Gold Prices Drop Below 80k Baht Amidst Selling Pressure, Upward Trend Continues

MGR Online•Economy•266d ago

Reader Briefing

Gold prices in Thailand have fallen significantly, with gold bars and ornate gold slipping below 80,000 baht per baht weight, driven by profit-taking and selling pressure on other assets, though the long-term outlook remains positive.

•Domestic retail prices for 96.5% gold saw a sharp decline of 2,550 baht per baht weight from the previous day.
•Gold bar prices are now 78,850 baht (buy) and 78,950 baht (sell) per baht weight, while ornate gold is 77,270.52 baht (buy) and 79,750 baht (sell).
•Global gold prices fell significantly due to profit-taking after reaching a record high, influenced by weak performance in other assets like US stocks, silver, and copper.

Overview

•On Dec 13, 2024 (implied from context of article date vs year 2568), domestic gold prices opened lower by 2,550 baht per baht weight.
•This price drop followed the trend of global gold prices due to selling pressure on other assets.
•Gold bar 96.5% is bought at 78,850 baht and sold at 78,950 baht per baht weight.
•Ornate gold 96.5% is bought at 77,270.52 baht and sold at 79,750 baht per baht weight.
•Global gold prices closed down $38.73 yesterday due to profit-taking after reaching a historical peak, causing a drop of over 5%.
•Intense gold selling was triggered by weakness in other assets like the US stock market, silver, and copper, leading to margin calls or losses in other assets.
•The World Gold Council (WGC) reported that global gold demand in 2025 increased by 1% to 5,002 tons, a record high, due to concerns about uncertainty and trade.
•Investment demand rose by 84% from the previous year, driven by ETFs, compensating for a 21% decrease in central bank purchases.

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Key Quotes

World Gold Council (WGC)

"Global gold demand increased by 1% in 2025 to 5,002 tons, marking a record high."

ความต้องการทองคำทั่วโลกโลกเพิ่มขึ้น 1% ในปี 2568 เป็น 5,002 ตัน ซึ่งเป็นจำนวนสูงสุดเป็นประวัติการณ์

Key Entities

Organization

Gold Traders Association(สมาคมค้าทองคำ)

The organization that announces domestic gold prices in Thailand.

YLG Bullion and Futures Company Limited(บริษัท วายแอลจี บูลเลี่ยน แอนด์ ฟิวเจอร์ส จำกัด)

A company providing analysis on gold prices and market trends.

World Gold Council (WGC)(สภาทองคำโลก)ℹ️

An organization that reports on global gold demand and market statistics.