As the Bangkok Post reports, seven gold futures dealers have agreed in principle on the format of a physical gold exchange, moving a step closer to establishing the country's first spot gold market.
The dealers, which have a combined 90% market share of trade in paper and physical gold, have unanimously agreed on the make-up of the spot gold exchange, said Gold Traders Association chairman Jitti Tangsithpakdi.
The plan will be proposed to the Thailand Futures Exchange (TFEX) on Aug 18.
The dealers, which have a combined 90% market share of trade in paper and physical gold, have unanimously agreed on the make-up of the spot gold exchange, said Gold Traders Association chairman Jitti Tangsithpakdi.
The plan will be proposed to the Thailand Futures Exchange (TFEX) on Aug 18.