Bangkok, The price of gold, less than an hour after the market opened, has been reduced by 100 baht. Gold jewelry is selling for 37,150 baht per baht, gold bars are selling for 36,650 baht per baht.
The Gold Traders Association reports today’s gold price, March 18, 2024, announced for the first time (market opening) at 9:07 a.m., down 50 baht, compared to the one-time announcement of the gold price on Saturday, which dropped 50 baht. Baht, gold jewelry is sold at 37,150 baht per baht, gold bars are sold at 36,650 baht per baht.
And at 9:57 a.m., the second announcement was reduced by another 50 baht. Gold ornaments were sold at 37,100 baht per baht, gold bars were sold at 36,600 baht per baht.
Last week, gold was able to rise to a new all-time high, gold bars at 36,750 and gold jewelry at 37,250 baht.
Spot gold price this morning moved at the level of 2,152.50 US dollars and the second time it was at the level of 2,149 US dollars.
Gold prices fell, pressured by the strengthening dollar. It is expected t
hat the US Federal Reserve (Fed) will keep interest rates high for a long time following the release of higher-than-expected US inflation data last week.
Source: Thai News Agency