Gold Prices Spike to 66,900 Baht on January 10, 2026 – Market‑Closed Summary

Breaking: Thai Gold Prices Edge Higher, Benchmark Hits 66,900 Baht

Thai bullion markets moved upward on Saturday morning as a one-time price update showed the benchmark gold price rising by 450 baht to 66,900 baht per baht of gold. The increase is recorded for gold with a purity of 96.5 percent, with the update issued at 9:08 a.m.local time.

In the same movement, bullion and jewelry pricing reflected a tighter spread between spot values and retail marks, while the tax base quoted for valuation stood at 65,460.88 baht per baht.

Item	Price	Notes
Gold price (per baht, 96.5% purity)	66,900 baht	Declaration time: 9:08 a.m.
Gold jewelry	67,700 baht per baht	Retail pricing for jewelry
Tax base (per baht)	65,460.88 baht	Used for tax calculations
Gold bars	66,900 baht per baht	Market bullion price
Buying price (per baht)	66,800 baht	Quoted for buyers

Evergreen insights: What these numbers tell investors

prices are quoted per baht, Thailand’s traditional gold weight unit, with purity noted as 96.5 percent for standard bullion. The gap between bullion pricing and jewelry pricing reflects craftsmanship premiums and retail markups. The tax base figure helps determine value-added tax calculations in local markets.

Gold prices react to multiple drivers,including global demand,currency movements,and central-bank policy expectations. While today’s snapshot shows a local uptick, investors should watch international cues and domestic liquidity to gauge near-term momentum.

Global context and further reading

For broader context on what moves gold prices worldwide, see expert analyses from major financial outlets and the World Gold Council’s explanations of価格 dynamics. World Gold Council — Gold price and Reuters — Commodities.

reader questions

• What factors do you think will influence Thai gold prices in the coming weeks?
• Are you considering buying gold bars or jewelry at these levels, and why?

Disclaimer: This article provides details on current market prices and is intended for informational purposes only.It is not financial advice. Prices can fluctuate quickly, and readers should consult a licensed advisor before making investment decisions.

Share your take on today’s gold movement in the comments or on social media. Do you see this as a short-term shift or a longer-term trend?

SET) THB 68,200 Futures premium of ~1.8 % Daily volume (SET) 2.3 million grams 27 % rise vs. 30‑day average Gold import duty (effective) 0 % Temporary waiver announced by the Ministry of Commerce

3. How the spike affects different market participants

Gold Prices Spike to 66,900 Baht on January 10 2026 – Market‑Closed Summary

1. What triggered the sudden surge?

• Global safe‑haven demand – Heightened geopolitical tensions in Eastern Europe and the Middle East drove investors toward gold as a hedge against uncertainty.
• U.S. Federal reserve policy – The Fed’s decision to keep interest rates steady while signaling slower future hikes weakened the dollar, boosting gold prices in all major currencies, including the Thai baht.
• Thai baht weakening – The baht depreciated 1.2 % against the USD in the week leading up to Jan 10, magnifying the local‑currency price of gold.

2. Key market data (as of market close, 19:06 GMT)

Metric	Value	Note
Spot gold (USD)	$2,125 per ounce	0.9 % increase YoY
Spot gold (THB)	66,900 Baht/ounce	Highest level as 2022
Thai gold futures (SET)	THB 68,200	Futures premium of ~1.8 %
Daily volume (SET)	2.3 million grams	27 % rise vs. 30‑day average
Gold import duty (effective)	0 %	Temporary waiver announced by the Ministry of Commerce

3.How the spike affects different market participants

Investors & traders

• Short‑term opportunities – Intraday traders can exploit the 1.8 % futures premium by buying SET‑listed contracts and selling at the next session’s settlement.
• Portfolio diversification – A sudden price jump reinforces gold’s role as a counter‑cyclical asset; consider allocating 5‑10 % of a balanced portfolio to physical gold or ETFs.

Jewelry manufacturers

• Cost pressure – Retail gold jewelry prices are expected to rise 3‑4 % over the next month, influencing consumer purchasing power.
• Stock‑piling strategy – Some large jewelers have announced pre‑emptive purchasing to lock in current rates before a potential correction.

Banks & financial institutions

• loan‑to‑value recalibration – Gold‑backed loans may see tighter LTV ratios (from 80 % to 75 %) as collateral values surge.
• Wealth‑management products – New gold‑linked structured notes are being marketed, offering capped upside with principal protection.

4. Practical tips for Thai investors

1. Assess risk tolerance – Gold’s volatility can exceed 2 % in a single session during spikes.
2. Use stop‑loss orders – Set a stop‑loss at 1 % below entry to protect against sudden corrections.
3. Consider fractional gold – Platforms like GoldFin and ThaiGold allow purchases as low as 0.01 gram, ideal for beginners.
4. Watch the baht‑USD correlation – A strengthening baht could quickly erode the baht‑denominated price, even if the USD price stays stable.
5. Stay informed on policy – Monitor announcements from the Bank of Thailand and the Ministry of Commerce regarding import duties and reserve requirements.

5. Historical perspective

• 2022 peak – Gold reached THB 64,300 per ounce amid pandemic‑related supply chain shocks.
• 2023‑2024 dip – Prices slipped to THB 55,700 as the Fed raised rates aggressively.
• Early 2025 recovery – A gradual climb to THB 61,400 followed easing inflation in major economies.

The January 10, 2026 level of 66,900 Baht marks a 3.6 % increase from the previous month’s high and a 13 % jump year‑to‑date, positioning gold as the strongest‑performing asset class in Thailand for the first quarter of 2026.

6. Regional market reaction

• bangkok Stock Exchange (SET) – Gold mining stocks (e.g., PTC Gold Corp) gained an average of 4.2 % on the day.
• Singapore Exchange (SGX) – Gold futures traded at SGD 2,950, reflecting similar upside after currency conversion.
• Vietnamese dong – Gold priced at VND 1,470,000,000 per ounce, a 2.9 % rise,indicating a broader Southeast Asian rally.

7. Frequently asked questions (FAQ)

Q: Will the 66,900 Baht price hold for the month?

A: Market analysts forecast a short‑term correction of 0.8‑1.2 % as speculative buying eases, but the underlying bullish trend is expected to persist through February.

Q: Is now the right time to buy physical gold bars?

A: For long‑term holders,buying at a peak can still be prudent if you anticipate continued macro‑uncertainty. consider diversifying between bars, coins, and electronic gold accounts.

Q: How does the baht‑gold price correlation compare to the USD‑gold price correlation?

A: Over the past 12 months, the correlation coefficient between THB‑gold and USD‑gold has been 0.87,indicating strong alignment,but baht devaluation adds an extra 0.13 % upward pressure on the local price.

8. Actionable next steps

1. Set up price alerts on your brokerage platform for THB 66,500 and THB 67,200 to capture breakout or reversal moves.
2. Review portfolio allocation – If gold already exceeds 10 % of assets, consider trimming to lock in gains.
3. Explore gold‑denominated ETFs – Options like SET‑Gold ETF (Ticker: GOLDB) provide liquidity without storage costs.
4. Engage with a financial advisor – Discuss tax implications of gold sales, especially under Thailand’s capital gains regulations.

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data sourced from the Thailand Gold Exchange, Bank of Thailand daily reports, and global market feeds (Bloomberg, Reuters) as of January 10, 2026, 19:06 GMT.