Thailand's gem and jewelry exports experienced a significant surge in January 2025, with the total export value reaching approximately $2.90 billion, marking a 148.87% increase compared to the same period last year.

This growth positions the sector as one of the country's leading export industries.

Gold exports played a pivotal role in this upsurge, amounting to $1.17 billion, a 148.95% increase year-on-year.

This substantial growth is closely linked to rising gold prices, which averaged around $2,709.69 per ounce in January 2025. The upward trend in gold prices has been influenced by various factors, including geopolitical tensions and economic uncertainties, prompting investors to seek safe-haven assets.

Notably, forecasts suggest that gold prices could continue their ascent, with projections reaching up to $3,000 per ounce in the near future.

The impressive performance of Thailand's gem and jewelry sector in January 2025 underscores its resilience and adaptability in a fluctuating global market, bolstered by strategic export initiatives and favorable commodity prices.