BANGKOK, Jan 21 (Reuters) - Thailand will introduce a cap on gold trading by January 29 in a bid to stabilise its currency, Bank of Thailand Governor Vitai Ratanakorn told reporters on Wednesday.

Trading will be capped at between 50 million to 100 million baht ($1.6 million to $3.2 million), he said.

Sign up here.

The baht has gained about 1.0% against the dollar so far this year after a 9% rise in 2025, posing a threat to the competitiveness of the export and tourism sectors.

The central bank wants the baht to weaken and has intervened in the market to try to reduce volatility, Vitai said.

($1 = 31.1 baht)

https://www.reuters.com/world/asia-pacific/thailand-introduce-gold-trade-cap-curb-baht-rise-central-bank-chief-says-2026-01-21/