Gold falls 850 baht at the open as Gold Traders Association announces first price

InfoQuest··THUSSA·Read original
2▲0 ▼1Impact / 5
Summary · why it matters

The domestic retail price of 96.5% gold fell 850 baht per baht-weight this morning, with the Gold Traders Association announcing its first price at 9:01 a.m. Gold bars are bought at 66,800 baht per baht-weight and sold at 67,000 baht per baht-weight, while gold ornaments are bought at 65,460.88 baht per baht-weight and sold at 67,800 baht per baht-weight. An analysis by Hua Seng Heng Gold Futures Co., Ltd. said global gold remained steady, with the dollar index at 101.03 points and the 10-year US bond yield at 5.16%, after Brent and WTI crude prices fell again on data from Kpler showing Saudi Arabia accelerated crude exports in September to an average of 6 million barrels per day, the highest since the Iran war erupted about seven months ago. However, US President Donald Trump rejected Iran's conditional proposal to reopen shipping routes in the Strait of Hormuz, while the CME Group's FedWatch Tool still expects more than a 60% chance that the Fed may raise rates by 0.25% at this month's FOMC meeting, keeping the market focused on PCE and Non-Farm figures due Wednesday and Friday respectively. The SPDR fund sold 2.57 tonnes of gold last week.

Impact on assets 2

Carbon Removal (DAC)▲ · 1 stocks
CME Group Inc
CME
± MixedMonetaryrelevance

CME Group's FedWatch Tool is cited showing >60% odds of a 0.25% Fed rate hike at this month's FOMC meeting, a rate-expectation context mention.

Others▼ · 1 stocks
⛏Gold Futures
GOLD
▼ NegativeMonetaryrelevance

Gold futures pressured as the FedWatch tool signals >60% chance of a 0.25% rate hike and the SPDR fund sold 2.57 tonnes of gold last week.

Off-coverage companies 1

KplerPrivate▼ Negative
Supplyrelevance

Kpler data showing Saudi Arabia accelerated crude exports to 6 million bpd in September, the highest since the Iran war, weighed on Brent and WTI prices.

© 2026 MarketIVNews