Gold price today (18 July) opened at an increase of 350 baht/baht of gold. Gold jewelry price sold at 64,850.00 baht/baht.

Gold price today (18 July) opened with a price increase of 350 baht/baht of gold from yesterday's closing price. Gold jewelry selling price at 64,850.00 baht/baht of gold.

On July 18, 2026, as announced by the Gold Traders Association, the price of gold (96.5% purity) for the day opened at 9:02 AM. For the domestic gold market, the price increased by 350 baht per baht of gold from yesterday's closing price.

The selling price of gold ornaments is 64,850.00 baht per baht of gold, while the buying price is 62,580.48 baht per baht of gold.

For gold bars, the selling price is 64,050.00 baht per baht weight and the buying price is 63,850.00 baht per baht weight. The Gold Spot price is at 4,018.00 dollars per ounce.

Gold prices plunged to their lowest level in six weeks, despite a late-week rebound, as the US-Iran conflict fueled inflation and pressured interest rate expectations.

Gold is poised to close the week with its biggest drop in six weeks, fueled by inflationary pressures from the Middle East conflict and putting downward pressure on US interest rate prospects.

At 2569:03.56 AM on July 18, 6, CNBC reported that gold prices were likely to close the week with their biggest drop in six weeks on Friday (July 17), following escalating tensions between the US and Iran, which boosted oil prices, increased inflationary pressure, and supported the likelihood of a Federal Reserve (Fed) interest rate hike.

Spot gold prices rose 1.1% to $4,015.09 per ounce after earlier hitting their lowest level since July 1st. Meanwhile, August gold futures closed up 0.7% at $4,018.80 per ounce.

However, gold prices are still down 3% this week, their biggest drop since June 1st. Pressure from the conflict in the Middle East outweighs the positive factor of slowing US inflation figures for June, which were released this week.

Tim Waterer, chief market analyst at KCM Trade, said gold prices have begun a cautious recovery after falling below $4,000 per ounce, stimulating speculative buying on the dip. However, geopolitical risks in the Middle East remain, while concerns about inflation and bond yields are still major factors pressuring gold prices.

Oil prices have risen by about 12% this week amid concerns that a conflict between the US and Iran could impact oil supply. This surge in oil prices could reignite inflation concerns and increase the likelihood of higher interest rates.

Gold, being a non-interest-bearing asset, typically faces pressure in high-interest rate environments as investors tend to shift towards higher-yielding assets.

Dallas Federal Reserve President Lori Logan is the first Fed official in President Kevin Warsh's new administration to publicly call for interest rate hikes. Meanwhile, Vice President Philip Jefferson indicated he is prepared to consider raising interest rates if inflation shows no signs of improvement in the near future.

According to data from the CME FedWatch Tool , investors give a 73% probability that the Fed will raise interest rates at its December meeting.

In Asian gold markets, gold prices in India declined to their highest level in a month as buyers slowed their purchases on hopes of further price drops, while gold premiums in China remained largely stable.

Reference: www.cnbc.com

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