Gold Prices Rise in Thailand on October 16, 2026
The Gold Traders Association announced a slight increase in domestic gold prices today, following a previous decline.
On October 16, 2026, the Gold Traders Association of Thailand reported an uptick in domestic gold prices. According to the latest data released at 9:03 a.m., the price of gold increased by 50 baht compared to the closing figures from the previous day, October 15.
As of the first announcement of the day, gold bars are being purchased at 65,800 baht per baht-weight and sold at 66,000 baht per baht-weight. For 96.5% gold ornaments, the purchase price is set at 64,490.64 baht, with a selling price of 66,800 baht per baht-weight. Meanwhile, the global market price for gold (Gold Spot) is currently recorded at 4,155.50 USD per ounce.
For residents and travelers in Thailand, these fluctuations are significant as they reflect the current local market valuation of precious metals. While the price has seen a minor recovery, gold markets remain volatile. Those looking to buy or sell gold should monitor official updates from the Gold Traders Association throughout the day, as prices are subject to change based on global market conditions. It remains to be confirmed how these prices will trend throughout the remainder of the week as international economic factors continue to influence the local market.
