Gold Prices Fall After Recent Surge
Gold prices dropped 350 baht per gram on August 10, falling to 68,350 baht per gram, though traders predict a surge above 80,000 baht when markets reopen.
Gold prices fell on August 10, 2569, according to the Thai Gold Traders Association announcement. Ornamental gold prices declined 350 baht per gram from the previous day's close, selling at 68,350 baht per gram based on the association's latest data published at 9:03 a.m.
Gold bars are currently trading at 67,350 baht per gram for purchases and 67,550 baht per gram for sales. Ornamental gold (96.5% purity) is trading at 66,006.64 baht per gram for purchases and 68,350 baht per gram for sales. Global gold prices (Gold Spot) stand at $4,323.00 per ounce.
Gold traders predict prices may surge 1,000-2,000 baht per gram and break through the 80,000 baht level when markets open tomorrow. Gold retailers offer guidance on the best timing for purchases, citing various market trend factors.
