Gold prices surged by 250 baht today, with ornamental gold selling at 69,500 baht. This was driven by a global gold price jump above $4,400, supported by a weaker dollar and rising oil prices.
Gold price today (10 Sept.) opened with a price increase of 250 baht/baht of gold from yesterday's closing price. Gold jewelry selling price is 69,500.00 baht/baht of gold.
On September 10, 2026, as announced by the Gold Traders Association, the price of gold (96.5% purity) for today opened at 9:00 AM for the domestic gold market. The price increased by 250 baht per baht of gold compared to yesterday's closing price.
The selling price of gold ornaments is 69,500.00 baht per baht of gold, while the buying price is 67,128.48 baht per baht of gold.
For gold bars, they sold at 68,700.00 baht/baht of gold and bought at 68,500.00 baht/baht of gold. The gold spot was at 4,415.00 dollars per ounce.
Mr. Poon Panichphibun, money market strategist, Krungthai GLOBAL MARKETS, Krung Thai Bank It was revealed that, regarding gold prices, although the overall atmosphere in the financial markets was risk-off, which provided some support to gold prices (COMEX gold futures contract for December 2026 delivery),
However, gold prices continue to face pressure from concerns over the situation in the Middle East and the prospect of interest rate hikes by major central banks, causing prices to fluctuate around $4,440 per ounce.
Gold surges more than 1%! Dollar weakens as investors await US inflation data amid rising oil prices.
Gold prices rose more than 1% on Wednesday as the dollar remained under pressure and investors awaited key U.S. inflation data this week, which could provide clues to the Federal Reserve's monetary policy, amid a surge in oil prices.
CNBC reported that spot gold prices rose 1.5% to $4,418.71 per ounce, while U.S. gold futures for December delivery increased 0.6% to $4,464.30 per ounce.
David Meger, Director of Metals Trading at High Ridge Futures. They said that there are currently some circumstances that support the gold market, as the dollar has been under slight pressure recently.
The dollar moved near its lowest level in two weeks, making dollar-denominated gold cheaper for holders of other currencies, as investors grappled with oil prices soaring above $100 per barrel amid escalating conflict in the Middle East.
Rhona O'Connell, Head of Market Analysis at Stone X. said “This time, higher oil prices are driving inflation, but reasons for this, such as freight and supply chain disruptions, are leading to higher bond yields as overall monetary policy focuses more on controlling inflation than in some periods in the past.”
The benchmark yield on 10-year U.S. Treasury bonds rose to its highest level since November 2566 before subsequently declining.
Investors are awaiting U.S. producer price index (PPI) data to be released on Thursday and consumer inflation figures to be released on Friday for signs that the Federal Reserve will raise interest rates to curb price pressures.
According to data from the CME FedWatch Tool, the market is estimating approximately a 60% chance that the Federal Reserve will raise interest rates at its policy meeting next week.
Investment advice on gold this morning from YLG.
- Yesterday, the price broke through the resistance level of $4,414. However, it was unable to break through the resistance around $4,443, leading to selling pressure and a pullback. But if the price can maintain support above $4,340, it is seen as a consolidation phase before a further upward movement.
- Buyers are advised to wait for a pullback and consider opening a buy position if the price does not break below $4,340. If it breaks below that level, delay buying and consider buying at the next support level (stop-loss if the price falls below $4,282).
- Sell for profit if it doesn't break through $4,443. If it does break through, you can hold and wait to sell at resistance levels of $4,487–4,511.
References: cnbc.com , Gold Traders Association.
Read all financial news - exchange rates - gold prices here.
