On June 5, 2025, the gold market opened with stable prices, unchanged from the previous day’s close. The selling price for gold jewelry stood at 52,800 baht per baht of gold.
According to the Gold Trade Association, the market opened at 9:06 a.m. with the price for 96.5% pure gold remaining steady from yesterday. Gold jewelry was sold at 52,200 baht per baht, while the buying price was 50,861.80 baht per baht of gold.
For gold bars, the selling price was 52,000 baht per baht, and the buying price was 51,900 baht per baht. Meanwhile, the gold spot price was at 3,374 dollars per ounce.
On June 4, gold futures on the New York Mercantile Exchange closed higher. This rise was supported by a weaker US dollar and increased demand for safe assets due to economic and trade uncertainties.
Gold futures on the COMEX for August delivery increased by $22.10, or 0.65%, closing at $3,399.20 per ounce.
Mr. Poon Panichpiboon, a strategist from Krungthai GLOBAL MARKETS at Krungthai Bank, said that gold prices have moved close to a resistance zone. This means there is a risk that prices could fall if no new positive factors appear to support further gains. He added that gold prices carry two-way risks for the baht, depending on gold’s price direction.
In the short term, the baht is expected to stay in the support range of 32.40 to 32.50 baht per US dollar.
The recent drop in the US dollar and the yield on the 10-year US Treasury bond, combined with ongoing uncertainty about US trade policy and geopolitical risks, have helped support gold prices. COMEX gold futures for August 2025 delivery have gradually risen, breaking above the $3,400 per ounce level.
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