Gold Prices in Thailand Face Continued Downward Pressure
The Gold Research Center reports a bearish outlook for domestic gold prices this week, with experts and investors anticipating further declines following a recent drop.
According to a report from Khaosod Online, the Gold Research Center (GRC) has released its weekly survey for November 2-6, 2026, indicating a negative outlook for domestic gold prices. This follows a recent decline of 1,850 baht per gold baht weight. The GRC Gold Survey, which polled 13 market experts, found that 62% expect prices to continue falling, while 60% of surveyed investors share this bearish sentiment. Analysts from Leng Hong suggest that while selling pressure may persist, the market has entered an 'oversold' condition, potentially signaling a future rebound. The current focus is on a support level of 61,000 baht per gold baht, with market participants closely watching to see if prices can maintain a floor above 60,000 baht. For residents and investors in Thailand, this volatility highlights the importance of cautious portfolio management during periods of market instability. While the survey provides a snapshot of current market sentiment, it remains to be seen how actual trading volumes and global market factors will influence the domestic price floor throughout the week. Investors are advised to monitor official market updates for real-time price adjustments.
