Gold Prices Fall Sharply on July 28
Gold prices dropped sharply on July 28, with ornamental gold trading at 65,400 baht per baht weight, though traders expect a recovery of 1,000-2,000 baht when markets reopen.
The Thai Gold and Silver Dealers Association reported that gold prices on July 28, 2569 have fallen sharply compared to the previous day's closing. Ornamental gold is selling at 65,400 baht per baht weight. Gold bullion bars are trading at 64,400 baht per baht for buying and 64,600 baht for selling according to the first announcement. For 96.5% ornamental gold, the buying price stands at 63,111.08 baht per baht and the selling price at 65,400 baht. International gold spot prices are at 4,047 US dollars per ounce. Gold traders predict that tomorrow's market opening will see prices surge by 1,000-2,000 baht per baht weight, potentially breaking through the 80,000 baht barrier.
