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Thailand considers tax on gold trades to slow rally in baht
By Suttinee Yuvejwattana
Bloomberg News
via The Business Times, Singapore
Monday, September 15, 2025
BANGKOK -- Thai authorities are reported to be considering a tax on physical gold trading to slow a rally in the nation's currency that has threatened exports and tourism. The baht fell the most in six weeks.
The Bank of Thailand and Ministry of Finance are discussing ways to tax gold bought and sold through various online channels and settled in baht, according to people familiar with the matter. Any such levy may exempt gold traded in U.S. dollars, on futures exchanges, or purchases made from bullion shops, the people said.
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With the tax, authorities aim to reduce exports of gold and make it more expensive for Thais to own the precious metal, the people said, adding that dollar inflows tied to bullion shipments were among the factors strengthening the baht. ...
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