
Domestic gold prices surged sharply at the market opening on Monday, June 15, 2026, with gold bars rising by 1,100 baht per baht-weight.
The Gold Traders Association’s first announcement of the day, issued at 9.03am, set the selling price of gold bars at 66,600 baht per baht-weight, up from Saturday’s single announcement, when prices rose by 150 baht to 65,500 baht.
However, gold prices fell heavily last week, dropping by a total of 2,000 baht.
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Gold ornaments:
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Spot gold prices rebounded strongly this morning to around US$4,323 per ounce, up from the previous week’s close of about US$4,218 per ounce.
US Comex gold futures closed last Friday up US$124.80 at around US$4,238.80 per ounce, supported by a weaker US dollar after signs of progress in peace talks between the United States and Iran that could lead to an end to the Middle East conflict.
Reuters reported that gold rose by about 2% on Monday after US and Iranian officials said they had reached a preliminary agreement to end their conflict, while the dollar weakened and oil prices fell.
However, the gold market’s recovery remained limited by concerns that inflation could stay elevated for some time despite lower oil prices. This may prompt the US Federal Reserve to keep interest rates high for longer.
Reuters also reported last Friday that gold was heading for a second weekly loss as expectations of higher interest rates weighed on the non-yielding metal ahead of the Federal Reserve’s policy meeting.
In Hong Kong, gold prices also opened higher on Monday, rising by HK$740 to around HK$40,120.