Gold traders seek clarity on new trading rules - News Summed Up

Gold traders seek clarity on new trading rules


Gold traders seek clarity on new trading rulesListen to this articleThe Gold Traders Association (GTA) is asking the Bank of Thailand to clarify all the regulations it is set to enforce regarding gold trading, asking for more time to comply, particularly with the measure for online gold trading using dollar-based transactions. "It will take several months for gold shops to be ready to comply, especially for online gold trading to be conducted in dollars." MORE TO COMETaking effect on Tuesday, gold traders with annual gold trading volumes of 10 billion baht or more are required to report their transaction data to the central bank. Gold and currency traders view the recent regulation requiring major gold traders to report their trading volumes to the central bank as having a limited impact in slowing baht strength, but gives the regulator room to better monitor gold trading. "As long as there is no tax imposed on gold trading, which could affect both gold businesses and our customers, we won't oppose it," she told the Bangkok Post.


Source: Bangkok Post January 27, 2026 22:50 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */