Gold prices jumped 200 baht today, with ornamental gold selling at 69,050 baht, driven by buying interest despite market expectations of a Fed interest rate hike.

Gold price today (12 Sept.) opened with a price increase of 200 baht/baht of gold from yesterday's closing price. Gold jewelry selling price is 69,050.00 baht/baht of gold.

On September 12, 2026, as announced by the Gold Traders Association, the price of gold (96.5% purity) for today opened at 9:03 AM. For the domestic gold market, the price increased by 200 baht per baht of gold from yesterday's closing price.

The selling price of gold ornaments is 69,050.00 baht per baht of gold, while the buying price is 66,688.84 baht per baht of gold.

For gold bars, they sold at 68,250.00 baht/baht of gold and bought at 68,050.00 baht/baht of gold. The gold spot was at 4,349.00 dollars per ounce.

Gold recovers more than 1%! Investors are buying on dips despite concerns about a Fed interest rate hike following strong US inflation.

Gold prices recovered more than 1% on Friday, driven by bargain hunting after a sharp decline, despite strong U.S. inflation data fueling expectations of a possible Fed rate hike next week. However, gold continues its losing streak for the third consecutive week.

CNBC reported that gold prices edged up more than 1% on Friday, recovering from recent losses and finding short-term support, despite strong U.S. inflation data boosting expectations that the Federal Reserve (Fed) will raise interest rates next week.

Spot gold prices rose 1.1% to $4,363.01 per ounce. However, gold prices are still down approximately 1.5% over the week.

“Gold is recovering quickly after a brief dip as CPI data may reinforce expectations of a Fed rate hike next week. Volatility is relatively limited as the market already has a 70% chance of anticipating a rate hike,” said Tai Wong, an independent metals trader.

"Price movement at this point indicates that gold is forming a short-term base after a recent downturn."

U.S. gold futures closed nearly unchanged at $4,408.90 per ounce.

Gold prices fell nearly 2% on Thursday after U.S. producer price index (PPI) data showed prices rising as expected in August.

The consumer price index (CPI) rose 0.4% last month, after increasing 0.1% in July, according to data released Friday by the U.S. Bureau of Labor Statistics.

Oil prices fell, but are still trending upwards this week.

Higher oil prices have fueled concerns about inflation and increased speculation about interest rate hikes. While gold is typically seen as a hedge against inflation, rising interest rates are reducing the attractiveness of non-yielding gold bullion.

Investors are estimating an 87% chance that the Federal Reserve will raise interest rates at its monetary policy meeting next week, up from 67% prior to the release of inflation data, according to data from the CME FedWatch tool.

Gold demand in India was sluggish this week as price volatility prompted buyers to delay purchases, while investment demand remained strong in China, a major gold consumer.

References: cnbc.com , Gold Traders Association.

Read all financial news - exchange rates - gold prices here.