Picture courtesy of KhaoSod
After a dazzling run, gold prices have taken a nosedive in Thailand, with gold ornaments now pegged at 44,100 baht per baht weight.
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Picture courtesy of KhaoSod
After a dazzling run, gold prices have taken a nosedive in Thailand, with gold ornaments now pegged at 44,100 baht per baht weight. The Gold Traders Association (GTA) reports a 300 baht drop from yesterday, October 23, putting an end to the recent upward streak.
As of 9.06am today, gold bullion is fetching 43,500 baht to buy and 43,600 baht to sell per baht weight. Meanwhile, 96.5% purity gold ornaments are being snapped up for 42,720.88 baht but hitting the market at 44,100 baht. The global scene isn’t faring much better, with the spot price resting at US$2,723.50 per ounce, KhaoSod reported.
Yesterday was quite the rollercoaster with prices spiralling upward before today’s dramatic plunge. The constant tinkering by the GTA highlights the market’s fickle nature, swayed by global economics, currency whims, and investor…