On March 18, 2025, the price of gold saw significant fluctuations, culminating in a notable overall increase by the market's close. According to the Gold Traders Association, there were 12 different adjustments within the day, showcasing the dynamic nature of gold trading amid economic uncertainties.
Upon opening, gold prices remained stable, with the first announcement recorded at 9:00 AM indicating the selling price of gold bars at 47,650 baht and gold ornaments at 48,450 baht. The buying price for gold bars was registered at 47,550 baht. This initial stability, much anticipated by traders, quickly faced changes as market conditions evolved throughout the day.
By 9:37 AM, prices began to shift, reflecting immediate market reactions. The buying price for gold bars had increase to 47,600 baht and the selling price was adjusted to 47,700 baht. Simultaneously, gold ornament prices reflected minor adjustments with the buying price at 46,738.28 baht and selling at 48,500 baht. Each announcement was closely watched by traders, with following adjustments showing rates climbing steadily.
At 9:54 AM, the trend continued with the buying price for bars set at 47,650 baht, signaling growing demand, and selling at 47,750 baht. For jewelry, the adjustments maintained upward momentum, leading to the buying price at 46,798.92 baht, and the selling price hitting 48,550 baht. By lunchtime, market reactions led to another revision.
At 11:35 AM, prices had escalated again. The buying price of gold bars reached 47,700 baht, with selling prices following closely at 47,800 baht. For gold ornaments, buying prices were at 46,844.40 baht, and selling prices adjusted to 48,600 baht. This momentum suggested investors' positive outlook on gold against the backdrop of described volatility.
The fluctuations persisted through the afternoon, with each adjustment highlighting the market's response to external pressures. Reports surfaced concerning U.S. economic policies, particularly tariffs imposed by the Trump administration, which were seen as a contributing factor to market anxiety. With the gold spot market on the rise, reaching 3,021.50 USD per ounce earlier, this trend triggered considerable trading activity.
By 4:00 PM, prices underwent another adjustment before closing. The buying price of gold bars was reported at 47,950 baht and selling price adjusted to 48,050 baht. For gold ornaments, these prices reflected buying at 47,086.96 baht and selling at 48,850 baht. Finally, when market closure rolled around at 4:40 PM, trade reflected the cumulative rise, closing with gold bars at 48,000 baht selling price, and jewelry prices capped at 48,800 baht – indicative of the day's trends.
Overall, the day concluded with gold prices having increased by 350 baht from the previous closing - painted against the backdrop of unsatisfactory global economic relations leading many investors to seek stability and safety through gold.
Investors and market analysts alike remain alert to upcoming Federal Reserve meetings and future adjustments to interest rates as these will likely have lasting impacts on gold prices. The excitement exhibited by market fluctuations today shows both the volatility and the potential for profit within gold investments.
Reflecting on today's events, the Gold Traders Association summarizes it succinctly, noting, "On March 18, 2025, we saw the gold price maintain unprecedented adjustments reflecting market volatility." This sentiment echoes the state of play within the gold market, as traders prepare for more shifts predicted on the horizon.
