Gold traders and Bank of Thailand Discuss Controls
By Nuntawun Polkuamdee
Bangkok Post
Thursday, December 25, 2025
Gold traders have proposed dollar-denominated trading as a way to curb baht volatility, as the Bank of Thailand scrambles to ease the strength of the Thai currency while bullion soars to a fresh all-time high.
The market is focused on Friday's meeting between Thai gold traders and the central bank, as the industry pushes for alternative measures to relieve pressure on the baht.
... Dispatch continues below ...
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The debate comes as the baht has gained 4.2% over the past month and international gold prices increased 9.3%.
Pawan Nawawattanasub, chief executive of YLG Group, said the industry already submitted proposals to the central bank, including allowing clients to trade gold directly in U.S. dollars.
"At present, gold traders are not permitted to let customers open dollar-denominated trading accounts directly. All foreign exchange conversion must go through commercial banks," she said, adding YLG is working with several banks to adjust its spot gold trading system. ...
... For the remainder of the report:
https://www.bangkokpost.com/business/investment/3163125/gold-traders-and-bot-discuss-controls [4]
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