Kasikorn Bank reinforces its leadership in digital banking by elevating K PLUS to an investment platform using US dollars (USD). In collaboration with four leading gold shops in the country—Hua Seng Heng, MTS Gold, YLG, and Aurora—the bank aims to assist investors in navigating market volatility and exchange rates, allowing them to access global gold prices directly and manage their investment timing more effectively.

K WEALTH of Kasikorn Bank states that in the current climate of global economic uncertainty, financial market fluctuations, and geopolitical factors affecting interest rates, diversifying into value-preserving assets like gold remains a crucial strategy. Currently, three factors suggest that gold prices are at a favorable accumulation point: 1) concerns over inflation, 2) a strengthening US dollar, and 3) profit-taking pressure following significant gold price increases over the past two years. Therefore, investors are advised to hold gold as 10-15% of their total portfolio to serve as a risk diversification tool during market volatility.

Additionally, customers can manage their investment timing more effectively with the upcoming launch of the “K PLUS Global Savings” foreign currency deposit account, which will support 10 currencies and offer a high interest rate of 2.25% per annum* on USD deposits, with no minimum or maximum limits. This allows customers to gradually accumulate or wait for the right moment to convert USD before investing in gold according to their investment plans, while still earning returns on their deposits during the waiting period. This meets the needs of investors looking to manage both assets and currency simultaneously.

4 Key Features of Gold Trading with USD through K PLUS

  1. Gold trading through K PLUS without switching apps (One-Stop Experience): Customers do not need to switch between apps; they can exchange money, hold funds, trade gold, and view their investment portfolio all within K PLUS.
  2. Gold trading through 4 leading gold shops: Including Hua Seng Heng, MTS Gold, YLG, and Aurora, providing investors with diverse options to purchase both 99.9% and 96.5% gold without any fees. Currently, trading is available with MTS Gold, with plans to gradually open services with the other three shops soon.
  3. Minimum investment starting at just 10 USD with no fees: This reduces investment barriers and opens up opportunities for retail investors to access the global gold market more conveniently.
  4. Linking to K PLUS Global Savings foreign currency deposit accounts with a high interest rate of 2.25% per annum on USD deposits*: No minimum or maximum limits allow investors to gradually accumulate USD when they see favorable exchange rate opportunities, while also earning returns during the wait for gold investment opportunities, effectively managing liquidity.

Interested individuals can trade gold using USD and open a K PLUS Global Savings account through K PLUS. For more information, contact the K-Contact Center at 02-888-8888 and check the details, limitations, and additional conditions at https://www.kasikornbank.com/k_goldplus.

*Deposit accounts are subject to exchange rate risks. Interest rates are as announced by the bank. For more details, limitations, and additional conditions, visit https://www.kasikornbank.com/k_globalsavings.

Investors should understand the nature of the products, return conditions, and risks before making investment decisions. The bank serves only as a platform provider for orders between investors and the gold shops MTS Gold, Hua Seng Heng, YLG, or Aurora. For further inquiries, contact MTS Gold Call Center at 02-770-7777, press 1, or add Line @mtsgold / Hua Seng Heng Call Center at 02-112-2222 or add Line @hshsocial / YLG Call Center at 02-687-9888 ext. 2 / Aurora Center at 02-749-4949.