The Bank of Thailand lists a limit on paying cash for gold purchases and sales above THB 10 million among the next steps in its measures under the Framework for Safeguarding the Financial Sector from Illicit Activities, beside limits on deposits, transfers and money exchanges of THB 5 million and above at commercial bank branches. The rule behind the gold limit is set out in the BOT’s consultation paper on a draft exchange-control rule for gold bars traded at gold-shop counters, open for comment from 22 July to 20 August 2026. The draft lets a gold shop take or pay cash for bars up to THB 1–10 million per customer, per day, per shop or branch, and up to THB 10–80 million on the same basis in trades between gold shops, with any amount above paid electronically.
Under the draft, the part of a payment above the ceiling moves to an electronic transfer from an account that a bank, specialised financial institution or e-payment provider has identified and monitors under the BOT’s KYC, CDD and EDD requirements. Online gold platforms have taken payment only electronically since the BOT’s rules of early 2026, and the BOT caps purchases or sales on baht-settled platforms at THB 50 million per person per platform. The consultation paper sets that against the gold-shop counter, where no rule yet governs the form of payment. Cash withdrawn to pay at a counter is checked at the bank first: a withdrawal of THB 5 million or more in a day obliges the bank to verify its purpose and request supporting documents. For a counterparty buying bars from a Thai gold shop over the counter, or selling bars to one, the settlement record for any amount above THB 10 million becomes an electronic transfer between identified accounts. Among the draft’s other conditions, the customer takes or makes delivery of the bars itself, so the party paying and the party collecting are the same. The consultation paper states that the draft changes how bars are paid for and places no limit on the value traded.
The consultation closed on 20 August 2026, and the ceiling applies from the date the BOT sets when it issues the rule under Thailand’s exchange-control law.