gold Prices Surge in Thailand, Closing Up 500 Baht on September 16, 2025
Bangkok – Gold prices in Thailand experienced a meaningful increase on September 16, 2025, closing the market up 500 baht following four fluctuations throughout the day. The gains come amid global market anticipation of a potential interest rate cut by the U.S. Federal Reserve and a weakening dollar. This price movement impacts investors, jewelers, and consumers across the country.
The upward trend is fueled by a combination of international factors – including a rise in the world gold price to $3,700, driven by a depreciating dollar index (DXY) falling to 97.0 units from 97.6 – and domestic market dynamics. The CME Fedwatch market currently indicates a 96.1% probability of a 0.25% interest rate reduction by the Fed on Wednesday. Confirmation of Stephen Miran as Fed Governor, coupled with his advocacy for lower interest rates and potential attendance at the September 17-18 FOMC meeting, further supports this expectation. Major U.S. banks, including Citi Group, Goldman Sachs, and JP Morgan, also predict a rate cut this year.
Here’s a breakdown of the gold price fluctuations on September 16, 2025:
4th time, plus 50 Baht
* Golden: Buy 55,300 baht per baht, Sell 55,400 baht per baht
* Gold: Buy 54,197 baht per baht, Sell 56,200 baht per baht
3rd Time, Plus 50 Baht
* Golden: Buy 55,250 baht per baht, Sell 55,350 baht per baht
* Gold: Buy 54,151.52 baht per baht, sell 56,150 baht per baht
2nd Time, Minus 50 Baht
* Golden: Buy 55,200 baht per baht, Sell 55,300 baht per baht
* Gold: Buy 54,090.88 baht per baht, Sell 56,100 baht per baht
1st Time, Plus 450 Baht
* Golden: Buy 55,250 baht per baht, Sell 55,350 baht per baht
* Gold: Buy 54,151.52 baht per baht, Sell 56,150 baht per baht
Analysts recommend a cautious approach to short-term buying, suggesting a strategy of accumulating purchases at support levels. For international gold, support is seen at $3,675 with resistance at $3,720, and a sell-off advised if the price falls to $3,660.domestically, a buy strategy is suggested at 55,200 baht with a profit target of 55,600 baht, and a sell order if the price drops to 55,100 baht.
Further Data:
* https://www.thaipbs.or.th/news/content/356562