Today’s gold price (24 April 2024) closed the market up 200 baht from the previous day: PPTVHD36

Today’s gold price (24 April 2024) closed the market up 200 baht from the previous day. Be careful of adjustments in the price of Thai gold.

Gold Traders Association Gold price announcement, Wednesday 24 April 2024, market closed “up 200 baht” Overall, Thai gold prices have not decreased much.

• Gold bars buy back 40,450.00 baht/baht of gold and sell out 40,550.00 baht/baht of gold.
• Gold jewelry: Buy back 39,719.20 baht/baht of gold and sell out 41,050.00 baht/baht of gold.
• 1 salung of gold, price including gratuity is 10,638 baht.
• 2 salung of gold, price including gratuity is 20,775 baht.
• Half a salung of gold, price including gratuity is 5,569 baht.

This is because there is still support from the baht depreciating past the level of 37 baht per dollar. Be careful about the correction of the price of Thai gold.

Domestic gold Spot market is quoted at $2,314.00/ounce. and based on the baht value of 37.03 baht/dollar

Gold prices were extremely volatile at the end of the market yesterday. It dropped below the $2,300 level and tested at $2,290 before gaining buying pressure and bouncing back up to the $2,290-2,320 area and closing the market at $2,322. Overall, the movement of gold prices did not. Has been adjusted according to the economic numbers of the United States. This can be seen from the Flash Manufacturing PMI and Flash Services PMI being lower than expected. But it did not affect the price of gold.

Meanwhile, the dollar index yesterday opened at 106.12 points before falling to the lowest point at 105.61 points and closing at 105.69 points, while this morning it depreciated to 105.66 points. As for the baht, Yesterday, it depreciated all the way to 37.10 baht per dollar. Before there was selling pressure, it fell to the level of 36.89 baht per dollar this morning. It is called the dollar index and the baht counter to each other.

This caused the price of Thai gold yesterday to fluctuate greatly. It has dropped more than 1,000 baht per baht of gold. and went down to the lowest point at the level of 40,250 baht per gold baht, while this morning it bounced back up to the level of 40,450 baht per gold baht. It can be said that world gold prices and Thai gold prices fluctuate greatly. As for the SPDR gold fund, yesterday it bought 1.73 tons, its current holding is 833.63 tons.

Source: Gold Traders Association / Mae Thong Suk