Today’s gold price (March 13, 2024) closed trading throughout the day and dropped 2 times and bounced back up another 50 baht at the end of the market. Resulting in an overall decrease of 100 baht compared to the previous day.
Gold Traders Association Gold price announcement, Wednesday March 13, 2024, market closed “down 150 baht” Thai gold price still receives support from the weakening baht. This prevents it from swinging down much.
- Gold bars are bought back at 36,450.00 baht/baht of gold and sold out at 36,550.00 baht/baht of gold.
- Gold jewelry: Buy back 35,792.76 baht/baht of gold and sell out 37,050.00 baht/baht of gold.
- 1 salung of gold, price including gratuity is 9,638 baht.
- 2 salung of gold, price including gratuity is 18,775 baht.
- Half a salung of gold, price including gratuity is 5,069 baht.
Domestic gold Spot market is quoted at $2,160.00/ounce. and based on the baht value of 35.74 baht/dollar
Mae Thongsuk sees that the price of gold has decreased. After yesterday’s economic numbers from the US, namely Core CPI m/m and CPI y/y, came out higher than expected, while CPI m/m came out close to expectations. This is likely to cause the Fed to slow down. The interest rate can be reduced. Or vice versa if the CPI numbers continue to rise. This may cause the Fed to increase interest rates, which is the main factor causing the market to become worried and have selling pressure causing the gold price to fall from the level of $2,185 to the level of $2,158 yesterday.
Overall, the price of gold on the world market decreased by approximately 1.5%, while the price of Thai gold decreased by approximately 0.3% or approximately 100 baht. It can be seen that the price of gold on the world market fluctuates somewhat more than the price of Thai gold. This is because the price of Thai gold still receives support from the weakening baht.
However, the Thai gold price will have a short-term support level at 36,350 baht/gold baht. and there is resistance at 36,750 baht/gold baht
Internationally, gold prices are expected to have a support level of $2,150 and a resistance level of $2,180. For Gold Online Futures, it is expected that there will be a support level of $2,155 and a resistance level of $2,185, and Gold Comex is expected to have a support level of $2,155 and a resistance level of $2,185. Gain $2,155 and Resistance $2,185
2024-03-13 09:24:00
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