Gold prices in Thailand opened higher today, rising by 150 baht per baht of gold compared to the previous day’s closing price. Gold ornaments are now selling at 47,300 baht per baht of gold.
Domestic Gold Prices
According to the Gold Traders Association’s announcement at 09:04 AM on March 7, 2025, the price of 96.5% pure gold increased by 150 baht per baht of gold from the previous day.
Gold jewelry: Selling price at 47,300.00 baht per baht of gold, with a buying price of 45,570.96 baht per baht.
Gold bars: Selling at 46,500.00 baht per baht of gold, with a buying price of 46,400.00 baht per baht.
Gold spot price: 2,906.50 USD per ounce.
Market Trends and Analysis
Poon Panichpiboon, Capital Market Strategist at Krungthai GLOBAL MARKETS, Krungthai Bank, stated that gold prices are supported by the risk-off sentiment in the financial market and uncertainty surrounding U.S. trade protectionist policies. COMEX gold futures contracts for April 2025 reflect this sentiment.
However, gold prices continue to face pressure due to market fluctuations, with prices trading within the $2,910-$2,920 per ounce range.
Global Gold Market
New York gold futures closed slightly positive. The market was influenced by rising U.S. bond yields and profit-taking by investors following consecutive days of gold price increases. Investors are also closely monitoring the U.S. non-farm payroll data for potential indications of the Federal Reserve’s future interest rate policy.
Related topics：
- What is the Value of 18K Gold?
- Why Does Gold Price Increase During War?
- What is the Best Price Being Paid for Gold Sovereigns?
