Gold continues to surge, gold jewelry hits 41,150 baht

Bangkok, The price of gold continues to surge, increasing another 400 baht, gold jewelry reaching 41,150 baht, a new record high.

Gold Traders Association Announcement of the gold price on April 8, 2024, 1st time at 9:07 a.m. (market opening) increased by 100 baht. Gold bars are bought back at 40,250.00 baht/baht of gold and sold out at 40,350.00 baht/baht of gold, while gold jewelry is bought. Returned 39,522.12 baht/baht of gold and sold out 40,850.00 baht/baht of gold.

And at 10:46 a.m., gold prices have changed 12 times, including a 400 baht increase. The 12th time, gold bars bought at 40,550.00 baht/baht of gold and sold out at 40,650.00 baht/baht of gold, while gold jewelry was bought at 39,825.32 baht. /baht of gold and sold out at 41,150.00 baht/baht of gold, making a new all-time high.

The price of gold in Thailand has increased in line with the world gold price trend. There are factors from the trend of lowering interest rates by the US Federal Reserve (Fed) as well as the buying power of gold f
rom central banks around the world due to geopolitical risks in Russia and the Middle East. and strong purchasing power of gold from China.

Source: Thai News Agency