Thailand gold prices close THB650 lower after volatile trading - Nation Thailand

AI desk brief

Thailand gold prices closed THB650 lower on Tuesday after a highly volatile session, with the Gold Traders Association issuing 21 price updates. Final 96.5% bullion prices were THB65,400 bid/THB65,600 offered, while global spot gold was quoted at US$4,116/oz.

The drop was driven by selling in the global spot market, a stronger U.S. dollar, and baht fluctuations that fed through to domestic pricing. The article says the morning slide began on overseas selling, while afternoon pressure was amplified by dollar strength and foreign profit-taking, leaving Thai gold at its lowest level of the week.