By Reuters and published by CNA THAILAND’S new rules to curb online gold trading were designed to help weaken the baht, the country’s central bank said on Friday (Jan. 30) as it downplayed any impact from the United States adding Thailand to its currency manipulation monitoring list. The central bank has blamed gold trading
Tag: Gold
Thailand to strengthen controls on gold trading to curb baht rise, central bank chief says
By Reuters and published by CNA THAILAND will impose controls on gold trading as it bids to tackle its overvalued baht currency and ease pressures on economic growth, central bank governor Vitai Ratanakorn said on Wednesday (Jan. 28). The baht has gained about 1.5 percent against the dollar so far this year after a
Read moreThai gold traders with at least 10 billion baht in annual transactions must report to central bank
By Reuters and published by CNA THAI gold traders with average annual transactions of at least 10 billion baht ($320.72 million) over the past five years must report their activities to the central bank, according to the official Royal Gazette. They also need to keep transaction records for at least three years, it said
Read moreOfficials chase illegal gold mining gang in reserved forest
OFFICIALS of Thong Pha Phum National Park in Kanchanaburi province together with soldiers and Border Patrol Police moved in on a gang of 15 to 20 illegal gold miners as they were digging and panning on top of a mountain but managed to arrest only one suspect after chasing them through the thick forest,
Read moreHunt for southern insurgents who robbed gold shop
A BIG group of southern insurgents mounted a well-organised robbery of a gold shop at a shopping mall in Su-ngai Kolok district, Narathiwat province, last evening (Oct. 5) and made off with at least 500 baht weight of gold ornaments, Amarin TV said this morning. There was an exchange of gunfire with police before
Read moreYoung teacher nabbed while robbing a gold shop
A YOUNG contract teacher who said he was not earning enough to make ends meet snatched almost a million baht worth of gold ornaments from a shop in Ubon Ratchathani province but the brave saleswoman grabbed his legs as he was attempting to flee and called for help leading to his arrest, Amarin TV
Read morePrice of imitation gold jewellery climbs as real gold price skyrockets
WITH the selling price of 96.5% real gold jewellery reaching 53,500 baht a baht weight this morning (Apr. 26) a shop in Nonthaburi too has increased the price of imitation gold jewellery by 50 baht, TV Channel 7 said. As of 9.04 a.m. this morning the Thai Gold Traders Association set the selling price
Read moreDomestic gold price drops 950 baht as Middle East tensions ease
By Thai Newsroom Reporters and Reuters – published by CNA GOLD PRICE plunged globally as Middle East tensions eased with the domestic selling price of 96.5% gold ornaments dropping 950 baht to 40,950 baht a baht weight over the previous day’s close. In its fifth announcement at 10.41 a.m. today the Gold Traders Association
Read moreLocal oil and gold prices set to rise as Songkran festival ends
WITH GLOBAL oil prices still rising while gold prices have been volatile amid growing chaos in the Middle East it is expected that the local prices of both will soar after Songkran festival ends tomorrow (Apr. 17), TV Channel 7 said this morning. Thai investors are continuously buying gold leading to major local gold
Read moreDomestic gold price adjusted 32 times today, likely to reach 42,500 baht
WITH THE domestic gold price fluctuating wildly through 32 adjustments today (Apr. 8) that led to the selling price of 96.5% gold ornaments finally closing at an all time of 41,150 baht a baht weight, up 400 baht from the previous day, an expert expects gold bars to rise to 42,500 baht, Matichon newspaper
Read moreGold zooms with price up 450 baht now exceeding 40,000 baht
Updated report by Thai Newsroom and Reuters – published by Yahoo!News DOMESTIC GOLD price surged to a new record high this morning (Apr. 3) with 96.5% gold ornaments being sold at 40,200 baht a baht weight, up 450 baht from the previous day. In its third announcement at 11.04 a.m. the Gold Traders Association
Read moreGold rises to all-time high with ornament price reaching 39,050 baht
By Matichon and ThaiNewsroom.com THE domestic selling price of one-baht weight 96.5% gold ornaments soared by 600 baht today (Mar. 29) reaching 39,050 baht at noon after edging up 50 baht from morning opening at 39,000 baht with this being an all-time high. At its second announcement at 12.13 p.m. the Gold Traders Association
Read moreYaowaraj gold shops packed with traders as price soars 800 baht
By Amarin TV and Thai Newsroom THERE WAS a big rush to Yaowaraj gold shops today (Mar. 21) after the domestic selling price of 96.5% one-baht weight gold bars soared by 800 baht reaching 37,650 baht while the buying price hit 37,550 baht with this being an all time high, Amarin TV said this
Read moreKorat gold shops quiet amid sluggish demand this Chinese New Year
DESPITE CHINESE New Year usually heralding a bounce in trade of gold jewellery with people buying precious ornaments for their loved ones, this time round demand is low in Nakhon Ratchasima, or Korat, leading to gold shops remaining rather quiet, INN News said today (Jan. 21). At this northeastern city’s economic centre stretching along
Read morePolice offer cash reward to catch gold shop robber
AYUTTHAYA police have offered a 20,000 baht reward to help catch a gold shop robber who made off with 95 baht weight in gold jewellery worth over 2.8 million baht late last week with the wanted man being knowledgeable in the way police work, Thai Rath newspaper said today (Nov. 8). On Nov. 4
Read moreFormer 5-star hotel chef held for snatching gold alloy chain
A JOBLESS five-star hotel chef was arrested today (Oct. 11) after snatching a gold alloy chain and three amulets from an elderly woman in Phang Nga province three days ago, Matichon newspaper said. Mrs. Sanya Yokchua, 74, was sitting at a coffee shop in front of her house at Thai Mueang district of this
Read moreGold chain, mobile phone stolen from Russian and Indian tourists
A RUSSIAN tourist lost a gold chain to two transgender thieves while strolling on Pattaya beach and a Thai woman stole a mobile phone from an Indian man holidaying at this seaside city, Amarin TV said this morning (Oct. 3). At 11.30 p.m. last night Mr. Vadim Korni Iashchenko, 31, a Russian national filed
Read moreWoman biker dies while chasing gold chain snatcher
THE heartbroken daughter of a woman who died in Sisaket province this week after her motorcycle hit the fence of a house upon losing balance while chasing another biker who had just snatched her gold chain urged police to quickly arrest the culprit, Matichon newspaper said today (July 22). Ms. Nattaya Pongket, 28, said
Read moreRussia steps up missile strikes on Ukraine as G7 leaders gather
By Reuters, published by CNA, plus BBC Kyiv – Russian missiles hit an apartment block and kindergarten in the Ukrainian capital Kyiv on Sunday (June 26), in strikes US President Joe Biden condemned as “barbarism” as world leaders gathered in Europe to discuss further sanctions against Moscow. Up to four explosions shook central Kyiv
Read morePattaya ladyboys steal gold necklace from Indian tourist
IN A REPEAT of transgenders stealing gold necklaces from tourists, an Indian holidaymaker was targetted by two Pattaya ladyboys who made off with his gold chain worth over 100,000 baht in the wee hours of this morning (June 22), Naewna newspaper said. At 1.30 a.m. Pol. Lt. Col. Nattawat Ploenchit, an inspector at Pattaya
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