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Global Gold Demand Sees Strongest First Quarter Since 2016, Baht Strengthens Against Dollar

According to the World Gold Council (WGC), global gold demand, including over-the-counter (OTC) gold rose 3% to 1,238 tonnes in 1Q24, the strongest first quarter since 2016. This because gold trading is in the OTC market it is very active.

The baht closed tonight at 36.95 baht / dollar, strengthening from The market opened this morning at 37.04 baht / dollar.

Gold prices (96.5%) sold in the country at the end of the market today. Reduction from yesterday (May 1) gold baht at 100 baht per piece, even though the market opened this morning. It will increase from yesterday up to 350 baht per gold baht, but after the market opens. Retail prices have gradually decreased. According to the gold price situation in the world market Throughout the day 10 price changes were announced.

Gold Traders Association Reports the price of gold bars, buying at 40,150 baht per gold baht, selling at 40,250 baht per gold baht, and gold jewelry. Buy gold baht at 39,431.16 baht per gold baht, sell at 40,750 baht gold baht per gold baht.

Analysts from YLG Bullion International Company Limited (YLG) said that today’s gold price is Try to maintain your recovery from the previous day. But there were signs that they went back down.

Thai stock closed today at 1,363.25 points, down 4.70 points (-0.34%), trade value 48,921.31 million baht The Thai stock market today fluctuates in a narrow range, similar to regional markets. Following the results of the meeting, the Federal Reserve (Fed) decided to hold interest rates but there was no sign of an increase in interest rates. Foreigners net sales 2,243.99 million baht (SET+MAI)

# Domestic gold price

# Thai stock market

2024-05-02 13:53:22
#Domestic #gold #price #drops #baht #dollar #strengthens #Fed #raise #prices

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