Unprecedented gold prices and a surge in retail sales may push revenue at Thailand’s largest gold trading house to a record 5 trillion baht ($157 billion) this year, according to Hua Seng Heng Chief Executive Officer Tanarat Pasawongse.
That amount would be bigger than even the government’s fiscal 2026 spending plan of about 3.8 trillion baht, testimony to the sheer number of residents in the Southeast Asian nation embracing the precious metal as a store of wealth amid low interest rates and a lackluster stock market.