On March 27, 2025, the gold market in Thailand experienced a notable surge, with prices increasing by 200 baht compared to the previous day. According to the Gold Traders Association, the price of gold ornaments has now reached 49,550 baht per baht, marking a significant rise in value. The latest update from the association, published at 5:13 PM, indicates that the buying price for gold bullion stands at 48,650 baht, while its selling price is set at 48,750 baht.
The gold ornaments are seeing a buying price of 47,769.16 baht and a selling price of 49,550 baht. This upward trend reflects a growing interest in gold as a safe investment amid fluctuating economic conditions. The global gold spot price has also been reported at $3,043.00 per ounce, further influencing local market dynamics.
The announcements regarding gold prices were made in four stages throughout the day. The first announcement reported a buying price of 48,500 baht and a selling price of 48,600 baht for gold bullion, alongside a buying price of 47,632.72 baht and a selling price of 49,400 baht for gold ornaments. The second announcement showed a slight increase, with gold bullion now at 48,550 baht for buying and 48,650 baht for selling, while gold ornaments were at 47,678.2 baht and 49,450 baht, respectively.
The third announcement continued this trend, with gold bullion prices reaching 48,600 baht for buying and 48,700 baht for selling, and gold ornaments at 47,723.68 baht for buying and 49,500 baht for selling. Finally, the fourth announcement confirmed the current prices, reflecting the ongoing demand and market stability.
In a parallel market, the domestic pepper prices have also remained stable as of March 27, 2025. The forecast for pepper prices on March 28, 2025, indicates that they will maintain their current levels, which is reassuring for both farmers and consumers. The average buying price of pepper in key areas is reported to be 159,400 VND per kilogram.
In the provinces of Gia Lai, Ba Ria-Vung Tau, and Binh Phuoc, the price of pepper is consistent at 159,000 VND per kilogram. Meanwhile, in Dak Lak and Dak Nong, the prices have slightly increased to 160,000 VND per kilogram, reflecting a robust demand in the market. Experts suggest that the stability in the domestic pepper market is linked to the psychological tendency of hoarding among traders, anticipating future price increases.
The international market for pepper also shows signs of stability, with prices from Brazil and Malaysia remaining consistent. This stability is crucial as it helps the global market avoid significant fluctuations, allowing businesses to plan their production and exports effectively. The International Pepper Community (IPC) has reported that the pepper market remains stable, although prices in Indonesia have seen a slight decrease of 12 to 17 USD per ton.
As for the specific prices reported by IPC, the price of black pepper in Indonesia is currently at 7,229 USD per ton, while Muntok white pepper is priced at 10,052 USD per ton. In Malaysia, the prices for black pepper ASTA are stable at 9,900 USD per ton, and white pepper ASTA at 12,400 USD per ton. Brazil's pepper prices have also shown a slight increase, currently at 7,000 USD per ton.
The export prices for Vietnamese black pepper remain steady, with the export price being 7,100 USD per ton for 500 grams/liter, and 7,300 USD per ton for 550 grams/liter. The price for white pepper stands at 10,100 USD per ton. This consistency in pricing is significant as it reflects the growing demand for pepper, particularly from European and American markets.
For farmers in the Central Highlands region, the current prices and stable market conditions have led to a positive outlook for the upcoming harvesting season. The excitement among pepper growers is palpable as they prepare for the final phase of the harvesting season, ensuring a reliable yield and favorable pricing.
Despite the challenges posed by fluctuating global prices, the overall sentiment in the market remains optimistic. Analysts predict that while there may be some volatility in the short term, the long-term prospects for both gold and pepper markets are promising due to sustained consumer demand and strategic planning by producers and exporters.
As the markets continue to evolve, stakeholders in both the gold and pepper industries are advised to stay informed about global trends and local market dynamics. The interplay between local demand and international pricing will be crucial in shaping the future of these essential commodities.
In summary, the gold prices have seen a significant increase, reflecting a broader trend of investment in precious metals during uncertain economic times. Simultaneously, the pepper market remains stable, with expectations of steady prices as the season progresses. Both markets are vital to the local economy, and their health is indicative of broader economic conditions.
