Gold Prices Surge 1,750 Baht Amid 44 Intraday Swings
Thailand's gold prices jumped 1,750 baht per baht on November 4 after a volatile session that saw 44 price adjustments in a single day. The Gold Traders Association set the closing buy price for gold bars at 64,050 baht and the sell price at 64,250 baht, while ornament gold traded between 62,762.40 and 65,050 baht. The sharp swings underscore the intense activity in the domestic gold market.
The Gold Traders Association announced daily gold prices today (Nov 4) at 3:38 PM. Gold bars traded at 64,050 baht per baht for buying and 64,250 baht for selling, while gold ornaments bought at 62,762.40 baht and sold at 65,050 baht. Prices fluctuated continuously since market opening, adjusting up and down a total of 44 times, resulting in a net increase of 1,750 baht per baht, reflecting the still-hot gold market that requires close monitoring.