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Gold Price Drops 400 Baht (Feb 17, 2026)

Gold Price Drops 400 Baht (Feb 17, 2026)

Prachachat•Economy•19h ago

Reader Briefing

Domestic gold prices fell by 400 baht on February 17, 2026, due to global market factors including a strengthening US dollar and upcoming holidays.

  • •Gold prices in Thailand dropped by 400 baht on February 17, 2026, with ornate gold trading at 74,100 baht per baht weight.
  • •The global gold spot price was $4,964 per ounce, influenced by a short-term recovery in the US dollar index (DXY).
  • •Market liquidity is expected to be thin due to the Chinese New Year holiday and Presidents' Day in the US, with reduced trading activity.
  • •Geopolitical factors, including Russia-Ukraine peace talks and Iranian military drills, are also noted as potential influences.

Overview

  • •On February 17, 2026, domestic gold prices were updated at 09:11 AM.
  • •Ornate gold prices dropped by 400 baht compared to the previous day's closing price.
  • •Ornate gold was selling at 74,100 baht per baht weight.
  • •Gold spot price was at 4,964 US dollars per ounce.
  • •Global gold prices adjusted downwards due to the short-term recovery of the US dollar index (DXY) to 97.09 units.
  • •The Chinese domestic market was closed for the Lunar New Year holiday throughout the week, leading to thinner liquidity.
  • •The US market was closed on Presidents' Day, further contributing to thin trading in gold.
  • •The US 10-year bond yield fell to 4.05%, making US bonds less attractive to investors as a safe but low-interest asset.

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Key Entities

Organization

The Gold Traders Association(สมาคมค้าทองคำ)
The organization that provided the latest pricing data for gold in Thailand.
Hua Seng Heng(ฮั่วเซ่งเฮง)
A company that provided an analysis of gold price trends.
Islamic Revolutionary Guard Corps (IRGC)(กองกำลังพิทักษ์การปฏิวัติอิสลามของอิหร่าน (IRGC))ℹ️
An Iranian military organization that began naval drills in the Strait of Hormuz.
SPDRℹ️
A fund that maintained its gold holdings at 1,077.04 tons.

Stat

US Dollar Index (DXY)(DXY)ℹ️
An index that reflects the short-term recovery impacting global gold prices.