The Gold Traders Association reported an increase in gold prices in Thailand today, with gold bullion trading at 32,650 baht per baht, up 50 baht in comparability with the closing worth of yesterday. Gold bars are being bought at 32,050 baht and bought at 32,a hundred and fifty baht.
Recording an increase in gold prices at present, the Gold Traders Association stated that gold ornaments had been trading at 32,650 baht per baht. This signifies an increase of fifty baht in comparability with the closing price yesterday. At Roadmap am right now, the website of the Gold Traders Association (also known as the Gold Traders Association) revealed this information.
Local gold bars now have a purchase price of 32,050 baht per baht and a selling worth of 32,a hundred and fifty baht. On the other hand, 96.5% purity gold ornaments are purchased at 31,472.sixteen baht per baht and offered at 32,650 baht. Additionally, the global gold spot price stands at US$1,954.50 per ounce. These pricing particulars were announced within the first update of the day on 31 May.
To summarise the gold costs for at present, within the first announcement: Gold bars:
Gold ornaments:
Earlier this month, the World Gold Council (WGC) revealed that the worldwide demand for gold from traders is witnessing a rise as a result of instability in the banking sector, geopolitical tensions, and a difficult economic surroundings, prompting individuals to show to the dear steel as a safe-haven asset.
The WGC’s most recent Gold Demand Trend report revealed that demand for gold bars and coins rose by 15% year-on-year to 1.9 tonnes within the first quarter of 2023 from 1.6 tonnes a 12 months prior. Meanwhile, home jewelry demand skilled a 6% decline during the identical period, down to 2.1 tonnes..