Gold price surges 800 baht on August 5, 2026

Prachachat•Economy•9d ago

Reader Briefing

Gold prices in Thailand rose by 800 baht on August 5, 2026, driven by global market factors and diplomatic developments.

•Gold jewelry selling price reached 65,700 baht on August 5, 2026.
•Gold Spot price was at 4,132.00 US dollars per ounce.
•Huasengheng analyzed that the US dollar index and US bond yields influenced the price increase.
•SPDR fund purchased 3.43 tons of gold.

•On August 5, 2026, gold prices surged 800 baht compared to the previous day's closing price.
•Gold jewelry selling price was 65,700 baht and 96.5% gold bars were sold at 64,900 baht per baht.
•Gold Spot price was recorded at 4,132.00 US dollars per ounce.
•Huasengheng attributed the global gold price increase to the US Dollar Index (DXY) failing to break the 100-unit psychological resistance and US 10-year bond yields falling below 4.70%.
•Brent and WTI crude oil prices declined after Majid Al-Ansari, spokesperson for the Ministry of Foreign Affairs of Qatar, confirmed ongoing mediation between the United States and Iran.
•US Treasury Secretary Scott Bessent stated that the United States and Iran may soon reach an agreement to reopen the Strait of Hormuz and guarantee freedom of navigation for commercial ships.
•US JOLTS job openings for June were lower than analysts' expectations, indicating weakness in the US labor market.
•The SPDR fund purchased 3.43 tons of gold.

Full article content is available on the original source.

Gold Traders Association(สมาคมค้าทองคำ)

The organization whose website provided the latest gold price data.

Huasengheng(ฮั่วเซ่งเฮง)

An organization that analyzed gold price trends on the morning of August 5, 2026.

Ministry of Foreign Affairs of Qatar(กระทรวงการต่างประเทศของกาตาร์)ℹ️

The government body whose spokesperson confirmed mediation efforts between the United States and Iran.

SPDR Fund(กองทุน SPDR)

A fund that purchased 3.43 tons of gold.

Majid Al-Ansari(มาเจด อัล-อันซารี)

Spokesperson for the Ministry of Foreign Affairs of Qatar.

Scott Bessent(สก็อตต์ เบสเซนต์)ℹ️

US Treasury Secretary who mentioned a possible agreement between the US and Iran.

United States(สหรัฐอเมริกา)ℹ️

A country involved in mediation with Iran and reporting labor market data.

Iran(อิหร่าน)ℹ️

A country involved in mediation with the United States regarding the Strait of Hormuz.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A waterway that the US and Iran may agree to reopen.