Could Thailand’s growing gold obsession be hurting its own economy? . As global investors rush into gold, Thailand has seen explosive growth in both consumer and institutional gold trading. That surge is strengthening the Thai currency, making the country more expensive for visitors and weakening trade competitiveness. . At the same time, authorities are raising alarms over grey money, money laundering, and illegal financial flows moving through gold trading channels and digital gold platforms.

Thai Baht-Gold Correlation . Thailand's currency is breaking all the rules. While the Thai baht traditionally weakened during global uncertainties, it's now strengthening alongside surging gold prices—appreciating 7% this year to its strongest levels since 2021. . This unprecedented correlation has caught economists off guard as it defies decades of established currency behavior. . The phenomenon stems from Thailand's massive role in global gold markets and record-breaking local demand. As Thais