Economy
Significant Drop in Thai Gold Prices Reported on August 29, 2026
The Gold Traders Association announced a sharp decline in domestic gold prices, marking a decrease of 1,600 baht compared to the previous day's closing figures.
On August 29, 2026, the Gold Traders Association of Thailand reported a substantial decrease in gold prices across the country. According to data published at 9:08 a.m., the price of gold dropped by 1,600 baht compared to the final closing price recorded on August 28.
As of the first announcement of the day, gold bars are being purchased at 69,950.00 baht per baht-weight and sold at 70,150.00 baht. Meanwhile, 96.5% gold ornaments are listed with a selling price of 70,950.00 baht per baht-weight, with a purchase price of 68,553.52 baht. The global market price for gold (Gold Spot) is currently reported at 4,455.00 USD per ounce.
For residents and travelers in Thailand, this volatility in the gold market is a notable economic development. Gold is a significant asset class in the country, and such sharp fluctuations often influence local retail markets and jewelry trade. While these figures reflect the official announcement from the Gold Traders Association, market participants should remain aware that prices are subject to change throughout the day based on global market conditions. Those looking to buy or sell gold are advised to monitor official updates from the association to ensure they have the most current information before making financial decisions.