Gold prices in Thailand retreated on Sunday, with local bullion dealers cutting rates by 200 baht to 64,650 baht per baht.
The decline mirrors a broader softening in global precious metals markets, where international spot rates have pulled back from recent peaks.
This pullback comes shortly after the World Gold Council raised its 2026 price target to $4,100, citing shifting sentiment and strong institutional demand.
The local adjustment follows a weekend of selling pressure in international markets.
Spot gold prices fell by $10 to $4,088 per ounce on Saturday, reflecting a loss of momentum after the metal’s recent rally.
Traders appear to be taking profits as the pace of buying slows, leading to a modest correction in both global and regional benchmarks.
This pullback comes shortly after the World Gold Council raised its 2026 price target to $4,100, citing shifting sentiment and strong institutional demand. Despite the optimistic long-term outlook, short-term volatility remains elevated as markets digest recent gains.