# Bank of Thailand to Cap Online Gold Trading to Ease Baht Pressure

- Link: https://www.thailand-business-news.com/banking/280901-bank-of-thailand-to-cap-online-gold-trading-to-ease-baht-pressure
- Published: 2026-01-22T17:22:55+07:00
- Author: Nguyen Trang

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Thailand’s central bank will impose limits on online gold trading by January 29 
to reduce upward pressure on the baht, which has strengthened significantly against
the dollar.

**Key Details:**

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 * Daily online gold trading will be capped at 50-100 million baht per account
 * The baht has gained 1.2% against the dollar this year, following a 9% rise in
   2025
 * Gold trading and foreign fund inflows have driven the baht’s sharp appreciation
   over recent days
 * The central bank raised the foreign income repatriation threshold from $1 million
   to $10 million per transaction
 * Governor Vitai Ratanakorn noted the bank’s intervention capacity is limited to
   the onshore market, which represents only 40% of total forex transactions
 * A specific business tax on gold trading may be considered after assessing the
   impact of these measures

**Why It Matters:**
The baht’s strength threatens Thailand’s export competitiveness
and tourism sector, prompting the central bank to implement multiple measures to
weaken the currency and align it with economic fundamentals.