The price of gold today (February 22, 2024) “remains” without movement. The country is still on an upward trend. While investors still view it as a safe asset
The Gold Merchants Association announced the price of gold today, Thursday, February 22, 2024. The price is still there and there is no movement. But investors still consider it a safe asset at a time when the Middle East is still strong. The country is still on an upward trend.
The gold price today (February 22, 2024) opened trading with “stable” gold bullion selling for 34,450 baht.
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- Gold bars Buy back 34,350.00 baht/baht of gold and sell 34,450.00 baht/baht of gold.
- Gold jewelry Buy back 33,731.00 baht/baht of gold and sell 34,950.00 baht/baht of gold.
- 1 gold saloon Price including gratuity is 9,113 baht.
- 2 gold saloons Price including bonus 17,725 baht.
- Half a gold salong Price including gratuity is 4806 baht.
Domestic gold spot market price is $2,027.50 per ounce. Based on a baht value of 35.92 baht/$
Although the gold price is facing some selling pressure. After the price reached a high of $2,032, gold still has purchasing power when the price falls. As a result, prices remain limited.
This is due to the strong purchasing power of safe assets. After Israel continued its air strikes on Rafah.
It is a civilian evacuation town, south of the Gaza Strip. The gold price this morning is therefore gradually fluctuating in the range of $2,024-2,030, waiting to monitor the Purchasing Managers' Index (PMI) numbers, which may fluctuate in the afternoon in the EUR-GBP direction.
As for the price of Thai gold, it is still in an upward trend. The support level is 34,200 baht/gold baht. There is resistance at 34,600 baht/gold baht
source: Gold Merchants Association / YLG
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