Gold Rates

1 baht gold price in china

Gold has long held a special place in the hearts and economies of nations around the world. Its intrinsic value, beauty, and cultural significance make it a sought-after commodity. In the context of China, a nation with a rich history and deep cultural connections to gold, the price of 1 Baht gold holds particular significance. This article delves into the historical, cultural, and economic aspects of 1 Baht gold price in China, shedding light on its role in shaping the country’s jewelry market and economy.

Historical Perspective of 1 Baht Gold

The concept of “Baht” gold dates back to ancient times when gold was used as a form of currency. The term “Baht” originates from the Thai word, which means weight. In historical China, gold was weighed and traded based on the Baht measurement, making it an essential unit of trade and wealth accumulation.

Cultural Significance

Gold occupies a central place in Chinese culture, symbolizing wealth, prosperity, and good fortune. It is often associated with celebrations, weddings, and other auspicious occasions. The Chinese fascination with gold is deeply rooted in tradition, with gifting gold jewelry considered a symbol of respect, love, and best wishes.

The 1 Baht gold jewelry pieces, often in the form of intricate necklaces, bracelets, and rings, are popular choices for weddings and other special events. The value of these pieces goes beyond their material worth; they are cherished heirlooms that are passed down through generations, carrying the family’s blessings and history.

Gold Price per Baht: A Comparison Across Karats

Karats of Baht GoldPrice in Chinese RMBPrice Change in CNY
24K¥6,740.66-¥1.87
23K¥6,459.79-¥1.79
22K¥6,178.93-¥1.71
21K¥5,898.07-¥1.63
18K¥5,055.49-¥1.40
14K¥3,932.05-¥1.09
10K¥2,808.61-¥0.78
9K¥2,527.75-¥0.70
8K¥2,246.89-¥0.62
6K¥1,685.16-¥0.47

Economic Implications

The price of 1 Baht gold is not only of cultural significance but also holds economic implications for China. The fluctuation in gold prices globally impacts China’s domestic gold market and its jewelry industry. High gold prices can influence consumer behavior, affecting the demand for gold jewelry. Conversely, during periods of low gold prices, the demand for gold jewelry tends to rise as consumers perceive it as a more affordable investment.

China’s jewelry market is vast and diverse, with both traditional and modern designs catering to various consumer preferences. The 1 Baht gold jewelry occupies a unique place in this market, appealing to those who value tradition and symbolism.

Factors Affecting 1 Baht Gold Price

Several factors influence the price of 1 Baht gold in China. Global gold prices, geopolitical stability, inflation rates, and consumer demand all play a role in determining the value of this precious metal. Additionally, changes in mining practices, supply chain disruptions, and government regulations can impact the overall availability and cost of gold.

Journey Through Time: Gold Price per Baht History

DatePrice in CNYChange From Previous Day (CNY)
Today¥6,740.66-¥1.87 (-0%)
Yesterday¥6,742.52-¥0.37 (-0%)
Aug 19, 2023¥6,742.89+¥0.84 (+0%)
Aug 18, 2023¥6,742.06-¥0.22 (-0%)
Aug 17, 2023¥6,742.28-¥28.27 (-0.4%)
Aug 16, 2023¥6,770.55-¥22.98 (-0.3%)
Aug 15, 2023¥6,793.52+¥7.41 (+0.1%)
Aug 14, 2023¥6,786.12-¥1.52 (-0%)
Aug 13, 2023¥6,787.64¥0.000 (0%)
Aug 12, 2023¥6,787.64-¥1.00 (-0%)
Aug 11, 2023¥6,788.64+¥20.73 (+0.3%)
Aug 10, 2023¥6,767.92+¥0.46 (+0%)
Aug 09, 2023¥6,767.45-¥41.26 (-0.6%)
Aug 08, 2023¥6,808.71-¥17.71 (-0.3%)
Aug 07, 2023¥6,826.42+¥25.81 (+0.4%)
Aug 06, 2023¥6,800.61-¥27.81 (-0.4%)

Investment and Hedging

Apart from its cultural and ornamental significance, gold also serves as an investment tool and a hedge against economic uncertainties. Many individuals and investors in China purchase 1 Baht gold bars or coins as a way to diversify their portfolios and safeguard their wealth in times of economic turbulence.

Conclusion

The 1 Baht gold price in China transcends its monetary value, carrying with it centuries of tradition, culture, and economic importance. As a symbol of prosperity and a means of investment, it holds a unique place in the hearts and lives of the Chinese people. Its enduring popularity in China’s jewelry market and its role in shaping economic decisions underline the enduring significance of gold in this dynamic nation. Whether as a cherished heirloom, a status symbol, or a savvy investment, 1 Baht gold continues to shine brightly in the Chinese context.

Gold Price Breakdown by Quantity

Units of GoldPrice in CNYPrice Change in CNY
1 Baht¥6,740.66-¥1.90
5 Baht¥33,703-¥9.50
10 Baht¥67,407-¥19.00
20 Baht¥134,813-¥38.00
50 Baht¥337,033-¥95.00
100 Baht¥674,066-¥190.00
1000 Baht¥6,740,655-¥1,900.00

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