Gold Price Drops 300 Baht – PPTVHD36
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Gold Price Update (September 11, 2025):
Decrease: Gold prices in Thailand closed down 300 baht from the previous day.
Prices:
Half salung gold: 7,625 baht (including achievement fee)
Gold 2 baht: 110,800 baht (including readiness fee)
Reference Rates: Based on a spot market price of $3,622.00/ounce and an exchange rate of 31.85 baht/dollar.
Factors Influencing Gold Prices:
US employment Numbers: Weaker-than-expected US employment data is fueling expectations of interest rate cuts by the Federal Reserve (Fed).
Federal Reserve (Fed) Expectations: Investors are increasingly confident the Fed will cut interest rates in September, with the Fedwatch tool showing a rise in expectations for three rate cuts this year (up from two). The probability of a rate cut this month is now at 90%.
safe Haven Demand: Ongoing geopolitical uncertainty (trade wars, Ukraine-Russia conflict, Middle east tensions) is driving investors to hold gold as a safe asset.
Ukraine-Russia Conflict: Ukraine has responded to russian attacks by ordering more attacks into Russian territory,leading to power outages.
Middle East Conflict: Escalating tensions between Israel and Gaza, including Israeli tank incursions and air strikes, are contributing to instability.
Source: gold Trade Association & PPTV HD 36.