BANGKOK, Thailand – Gold prices in Thailand have reached new highs for the third day in a row, with gold jewelry hitting 45,900 baht per baht-weight. The surge is driven by growing trade tensions, particularly as China retaliates against U.S. tariffs.
The Gold Traders Association reported the first price update at 9:02 AM, showing a sharp increase of 150 baht, setting a new record. At this point, gold jewelry was priced at 44,343 baht per baht-weight for buying and 45,750 baht for selling. By 10:28 AM, prices were adjusted four more times, rising a total of 300 baht. Gold bullion was bought at 45,300 baht per baht-weight and sold at 45,400 baht, while gold jewelry was bought at 44,479.44 baht and sold at 45,900 baht.
This marks the third consecutive day of record-breaking prices in Thailand. On February 4, gold prices had increased by 150 baht after being adjusted 13 times.
In global markets, spot gold prices soared to $2,843 per ounce, and U.S. COMEX gold futures closed at a record $2,875.80 per ounce, up $18.70. The rally is fueled by growing demand for gold as a safe-haven asset in response to China’s decision to impose tariffs on U.S. goods following Washington’s tariff hikes on Chinese imports.
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