Gold Prices Today May 16, 2026 - Another Drop Announced
Gold prices dropped 100 baht per gram on May 16, with ornamental gold trading at 71,200 baht per gram according to the Gold Traders Association.
Gold prices for May 16, 2026 have fallen another 100 baht compared to May 15's closing price, with ornamental gold selling at 71,200 baht per gram. According to the latest data from the Gold Traders Association published at 9:00 AM, gold bars are being bought at 70,200 baht per gram and sold at 70,400 baht per gram. For 96.5% ornamental gold, the buying price is 68,796.08 baht per gram with a selling price of 71,200 baht per gram, while the global gold spot price stands at $4,540.00 per ounce.