Gold Prices Drop Sharply in Thailand on October 3
Thailand's gold prices fell sharply on October 3, with jewelry selling at 66,700 baht per baht weight, down 500 baht from the previous day. The Gold Traders Association reported that gold bars traded between 65,700 and 65,900 baht, while the global spot price stood at 4,140 USD per ounce. Association leaders forecast a possible rebound of 1,000–2,000 baht tomorrow.
The Gold Traders Association announced the gold price update for October 3, 2026, noting a sharp decline of 500 baht from the previous day's close. Gold jewelry sells at 66,700 baht per baht weight. Gold bars are bought at 65,700 baht and sold at 65,900 baht per baht weight. For 96.5% gold jewelry, the buying price is 64,384.52 baht and selling price 66,700 baht per baht weight. The global spot gold price is 4,140.00 USD per ounce. The association's president expects prices to rise by 1,000–2,000 baht tomorrow, potentially exceeding 80,000 baht, and Huaseng Heng advises on when to buy gold based on market trends.
