The value of gold savings owned by Thais on online platforms rose 60-70% in the first quarter of 2023 from a year earlier as global prices rose by more than 8% during the period, while domestic gold prices hit a record, according to YLG Bullion International Co.
Thailand's leading manufacturer and exporter of authentic gold jewellery and gems anticipates gold prices will remain volatile, exceeding US$2,000 if the dollar continues to weaken, said chief executive Pawan Nawawattanasap.
