Siam Commercial Bank partnered with three major Thai gold merchants (Hua Seng Heng, MTS Gold, YLG) to launch SCB Gold Marketplace via its SCB EASY app. The service enables USD-denominated gold trading (96.5% and 99.99% purity) at global rates with zero fees, low entry point (0.05 oz), and options for physical delivery or withdrawal. This positions SCB's digital platform as an integrated wealth/investment hub addressing growing Thai investor demand for gold (top 1 in ASEAN, top 10 globally) and dollar-denominated assets amid economic volatility.
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