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Gold Price Drops 2,350 Baht (Feb 2, 2026)

Gold Price Drops 2,350 Baht (Feb 2, 2026)

Prachachat•Economy•62d ago

Reader Briefing

Thai gold prices experienced a significant drop of 2,350 Baht on February 2, 2026, with ornate gold selling at 72,650 Baht per baht.

  • •Gold prices in Thailand fell by 2,350 Baht on February 2, 2026.
  • •Ornate gold buy/sell prices were announced by the Gold Traders Association.
  • •Global gold spot prices were $4,805.00 USD per ounce.
  • •Analysis suggests the USD index and US PPI/Core PPI data influenced gold prices.

Overview

  • •On Feb 2, 2026, at 09:45 AM, the Gold Traders Association announced updated gold prices.
  • •Today's gold price dropped by 2,350 Baht compared to yesterday's closing price.
  • •Ornate gold buy prices were 70,221.12 Baht and sell prices were 72,650.00 Baht.
  • •In-country gold bars had buy prices of 71,650.00 Baht and sell prices of 72,650.00 Baht.
  • •The global gold spot price was 4,805.00 US dollars per ounce.
  • •The DXY index rose for a third day to 97.14 units, influencing gold prices.
  • •US 10-year bond yields remained stable at 4.23% due to higher-than-expected US PPI/Core PPI data.
  • •US President Trump announced his nomination of Kevin Warsh for the next Fed Chair, a noted inflation hawk seeking Fed rate cuts.

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Key Entities

Organization

Gold Traders Association(สมาคมค้าทองคำ)
The organization that announced current gold prices in Thailand.
Hua Seng Heng(ฮั่วเซ่งเฮง)
A financial analysis firm that provided commentary on gold price trends.
Federal Reserve(เฟด)ℹ️
The central bank of the United States, whose interest rate policies are monitored.
SPDR Fund(กองทุน SPDR)ℹ️
An investment fund that bought gold in the previous week.
Islamic Revolutionary Guard Corps (IRGC)(กองกำลังพิทักษ์การปฏิวัติอิสลามของอิหร่าน (IRGC))ℹ️
The military branch of Iran that was preparing for live-fire drills.

Policy

Dollar Index (DXY)(ดัชนีเงินดอลลาร์ (DXY))ℹ️
An economic indicator whose rise influenced gold prices.

Stat

US 10-year Bond Yields(บอนด์ยีลด์สหรัฐ อายุ 10 ปี)ℹ️
A financial metric that remained stable, part of the economic context for gold prices.

Place

United States(สหรัฐ)ℹ️
The country whose economic data and presidential statements impacted gold prices.
Truth Socialℹ️
The social media platform where former President Trump made a statement.
Iran(อิหร่าน)ℹ️
The country whose military exercises in the Strait of Hormuz are a point of market watch.
Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️
A strategically important waterway where Iran's IRGC planned military exercises.

Person

President Trump(ประธานาธิบดีทรัมป์)ℹ️
The former US President who nominated Kevin Warsh for Fed Chair.
Kevin Warsh(นายเควิน วอร์ช)ℹ️
Nominee for future Fed Chair, known as an inflation hawk.
Jerome Powell(นายเจอโรม พาวเวลล์)ℹ️
The current Chair of the Federal Reserve.