A survey of gold shops in the Yaowarat area found they are closing at the usual 5 p.m. time, with no posted signs suspending gold buying or selling. The market reopening on 2 March 2026 is eagerly awaited following the tense situation after Israel and the U.S. struck Iran.
On 28 February 2026, reports confirmed that the conflict escalated as Israel and the United States launched attacks on Iran, causing high volatility in gold prices.
Recently, the news team visited gold shops around Yaowarat in the evening. All shops began closing as usual at 5 p.m., but none had posted signs on their storefronts about suspending gold transactions. Most announcements are made through social media instead.
In an interview, Mr. Wanchai Jaroonyingyong, a gold trader in Yaowarat, said that gold shops are usually less busy on weekends because most traders prefer to buy and sell on weekdays when prices change more frequently than on Saturdays and Sundays.
Looking ahead to tomorrow (1 March 2026), it remains uncertain whether any gold shops will dare to open for buying and selling under the current conditions, as most have announced closures for that day.
Attention will also focus on Monday, 2 March, to see if any gold shops will resume trading amid ongoing instability in Israel. Additionally, most gold traders tend to target Monday mornings rather than weekends, since gold prices generally rise then.