News Forum - Thailand’s gold prices hit dazzling new high, breaking 37,000 baht mark

[Thaiger]

Gold prices continue to surge in Thailand, with the cost of gold ornaments breaking the 37,000 baht mark for the first time. The Gold Traders Association (GTA) reported a significant increase compared to the previous day’s rate, where the selling price of gold ornaments reached 37,100 baht per baht-weight as of the latest update on … …

The story Thailand’s gold prices hit dazzling new high, breaking 37,000 baht mark as seen on Thaiger News.

Read the full story

[SnapDragon]

Is the price not 'fixed' by the Americans?

[Guest1]

30 minutes ago, SnapDragon said:

Is the price not 'fixed' by the Americans?

In US $, perhaps.

Just the FX rate is 't (yet?)

[MrStretch]

Is gold rising or the baht falling?  Methinks it's more of the latter.

[Paulw]

This time last year it was USD low to mid 60's, its floated around mid 60's for most of the last 12 months , the high of USD70 yesterday so will be interesting to see if it continues to rise or stabilises!