Exploring the gold market in Thailand is exciting. It’s key to know the latest prices and trends. Right now, 24K gold costs ₹7,784 per gram. 22K gold is ₹7,130 per gram, and 18K gold is ₹5,838 per gram.
Recently, gold prices have changed a lot. 24K gold went up by ₹440 and 22K by ₹403 on December 3, 2024. These changes come from many things like more gold coming in and the Thai central bank’s gold. Also, people and places wanting gold make prices move a lot in the price of gold in thailand.
Key Takeaways
- Current 24K gold price in Thailand is ₹7,784 per gram
- 22K gold price stands at ₹7,130 per gram
- 18K gold price is ₹5,838 per gram
- Recent price movements show significant increases for 24K and 22K gold
- Domestic factors like gold imports and central bank reserves influence thailand gold rates
Understanding Thailand’s Gold Market
Thailand’s gold market is full of variety. It has gold purities for everyone, from 24K to 18K. You can find many gold shops and exchanges here. Knowing the types of gold, when they’re open, and where to go is key.
Types of Gold Available
In Thailand, you can find different gold purities:
- 24K gold: The purest form, prized for its luster and purity.
- 22K gold: A popular choice, offering a balance of value and quality.
- 18K gold: A lower-carat option that is more affordable yet still maintains its allure.
- 14K gold: A versatile choice, often used in jewelry and accessories.
The prices of these gold varieties change daily. This shows how lively the Thai gold market is.
Market Operating Hours
The Thai gold market is open from Monday to Friday. Shops are open from 9:00 AM to 5:00 PM. But, hours can change, so it’s good to check with places or the Bangkok Gold Exchange.
Key Trading Locations
Bangkok’s Chinatown is a big spot for gold. It has many gold shops and exchanges. Other big cities like Chiang Mai, Phuket, and Pattaya also have a lot of thai gold jewelry.
Knowing about Thailand’s gold market is important. It helps you understand the bangkok gold exchange better. Whether you’re new or experienced, exploring this market can lead to great opportunities.
Current Gold Rates and Price Movements
For gold traders and fans in Thailand, knowing today’s gold rates is key. On December 3, 2024, here are the gold prices in Thailand:
- 24K gold: ₹77,840 per 10 grams
- 22K gold: ₹71,301 per 10 grams
- 18K gold: ₹58,380 per 10 grams
Gold prices have changed a lot lately. 24K gold went up by ₹440 and 22K by ₹403. Each month, prices have gone up and down in 2024.
LivePriceofGold.com says gold prices in Thailand are between ₹90,950.80 and ₹37,926.49 per ounce. They update thailand gold rates for the global gold trading thailand market.
“The gold prices shown are raw rates; extra fees and labor costs might apply based on where you buy.”
If you’re into bullion thailand, the Royal Thai Mint in Pathum Thani has cool coins. They cost from one Satang to 9000 baht. You can also buy gold bars in different weights with low premiums.
Gold prices in Thailand change for many reasons. These include global markets, currency rates, and local demand. Keeping up with thailand gold rates and gold trading thailand trends helps when buying bullion thailand.
Price of Gold in Thailand: Daily Updates and Trends
Keeping up with gold prices in Thailand is key for those into gold investment or the local market. The Gold Traders Association shares daily price changes. This info is great for both new and experienced investors in Bangkok.
24K Gold Price Variations
In the last 10 days, 24-karat gold prices in Thailand have changed a lot. They went from ₹7,740 to ₹7,969 per gram. This shows how fast gold prices can change, influenced by global trends and local demand.
22K Gold Market Rates
The price of 22-karat gold in Bangkok has also changed a lot. Prices went from ₹7,090 to ₹7,300 per gram in the same time. This shows why it’s important to watch gold prices in Thailand closely.
18K Gold Price Trends
Recently, 18-karat gold prices in Thailand have ranged from ₹5,805 to ₹5,977 per gram. This shows how the gold market in Bangkok can change quickly. It’s important for investors to stay updated and make smart choices.
In November 2024, gold prices dropped by 6% across all purities. This highlights the need to watch gold prices in Thailand closely to find good investment chances.
“Staying informed about the price of gold in Thailand is crucial for making sound investment decisions and maximizing returns.”
Factors Influencing Thai Gold Prices
Many things affect gold prices in Thailand. Global trends and local demand play big roles. Knowing these helps investors and those buying gold in Bangkok.
Studies have looked at how the Thai exchange rate, gold prices, and more affect gold prices. They found many factors influence gold prices in Thailand. They also looked at how big economic changes impact gold prices.
On December 3, 2024, gold prices in Thailand were 90,963.1 Thai baht per ounce to buy and 90,872.1 Thai baht to sell. Prices went down by 251.93 baht from the day before. This might make people want to buy more gold for their jewelry.
The Gold Traders Association (GTA) helps by giving the latest prices. They show how global and local trends affect gold prices in Thailand.