On Thursday, March 27, 2025, gold prices in Thailand saw a significant increase, reflecting global market dynamics and local trading conditions. The Gold Traders Association reported that the price of gold rose by 50 baht during the morning session, bringing the selling price of gold bars to 48,600 baht per baht weight, while gold ornaments were priced at 49,400 baht.
The first announcement at 09:01 AM indicated that the buying price for gold bars was set at 48,500 baht, while the buying price for gold ornaments was 47,632.72 baht. This adjustment aligns with the fluctuations in the global gold market, where the price of gold spot was approximately 3,024.50 USD per ounce.
As the day progressed, additional announcements revealed further increases. By the second announcement at 10:09 AM, gold bars had a buying price of 48,550 baht and a selling price of 48,650 baht. Gold ornaments saw a similar trend, with buying prices at 47,678.20 baht and selling prices at 49,450 baht.
The third announcement at 2:50 PM confirmed another upward adjustment, with gold bars reaching a buying price of 48,600 baht and a selling price of 48,700 baht. Gold ornaments were reported at a buying price of 47,723.68 baht and a selling price of 49,500 baht.
Finally, the last update of the day at 5:13 PM showed that gold prices had increased by a total of 200 baht, with gold ornaments selling for 49,550 baht and gold bars at 48,750 baht for selling prices. The buying price for gold bars was recorded at 48,650 baht.
The increases in gold prices can be attributed to various factors, including the ongoing concerns regarding U.S. trade policies and the strength of the dollar, which has impacted investor sentiment globally. The dollar index rose by 0.35%, reaching 104.547, making gold more expensive for holders of other currencies.
In the context of these fluctuations, analysts suggest investors consider holding gold as a hedge against economic uncertainty. Peter Grant, a senior strategist at Zaner Metals, noted, "Gold remains supported by safe-haven demand amid uncertainties surrounding tariffs and geopolitical risks. If gold reaches record highs, the next target could be 3,150 USD per ounce."
Recent trends indicate that gold has gained over 15% in value this year, with a record high of 3,057.21 USD recorded on March 20. The market is now awaiting U.S. personal consumption expenditures (PCE) data, which could provide further clues about the Federal Reserve's interest rate policies.
For those interested in investing in gold, it is crucial to stay updated on market conditions and price changes. The Gold Traders Association continues to provide timely updates, ensuring investors are well-informed about current gold prices and market trends.
In summary, the gold market on March 27, 2025, demonstrated notable fluctuations with prices increasing throughout the day, reflecting both local trading dynamics and broader global economic factors. Investors are advised to monitor these developments closely as they navigate their investment strategies.
