BOT Caps Online Gold Trading to 50M Baht/Day; Identifies Affected Parties

Post Today•Economy•267d ago

Reader Briefing

Bank of Thailand imposes daily limits on baht-denominated online gold trades to stabilize the baht.

•The Bank of Thailand (BOT) has introduced new regulations for online gold trading in Thai Baht, limiting transactions to 50 million Baht per person per day.
•This measure aims to reduce the impact of gold transactions on the baht's exchange rate stability, as high trading volumes were found to strengthen the currency.
•The new rules, effective March 1, 2026, will specifically affect online baht-denominated gold trading and do not impact dollar-denominated trades or physical gold shops.

Overview

•The Bank of Thailand (BOT) has issued a notice, "Regulation and Procedure for Foreign Exchange (No. 37)", to set rules and conditions for domestic gold trading via online platforms.
•High volumes of gold transactions in Thailand, which reached 337,779 million Baht in 2025, have been found to directly impact the Baht's value, causing it to strengthen.
•When customers sell gold to gold shops, the shops must sell gold abroad to obtain US dollars, then exchange these dollars for Baht to pay customers, which further pressures the Baht to strengthen.
•The BOT has set a limit of 50 million Baht per person per day for buying or selling gold in Baht on online platforms.
•This measure specifically impacts the buying and selling of baht-denominated gold on online platforms; it does not affect dollar-denominated gold trading, over-the-counter gold purchases, or futures trading.
•The new regulations will come into effect on March 1, 2026.
•Customers holding more than 50 million Baht in gold as of January 30, 2026, can sell this gold on the platform without daily limits or time restrictions.
•The BOT has also implemented other measures recently, including tightening FX transaction document checks for banks and increasing the minimum value for required supporting documents for incoming FX transactions to $200,000 USD.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Quotes

Pimpharn Charoenpan

"Determining the baht-denominated gold trading limit on online platforms, setting conditions for gold trading on online platforms, and reporting gold transaction data."

กำหนดวงเงินซื้อขายทองคำสกุลบาทบนแพลตฟอร์มออนไลน์ กำหนดเงื่อนไขการซื้อขายทองคำบนแพลตฟอร์มออนไลน์ การรายงานข้อมูลธุรกรรมทองคำ

Pimpharn Charoenpan

"This measure will only affect baht-denominated gold trading on online platforms."

มาตรการนี้จะ กระทบเฉพาะการซื้อขายทองคำบนแพลตฟอร์มออนไลน์สกุลเงินบาทเท่านั้น

Key Entities

Organization

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The central bank of Thailand that is implementing new regulations on online gold trading.

The Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The stock exchange whose trading value is used for comparison with gold trading volumes.

TFEXℹ️

Derivatives and Futures Exchange where gold trading is not affected by the new regulation.

Person

Pimpharn Charoenpan(นางสาวพิมพ์พันธ์ เจริญขวัญ)

Assistant Governor, Financial Markets Department of the Bank of Thailand, who announced the new regulations.

Law

Regulation and Procedure for Foreign Exchange (No. 37)(เจ้าพนักงานควบคุมการแลกเปลี่ยนเงิน เรื่อง หลักเกณฑ์และวิธีปฏิบัติเกี่ยวกับการแลกเปลี่ยนเงิน (ฉบับที่ 37))

The specific regulation issued by the Bank of Thailand that introduces new rules for online gold trading.