Thailand Tightens Rules on Online Gold Trading to Stabilize Baht

Thailand is implementing new regulations on online gold trading, effective March 1, 2026, in an effort to curb speculative activity and stabilize the Thai baht. The move comes as authorities link increased gold trading volumes to volatility in the currency and concerns about money laundering.

New Regulations: Key Details

The Bank of Thailand (BOT) announced the new measures on February 25, 2026, with the aim of boosting transparency and controlling the flow of funds involved in gold trading . The regulations primarily target transactions settled in Thai baht.

• Transaction Limits: A maximum limit of 50 million baht per person, per platform, will be imposed on both buying and selling gold .
• Exceptions: The regulations will not apply to transactions involving US dollars, traditional gold shops, platforms not yet offering gold sales, or futures markets .
• Existing Holdings: Individuals holding gold valued at more than 50 million baht as of January 30, 2026, are permitted to continue selling their existing holdings without time restrictions .
• Transaction Standards: Nominee accounts are prohibited for receiving or disbursing funds. Transactions must be conducted through electronic payment systems with full payment required, eliminating net settlement or offsets .
• Physical Delivery: Buyers are required to grab physical delivery of the gold once payment is completed .

Context: Rising Gold Trading Volumes

The move to regulate online gold trading follows a significant increase in trading volume. In 2025, total gold trading reached an estimated 10 trillion baht ($318 billion), doubling from the previous year . At times, daily gold trading volumes have exceeded those on the Stock Exchange of Thailand, accounting for 50-60% of total U.S. Dollar trading during peak periods .

Industry Response and Future Outlook

Major Thai gold dealers, representing approximately 90% of the market, have proposed upgrading online platforms to facilitate buying and selling in U.S. Dollars within three to six months to alleviate pressure on the baht . The BOT believes these measures will help reduce baht volatility and enhance financial stability.

The implementation of these regulations marks a significant step by Thai authorities to address the growing influence of online gold trading on the nation’s economy and currency. Continued monitoring and potential adjustments to the rules are expected as the market adapts.