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Gold Prices Surge: GTA Reports Record High of 46,500 Baht on February 10, 2025

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Gold enthusiasts, brace yourselves and be prepared to witness a glimmering spectacle in gold markets today. The Gold Traders Association (GTA) has once again set the stage for a soaring rise in gold prices, capturing the imagination of savvy investors. As of today, February 10, golden jewelry’s allure has intensified, climbing by an impressive 250 baht from yesterday’s closing price, dazzling at a record high of 46,500 baht per baht weight. Those keeping a watchful eye on the market found their efforts rewarding as the GTA lifted the curtain on a promising day at precisely 9:02 a.m.

The details of the price hike leave no room for second guessing. The pureness of 96.5% pure gold bars shines through as buyers scramble to acquire them at a buy-in rate of 45,900 baht, while sellers rejoice at letting them go for 46,000 baht per baht weight. Gold jewelry, equally pure at 96.5%, demands 45,070.68 baht from the pockets of eager buyers, while sellers bask in the glory of 46,500 baht per baht weight offered in return for their treasures. But this isn’t a local affair alone; on the global stage, the price of gold is echoing with authority at an impressive US$2,872 per ounce, equivalent to roughly 103,500 baht, sending ripples through markets across the globe.

For the discerning investor eyeing today’s gold terrain, here are the figures that shimmer before you:

  • Gold Bars
    • Buying price: 45,900 baht per baht weight
    • Selling price: 46,000 baht per baht weight
  • Gold Jewelry
    • Buying price: 45,070.68 baht per baht weight
    • Selling price: 46,500 baht per baht weight

The message is clear: Whether you’re buying or selling, the time to act is now. Reach for the golden opportunity before it slips through your fingers. Meanwhile, in a different tale of gold, a man from Songkhla found himself at the heart of law enforcement pursuits after allegedly making off with a glittering haul worth over 5 million baht from a gold shop nestled within a Pathum Thani shopping mall.

The audacious Thapanas Nookate, aged 38 and hailing from Hat Yai, found his escapade cut short in Bangkok, captured in front of a Bang Khae shopping mall following a relentless four-day pursuit. According to Police Lieutenant General Akkharadet Pimonsri, assistant national police chief, he was swiftly taken into custody at Lam Luk Ka Police Station on February 8.

This rollercoaster of golden developments doesn’t stop here—Thailand’s bustling news scene offers even more intriguing headlines just hours old:

  • Pattaya locals demanding action after a stray dog attack
  • WHAUP dives deep with ambitious digital-age plans
  • A three-legged dog saves its owner from a cobra
  • A heroic Kenyan man escapes a scam in Myanmar to Thailand
  • A Martin D-300 guitar hits a high note with a 10.22 million baht chord

The list goes on with captivating stories that weave the intricate tapestry of Thailand’s current affairs. From record-breaking heatwaves to miraculous rescues and legendary musical feats, the landscape of news in Thailand promises an engaging ride.

32 Comments

  1. Anna2015 February 10, 2025

    I can’t believe how high gold prices have soared! Is this an opportunity or just a bubble waiting to burst?

    • GoldGuru February 10, 2025

      It’s definitely a good time to take advantage of these high prices. Historically, gold has been a stable investment.

      • investment_noob February 10, 2025

        But if the price is at its peak, won’t it just go down after?

      • Anna2015 February 10, 2025

        That’s exactly my concern. Timing the market is always a gamble, right?

    • PreciousFan February 10, 2025

      Gold price fluctuations are influenced by so many factors including currency value and economic stability. It’s not just simple supply and demand.

  2. Tom.Smith February 10, 2025

    Looks like I missed the boat on investing in gold early. Do any other precious metals show similar trends though?

  3. Eliza_Jay February 10, 2025

    I wonder how the recent heist impacted consumer confidence, if at all? It must be quite the scare for local businesses.

    • SaraLovesGold February 10, 2025

      Such incidents may cause temporary concern, but ultimately, gold’s value remains stable. It’s just too valuable!

      • RiskRey February 10, 2025

        True, but these things do affect market sentiments temporarily. I wonder how long it takes to recover from the shock.

  4. Larry D February 10, 2025

    Gold at an international price of $2,872 per ounce is insane! How much higher can it go?

    • EconomistJohn February 10, 2025

      As global markets are volatile, appreciating gold is the natural hedge against inflation. It might rise even further if uncertainties continue.

      • CurrencyWatcher February 10, 2025

        Plus, don’t forget geopolitical tensions. They push commodity prices like gold upwards.

    • Larry D February 10, 2025

      Yikes, so should I stop buying other stocks and only focus on gold now?

  5. PennySaver February 10, 2025

    This surge makes me wonder if I should sell my grandmother’s old jewelry now!

  6. Rational_Ray February 10, 2025

    Anyone else suspicious about the timing of this price surge just after the heist? Makes me wonder if there’s more going on.

    • DetectiveJane February 10, 2025

      It’s unlikely that the heist has such an immediate and significant impact on international prices though. But who knows?

    • Rational_Ray February 10, 2025

      True, but I can’t shake the feeling. It’s just too coincidental for my liking.

  7. Golden_Future February 10, 2025

    The man behind the heist must have been desperate. Crime shouldn’t be the way to solve financial problems.

    • EthicMan February 10, 2025

      Agreed, but sometimes people see no other options available. It’s a reflection of societal issues at large.

  8. TraderJoe February 10, 2025

    I think some investors might potentially see the theft as a threat to their investments, igniting fear.

    • StockStrategist February 10, 2025

      Perhaps not on a global scale, but locally, it could fuel anxiety and a rush to sell. Emotional investing is dangerous.

  9. TheOptimist February 10, 2025

    These high prices might encourage people to dig into old jewelry boxes. It’s a good way to recycle old valuables.

  10. MaggieMae February 10, 2025

    Makes me wonder how the jewelry industry will adapt if these prices keep climbing. Gold might become too expensive for everyday wear.

    • DesignQueen February 10, 2025

      It might drive up the demand for gold-plated or gilded alternatives which are more affordable yet stylish.

  11. Chatty_Cathy February 10, 2025

    How did this article cover a gold surge and a crime story? Pure drama!

  12. FutureShaper February 10, 2025

    This price surge shows the enduring power of commodities. Perhaps there’s too much faith in tech stocks?

  13. Concerned_Citizen February 10, 2025

    We should focus on non-crime related positive aspects, like the three-legged dog saving its owner. True heroism!

  14. EconomicsEnthusiast February 10, 2025

    Gold’s price often indicates broader economic trends. This rise could signal incoming economic instability.

    • Financial_Fred February 10, 2025

      Such patterns are why many analysts keep a close eye on gold prices. It’s a critical indicator of market moods.

  15. HistoryBuff71 February 10, 2025

    Gold has always been a measure of wealth and power throughout history. Its current rise is just another chapter in that story.

  16. SkepticalDave February 10, 2025

    Not convinced this surge is sustainable. Artificial inflation is more like it with all these manipulations.

  17. Crazy4Coins February 10, 2025

    This news is like a rollercoaster ride—exhilarating and terrifying at once! But it highlights the emotional impact of monetary matters.

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