery)

Thai Gold has a standard purity of 96.5% (23 carat)

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