📈 Thailand Overtakes Vietnam as Southeast Asia’s #1 Gold Market
• Thailand Tops Regional Gold Demand
Thailand led Southeast Asia in purchases of gold bars and coins last year with 51.4 tonnes (~36% of regional demand) — the highest in seven years, surpassing Vietnam’s 36.1 tonnes.
• Vietnam’s Demand Slips
Vietnam saw a 14% drop in gold bar and coin purchases, marking a sixth straight quarterly contraction, partly due to supply shortages and soaring local prices.
• Other SEA Markets Grow Strongly
Indonesia saw a 29% surge to 31.6 tonnes; Malaysia jumped 37% to 10.3 tonnes; Singapore posted a 48% record growth at 9.6 tonnes — signaling broad regional appetite for physical gold.
💡 Expert Insight:
Rising gold buying reflects continued investor demand for safe‑haven assets amid global uncertainties, while Thailand’s market infrastructure and consumer appetite drive strong regional growth.
#GoldDemand #SoutheastAsia #SafeHavenAssets #Investing #GoldMarket $XAG $PAXG $XAU
