Political Economy in Determining the price of Gold in Thailand form 1997-2017

Abstract

The researcher examines (1) to study what role the government has in determining the gold price from 1997-2017 (2)To study the process, problems, and obstacles to the Gold Trade Association's domestic gold pricing operation. The study is qualitative research by collecting data from documentary research and in-depth interviews, the results can be summarized as follows: The results of the research are as follows: (1) Year 1997-2017 Gold price determination the price is determined by the Gold Traders Association. While the government does not play a role in determining the price of gold But will be the policymaker, supervising, issuing regulations to facilitate Make fair gold trading for all parties involved. And focusing on gold measures that are important to the economy And the country's finances Therefore comes in the form of policies and measures to promote investment and compete in the gold trade and speculation (2) Problems and obstacles in the operation of the gold trade association in the determination of gold prices in the country is not very much. The discretion of each committee member may be different, but the conclusion must be shared before announcing the price. In terms of development in the form of the Gold Traders Association, The pricing of gold is quite appropriate for the current situation. Because it has high flexibility in considering and announcing prices And all 5 committee members have professional experience in gold trading And have a good understanding of the gold market conditions and do not see the need for the government to be part of the committee The role of government should focus on supervision and promotion by allowing to be following the market mechanism.