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Global Gold Demand Sees Strong First Quarter in 2024 with OTC Market Activity on the Rise

According to the World Gold Council (WGC), global gold demand, including over-the-counter (OTC) gold, rose 3% to 1,238 tonnes in 1Q24, the strongest first quarter since 2016. This is because gold trading is the OTC market is very active.

The baht closed tonight at 36.95 baht/dollar, strengthening from The market opened this morning at 37.04 baht/dollar.

Gold prices (96.5%) retail in the country at the end of the market today. Discount since yesterday (1 May) gold baht at 100 baht a piece, although the market opens this morning. It will increase from yesterday up to 350 baht per gold baht, but after the market opens. Retail prices have steadily declined continuously. According to the gold price situation in the world market By during the day A total of 10 price adjustments were announced.

Gold Traders Association Notify the price of gold bars, buy at 40,150 baht per gold baht, sell at 40,250 baht per gold baht, and gold jewelry. Buy gold baht at 39,431.16 baht per gold baht, sell at 40,750 baht gold baht per gold baht.

Analysts from YLG Bullion International Company Limited (YLG) said today’s gold price Try to maintain your recovery from the previous day. But there were signs of backing down.

Thai stocks closed today at 1,363.25 points, down 4.70 points (-0.34%), trading value 48,921.31 million baht The Thai stock market today fluctuates in a narrow range, similar to regional markets. After the results of the United States Federal Reserve (Fed) meeting, it was decided to maintain interest rates but there was no indication that there would be an increase in interest rates. Foreigners net sales 2,243.99 million baht (SET+MAY)

#Domestic gold price

# Thai stock market

#price #gold #country #fell #baht #dollar #strengthened #Fed #premiums

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