Gold Prices Drop Sharply on July 17
Gold prices dropped 600 baht per baht-weight on July 17, with ornamental gold falling to 64,300 baht as global spot prices declined to $3,987 per ounce.
Gold prices fell sharply on July 17, 2025, according to the Thai Gold Traders Association. Ornamental gold (96.5%) dropped 600 baht per baht-weight to a selling price of 64,300 baht, down from the previous day's close on July 16. The association released the updated pricing at 9:01 a.m. Gold bars are trading at 63,300 baht per baht-weight for buying and 63,500 baht for selling, while ornamental gold (96.5%) trades at 62,034.72 baht for buying and 64,300 baht for selling. The global gold spot price stands at 3,987.00 U.S. dollars per ounce. Gold traders predict the market may rebound by 1,000 to 2,000 baht per baht-weight tomorrow, potentially reaching 80,000 baht.
