From The Bangkok Post:Thailand has purchased another 30 tonnes of gold recently, increasing the total gold reserve to 130 tonnes, Bank of Thailand governor Prasarn Trairatvorakul said on Thursday.
"The amount of gold reserves represents three per cent of the country's international reserves.
"The central bank is studying whether it should raise the ceiling to more than three per cent," Mr Prasarn said.
The BOT also planned to invest in other foreign currencies besides the US dollar, the euro and Japan's yen. It now had about seven billion yuan to support the liquidity of commercial banks, he said.
Gold Traders' Association chairman Jitti Tangsithpakdi said he expected gold prices to rise further after reaching a new high last month.......read on
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