Thai Gold Price Hits New Record High Amid Global Rally

BANGKOK, Sept 23 (TNA) - Thailand's domestic gold price reached a new record high on Tuesday, climbing 550 baht to 57,300 baht per baht-weight. 

This surge follows a continuous rally in the global market, which has seen gold prices jump over 40% since the beginning of the year.

The Gold Traders Association's president, Jitti Tangsitpakdee, attributed the rise to a weaker U.S. dollar, central bank gold purchases, and anticipated interest rate cuts by the U.S. Federal Reserve. He now projects the Thai gold price could reach 59,000 baht by year-end.

The new record for ornamental gold is 57,300 baht, with gold bars at 56,500 baht for selling. The global Gold Spot price opened at $3,756 per ounce.

In 2025 alone, the Thai gold price has already gained 14,000 baht. -819 (TNA)