Gold Price Continues to Surge

The global gold price has exceeded expectations, reaching a new high while the weakening baht has also influenced the price of Thai gold on Thursday, pushing it to new highs as well.

The Gold Traders Association reported that the price of Thai gold has risen by 400 baht in total. This is based on the Asian gold price of $2,301 per ounce and the Thai baht weakening to 36.70 baht per dollar.

The association’s chairman stated that there is still no sign of a decrease in the gold price, except for possible selling pressure from gold funds. The gold price has reached $2,300 per ounce and the market is closing in on a new All-Time High.