Thai Gold-Trading Curbs Take Effect as Authorities Rein in Baht

Thailand implemented new gold-trading restrictions on March 1, 2026, to stabilize the baht currency amid economic volatility. The measures, enforced by financial authorities, limit speculative gold transactions to curb excessive capital flows affecting the baht’s exchange rate. Traders now face stricter reporting requirements and reduced leverage, targeting short-term speculation rather than long-term investment. The move follows months of baht appreciation, which authorities attribute partly to gold-driven capital inflows, threatening export competitiveness. Analysts warn the curbs may shift trading to unregulated markets, though officials insist the rules will enhance financial stability.