Gold buyers rush in as prices plunge | Bangkok Post: news

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Gold prices tipped to continue down

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The post-Songkran traffic jams were on the pavements outside gold shops on Wednesday, as buyers jammed every shop in town to buy the precious metal, which dropped 2,400 baht per baht-weight overnight. 

Gold bugs pack a gold shop in Yaowarat after the gold prices drop significantly Wednesday morning. (Photo by Thanarak Khoonton)

The Gold Trade Association adjusted the price eight times Wednesday, finally closing business at 18,950 baht for sales per baht-weight of gold bar, meaning a buying price of 18,850 baht. On Friday, as shops closed for the Songkran holiday, prices were 21,350 and 21,250 baht.

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