The Bank of Thailand has announced a package of tighter regulations on online gold trading designed to bolster financial transparency and reduce the impact of rapid price swings on the Thai currency.

The new measures, set to take effect in March, will cap the value of online gold transactions conducted in Thai baht at fifty million baht per user per day, with any activity above this threshold requiring explicit approval from authorities.

This limit is intended to address concerns that unregulated high-volume trading could influence the strength of the baht and create broader financial instability.

Users who held more than fifty million baht worth of gold in their accounts before the end of January will be exempt from the cap for the purpose of selling existing holdings back to platform operators.

Trades executed in foreign currencies, as well as physical gold transactions, will not be subject to the new limits.

In addition to the caps, the central bank’s assistant governor, Pimpan Charoenkwan, said that online gold traders will be required to maintain detailed transaction records and regularly report these to the Bank of Thailand to improve oversight of digital trading platforms.

The regulatory push comes amid a sharp increase in global gold prices, which have more than doubled this year and briefly topped five thousand dollars per ounce, driving Thai gold prices above eighty thousand baht per baht-weight and sparking concerns about market volatility.

Officials have underscored that the updated rules are intended to enhance transparency, ensure robust risk management in the sector and support broader financial stability, while not unduly hindering ordinary investors or consumers who use online platforms for smaller trades.

The reforms reflect growing recognition within Thailand’s financial authorities of the need to modernise oversight of digital commodity trading as investor behaviour evolves and electronic platforms play an increasingly central role in asset markets.