A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP
A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP

For Thailand’s Covid-hit economy, all that glitters is not gold as baht rallies

  • Surging sales of the precious metal are complicating the government’s bid to rein in the baht
  • Bullion traders expect the trend to continue into 2021 as the coronavirus drags on tourism and manufacturing

Topic |   Coronavirus pandemic
A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP
A customer at a gold shop in the southern Thai province of Narathiwat. Photo: AFP
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