FACTORS AFFECTING THE PRICE OF GOLD IN THAILAND

  • วีรยา ทองประไพ
  • ธฤตพน อู่สวัสดิ์
Keywords: Consumer Price Index in Thailand (CPI), Bank of Thailand policy rate(INT), Baht exchange rate per US dollar(THB), SET Index on the SET (SET 100), Down Jones Industrial Average (DJIA)

Abstract

Study on factors affecting gold bullion prices in Thailand. The objective is to study factors affecting the price of gold bullion in Thailand. And to study the relationship between the factors and the price of gold bullion in Thailand. In this study, factors affecting the gold price in Thailand were studied. The following variables were studied. 1) Consumer Price Index in Thailand (CPI) 2) Interest Rate Policy of the Bank of Thailand (INT) 3) Thai Baht Exchange Rate (THB) 4) SET Index Price on the SET 100 And 5) Dow Jones (DJIA)

Study on factors affecting gold bullion prices in Thailand. This is used as a secondary data monthly. The data were collected from January 2012 to November 2017. Sets are included in the analysis.

The study found that factors related to gold price in Thailand are Dow Jones (DJIA), which is related to the factors affecting gold bullion price in Thailand. And in the same direction. There are significant differences from zero at the level. 5% and no correlation coefficient with gold price in Thailand. Include1) Consumer Price Index in Thailand (CPI) 2) Interest Rate Policy of the Bank of Thailand (INT) 3) Thai Baht Exchange Rate (THB) 4) SET Index Price on the SET 100 And 5) Dow Jones (DJIA)

 

Published
2018-09-01
Section
Business Administration and Management Articles

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