For buyers looking at smaller gold pieces, whether for investment or as gifts, estimated selling prices were as follows:
- Half-salung gold was priced at around 7,950.00 baht, while one-salung gold stood at about 15,900.00 baht. Two-salung gold was estimated at 31,800.00 baht.
- The figures are estimated based on a gold bar selling price of 63,600.00 baht per baht-weight.
Global factors weigh on gold market
The 1,050-baht drop at the close of trading marked a sharp single-day decline for Thailand’s gold market.
Analysts attributed the fall to pressure from global factors, including the strengthening of the US dollar, the interest-rate outlook of the US Federal Reserve, and profit-taking in safe-haven assets after gold prices had risen strongly earlier.
