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        On March 25, 2020, the Gold Traders Association <\/span><\/strong> issued a statement via their website Gold Traders Association<\/a> regarding the pricing of gold during the virus situation<\/span><\/strong>. The statement noted that due to the severe outbreak of the new coronavirus, or Covid-19, which is currently spreading worldwide, there has been a significant impact on the gold trading business. This has led to high volatility in gold prices and the determination of Premium or Discount not aligning with normal conditions, as well as issues related to the transportation and import-export of gold internationally, which cannot proceed due to reduced flights and entry-exit measures of various countries.<\/p>

In this regard, the Gold Traders Association<\/span><\/strong> held a meeting with the committee comprising retailers, wholesalers, and gold import-exporters to discuss these issues on multiple occasions. It was deemed appropriate to establish temporary measures to help balance and ensure fairness in Thailand's gold trading market by referencing gold prices according to global market mechanisms, allowing the gold trading business to operate normally within the country<\/span> and to prevent consumers from being adversely affected by potential disruptions in trading due to this crisis.<\/p>

Therefore, it was resolved to announce that the selling price and the buying price of gold bars will have a spread of 300 Baht<\/span><\/strong> to ensure that gold trading within the country can continue effectively under these abnormal circumstances, starting from Wednesday, March 25, 2020, until further notice.<\/p>

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Reference: Gold Traders Association <\/p>

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