Gold price surge boosts pawnshop business in Thailand

today.line.me (Thai)

Gold prices surged, causing pawnshops to scramble for cash to pay customers and profit from increased loan values. The rising gold price, exceeding 60,000 baht per baht weight, has led to a surge in customers pawning gold and increasing their loan amounts. This has forced municipal pawnshops nationwide to urgently mobilize reserve funds for operational liquidity. This trend is observed across approximately 247 municipal pawnshops in Thailand, with daily transactions averaging around 1 million baht each, contributing to a significant monthly turnover.


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Gold price surge boosts pawnshop business in Thailand | News Minimalist