VNExpress-Feb 3
Thailand led Southeast Asia in demand for gold bars and coins last year, with purchases totaling 51.4 tons, around 36% of the region’s overall demand, according to the World Gold Council. This marked the highest in seven years and was valued at more than US$6 billion. The country displaced Vietnam, which had been the region’s largest market in 2024 with demand of 42.1 tons. In total, five major Southeast Asian gold markets saw bars and coins purchase surging more than 15% last year to a total of 139 tons, highest in nine years. Vietnam came second with purchases of 36.1 tons. But it was the only country that posted a decline in sales, down 14%. Together, Thailand and Vietnam accounted for two-thirds of Southeast Asia’s gold demand. In the third place was Indonesia with 31.6 tons in sales, a 29% surge. This was the highest volume in 12 years. Malaysia came fourth with demand jumping 37% to 10.3 tonnes, also a 12-year high.
In the fifth place, Singapore posted the largest growth in the region at 48% with 9.6 tons sold, a new record in volume. Global demand for gold bars and coins totaled 1,374 tons, equivalent to $154 billion, with China and India remaining the two largest markets. Together, the two countries accounted for more than half of total global bar and coin demand. Read more at: https://e.vnexpress.net/news/business/economy/thailand-overtakes-vietnam-as-southeast-asia-s-top-market-for-gold-demand-5013468.html
