Domestic gold price falls 100 baht as dollar strengthens The Fed has yet to cut premiums.

2024-05-02 13:53:22

Global demand for gold, including over-the-counter (OTC) gold, rose 3% to 1,238 tonnes in 1Q24, the strongest first quarter since 2016, according to the World Gold Council (WGC). Indeed, gold trading on the OTC market is very active.

The baht closed this evening at 36.95 baht/dollar, strengthening from The market opened this morning at 37.04 baht/dollar.

Gold prices (96.5%) are detailed today in the country at the end of the market. Decrease from yesterday (May 1) of the gold baht to 100 baht per coin, even though the market opened this morning. It will increase from yesterday to 350 baht per gold baht, but after the market opens. Retail prices have gradually declined continuously. According to the gold price situation in the global market During the day A total of 10 price adjustments were announced.

Gold Dealers Association Inform the price of gold bars, buy at 40,150 baht per baht gold, sell at 40,250 baht per baht gold and gold jewelry. Buy gold baht at 39,431.16 baht per gold baht, sell at 40,750 gold baht per gold baht.

Analysts at YLG Bullion International Company Limited (YLG) said that today’s gold price will try to maintain its recovery from the previous day. But there were signs of a downward trend reversal.

Thai stocks closed today at 1,363.25 points, down 4.70 points (-0.34%), with a market value of 48,921.31 million baht. The Thai stock market today fluctuates in a narrow range, similar to regional markets. After the results of the meeting, the Federal Reserve (Fed) decided to maintain interest rates, but there was no indication that there would be an increase in interest rates. Foreigners sell 2,243.99 million baht net (SET+MAY)

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