An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices…
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices…
The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co.
The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co.
Bars of gold are arranged for a photograph at the headquarters of YLG Bullion International in Bangkok.
Thai gold prices hit a three-month high at 28,200 baht per one-baht weight on Tuesday, spurred by the depreciating baht which hit a 13-month low and the continued decline of Thai shares amid rising Covid infections.
Meanwhile, cryptocurrencies led by Bitcoin slid to below a million baht for the first time in nearly two months.
The global spot gold price continues to move sideways along the range of US$1,800-1,835 supported by uncertainties in the money and investment markets where the risk-off mode has been turned on.