Bangkok: Gold prices are expected to fluctuate sharply due to the ongoing conflict between Israel and Iran, leading to the temporary closure of several gold shops. Both online and physical gold retailers have ceased operations in response to the anticipated market volatility.

According to Thai News Agency, Hua Seng Heng has announced a suspension of online trading and all gold bar transactions due to the conflict and the subsequent attacks between Israel and Iran. The closure of international gold markets over the weekend has contributed to the absence of a definitive reference price, prompting the company to halt services until March 2, 2026.

Similarly, Mae Thong Suk Gold Shop has decided to suspend gold bar sales at their physical locations on February 28, 2026, citing the same reasons of high volatility and market closures. Despite the suspension of gold bar sales, the shop will continue to offer gold buying, pawning, and redemption services as usual, ensuring that some customer services remain unaffected during this period of uncertainty.