Gold prices in Thailand plunge 1,550 baht as AI stock rout hits global precious metals - Nation Thailand

AI desk brief

Thai gold prices plunged 1,550 baht at the open on Oct. 31, with 96.5% bullion quoted at 62,000/62,200 baht after Friday’s close of 63,750 baht; over the last two sessions, domestic gold fell 2,200 baht per baht-weight as global precious metals sold off. Reuters cited spot gold down 3.5% to $3,880.97/oz and Dec futures off 3.3% to $3,898.90/oz, while silver dropped below $50/oz and palladium fell under $1,000.