Thai central bank flags gold trade curbs, plays down impact of US monitoring list
By Reuters and published by CNA THAILAND’S new rules to curb online gold trading were designed to help weaken the baht, the country’s central bank said on Friday (Jan. 30) as it downplayed any impact from the United States adding Thailand to its currency manipulation monitoring list. The central bank has blamed gold trading […]
Read MoreThailand to strengthen controls on gold trading to curb baht rise, central bank chief says
By Reuters and published by CNA THAILAND will impose controls on gold trading as it bids to tackle its overvalued baht currency and ease pressures on economic growth, central bank governor Vitai Ratanakorn said on Wednesday (Jan. 28). The baht has gained about 1.5 percent against the dollar so far this year after a […]
Read MoreThai gold traders with at least 10 billion baht in annual transactions must report to central bank
By Reuters and published by CNA THAI gold traders with average annual transactions of at least 10 billion baht ($320.72 million) over the past five years must report their activities to the central bank, according to the official Royal Gazette. They also need to keep transaction records for at least three years, it said […]
Read MoreOfficials chase illegal gold mining gang in reserved forest
OFFICIALS of Thong Pha Phum National Park in Kanchanaburi province together with soldiers and Border Patrol Police moved in on a gang of 15 to 20 illegal gold miners as they were digging and panning on top of a mountain but managed to arrest only one suspect after chasing them through the thick forest, […]
Read MoreHunt for southern insurgents who robbed gold shop
A BIG group of southern insurgents mounted a well-organised robbery of a gold shop at a shopping mall in Su-ngai Kolok district, Narathiwat province, last evening (Oct. 5) and made off with at least 500 baht weight of gold ornaments, Amarin TV said this morning. There was an exchange of gunfire with police before […]
Read MoreYoung teacher nabbed while robbing a gold shop
A YOUNG contract teacher who said he was not earning enough to make ends meet snatched almost a million baht worth of gold ornaments from a shop in Ubon Ratchathani province but the brave saleswoman grabbed his legs as he was attempting to flee and called for help leading to his arrest, Amarin TV […]
Read MorePrice of imitation gold jewellery climbs as real gold price skyrockets
WITH the selling price of 96.5% real gold jewellery reaching 53,500 baht a baht weight this morning (Apr. 26) a shop in Nonthaburi too has increased the price of imitation gold jewellery by 50 baht, TV Channel 7 said. As of 9.04 a.m. this morning the Thai Gold Traders Association set the selling price […]
Read MoreDomestic gold price drops 950 baht as Middle East tensions ease
By Thai Newsroom Reporters and Reuters – published by CNA GOLD PRICE plunged globally as Middle East tensions eased with the domestic selling price of 96.5% gold ornaments dropping 950 baht to 40,950 baht a baht weight over the previous day’s close. In its fifth announcement at 10.41 a.m. today the Gold Traders Association […]
Read MoreLocal oil and gold prices set to rise as Songkran festival ends
WITH GLOBAL oil prices still rising while gold prices have been volatile amid growing chaos in the Middle East it is expected that the local prices of both will soar after Songkran festival ends tomorrow (Apr. 17), TV Channel 7 said this morning. Thai investors are continuously buying gold leading to major local gold […]
Read MoreDomestic gold price adjusted 32 times today, likely to reach 42,500 baht
WITH THE domestic gold price fluctuating wildly through 32 adjustments today (Apr. 8) that led to the selling price of 96.5% gold ornaments finally closing at an all time of 41,150 baht a baht weight, up 400 baht from the previous day, an expert expects gold bars to rise to 42,500 baht, Matichon newspaper […]
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