BANGKOK, Thailand – Gold prices in Thailand have surged for the third consecutive day, with gold jewelry reaching a record high of 45,900 baht per baht-weight, driven by escalating trade tensions as China retaliates against U.S. tariffs.
The Gold Traders Association announced its first gold price update of the day at 9:02 AM, reporting a sharp increase of 150 baht, setting a new all-time high. Gold jewelry was priced at 44,343 baht per baht-weight for buying and 45,750 baht for selling.
By 10:28 AM, prices had already been adjusted four times, rising a total of 300 baht to hit another record high. Gold bullion was being bought at 45,300 baht per baht-weight and sold at 45,400 baht, while gold jewelry was being bought at 44,479.44 baht and sold at 45,900 baht per baht-weight.
This marks the third consecutive day of record-breaking gold prices in Thailand. On Monday (Feb 4), gold prices were adjusted 13 times, with a total increase of 150 baht.
Meanwhile, spot gold prices surged to $2,843 per ounce this morning, while U.S. COMEX gold futures closed at a record $2,875.80 per ounce, up $18.70. The rally has been fueled by increased demand for gold as a safe-haven asset following China’s decision to impose tariffs on several U.S. imports in response to Washington’s tariff hikes on Chinese goods. (TNA)
