Gold prices in Thailand have soared to unprecedented levels, with gold jewelry now priced at a record 45,900 baht per baht-weight, as global trade tensions escalate. This surge, marking the third consecutive day of price increases, comes in the wake of rising tariffs between the U.S. and China.
The Gold Traders Association reported its first price update at 9:02 AM today, with gold jewelry prices climbing by 150 baht, hitting an all-time high of 44,343 baht per baht-weight for buying and 45,750 baht for selling. By 10:28 AM, the price surged even further, reaching 45,900 baht per baht-weight for gold jewelry.
This price spike comes amidst a backdrop of volatile market conditions, as gold bullion saw an increase to 45,300 baht for buying and 45,400 baht for selling. The price for gold jewelry continued its ascent, with buying prices reaching 44,479.44 baht and selling prices hitting 45,900 baht per baht-weight.
This marks the third consecutive day of record-breaking prices for gold in Thailand. On Monday, February 4, the price of gold was adjusted 13 times, increasing by a total of 150 baht.
In global markets, spot gold surged to $2,843 per ounce this morning, with U.S. COMEX gold futures closing at an all-time high of $2,875.80 per ounce, fueled by heightened demand for gold as a safe-haven asset amidst the intensifying U.S.-China trade conflict.
As these developments unfold, jewelry enthusiasts and investors alike are closely monitoring the volatile gold market, as prices continue to set new records.
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