BANGKOK, Thailand – Gold prices in Thailand have surged to record highs, continuing a streak of all-time highs. The price of 96.5% gold in the domestic market rose by 150 baht per baht of gold, following global market trends.
As of 9:03 AM on March 21, the Gold Traders Association reported that gold bars were buying at 48,500 baht per baht and selling at 48,600 baht per baht, while gold jewelry was buying at 47,632.72 baht per baht and selling at 49,400 baht per baht.
Hua Seng Heng Gold Futures Company noted that gold prices reached a three-day high of $3,057 per ounce. Despite a stronger US dollar putting slight pressure on gold prices, geopolitical tensions and economic uncertainties, including tariffs, have continued to support gold. The forecast suggests that gold prices will remain in a sideways movement between $3,020 and $3,060 per ounce. The weaker baht is also driving up the price of gold bars in Thailand. Even with slight corrections in global gold prices, the overall trend is expected to remain upward, making it a good time for investors to “Let Profit Run.”
