🪙 Thai Gold Trading Tax Faces Backlash Amid High Gold Prices

Thai authorities are considering a tax on online gold trading to curb speculative flows that strengthen the baht. Gold dealers strongly oppose the move, warning it could hurt Thailand’s gold market. Current gold prices remain elevated, driving both domestic and international interest.

Gold bars (96.5%): ~64,300 THB per baht‑weight

Gold ornaments: ~65,100 THB per baht‑weight

Proposed tax is still under discussion, no final rates decided.

Dealers caution that a tax may reduce liquidity and push trading offshore.

Balancing currency stability and market competitiveness is critical — a gold trading tax may reduce speculative inflows but risks hurting Thailand’s status as a gold hub.

#GoldTrading #MarketRegulation #Baht #Commodities #Finance $PAXG $XAU

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