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Global Gold Prices Plunge to $5,109 After Record High

Global Gold Prices Plunge to $5,109 After Record High

Matichon•International•252d ago

Reader Briefing

Global gold prices experienced a significant drop, settling at $5,109 per ounce after a recent surge to a new record high.

  • •Global gold prices fell sharply from a recent record high.
  • •The price dropped to $5,109.63 per ounce.
  • •Earlier, gold had reached a new all-time high above $5,545 per ounce.
  • •Thai gold prices adjusted multiple times, with gold bars buying at 81,400 THB and selling at 81,500 THB.

Overview

  • •On January 29, global gold prices reached a new record high above $5,545 per ounce.
  • •On January 30, global gold prices began to continuously fall from approximately 10:00 AM US time.
  • •Global gold prices fell to $5,111 per ounce by 10:45 AM US time.
  • •Reuters reported that global gold prices dropped by 5%, closing at $5,109.63 per ounce.
  • •Investors are preparing for significant drops in global gold prices.
  • •Thai gold prices adjusted 60 times on January 30.
  • •On January 30, Thai gold bars were bought at 81,400 THB and sold at 81,500 THB.
  • •On January 30, Thai jewelry gold was sold at 82,300 THB, based on a Gold Spot of $5,516 per ounce.

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Key Entities

Stat

$5,109(5,109 ดอลลาร์)
The closing price of global gold in U.S. dollars after a sharp decline.
$5,500(5,500)
A record high price of global gold in U.S. dollars, recently achieved.
$5,545(5,545 ดอลลาร์)
The peak price in U.S. dollars that global gold reached, setting a new record.
5,109.63
The final reported price of global gold in U.S. dollars after a 5% decline.
81,400 THB(81,400 บาท)
The buying price for gold bars in Thailand.
81,500 THB(81,500 บาท)
The selling price for gold bars in Thailand.
82,300 THB(82,300 บาท)
The selling price for jewelry gold in Thailand.
Gold Spot $5,516(Gold Spot 5,516 ดอลลาร์)
The benchmark spot price of gold in U.S. dollars used to calculate Thai gold prices.

Timeline

January 29(29 มกราคม)
The date when global gold prices reached a new record high.

Organization

Reuters(รอยเตอร์)ℹ️
A news agency that reported on the significant 5% drop in global gold prices.

Product

Thai Gold(ทองไทย)
Gold sold within Thailand, which experienced multiple price adjustments.