Gold prices in Thailand fell by 600 baht per baht on Sunday, with retail bullion trading at 65,200 baht, according to local market reports.
The sharp daily decline mirrors a sustained downturn in global spot gold, which has been under pressure amid shifting macroeconomic expectations.
International spot gold prices have retreated significantly, falling 1.5% to $3,957.74 per ounce in recent sessions.
This move places the precious metal on track for a fourth consecutive monthly decline, marking a notable shift from the bullish sentiment that characterized earlier in the year.
The sell-off reflects growing market conviction that the Federal Reserve may need to raise rates or maintain a hawkish stance longer than previously anticipated, reducing the appeal of non-yielding assets like gold.
The global softening triggered immediate adjustments in local markets, where prices dropped in line with international spot rates.