Malthus101

Buying Gold Jewelry in Thailand

33 posts in this topic

Hello...you seem to know a lot more about this topic than I...so I'll just make a comment to anyone reading this thread...when I first visited here, a few years ago, I bought a few items at MBK and some more at vendors in BKK...out of 7 pieces, only 1 proved to be genuine gold...the rest were plated, but sold as solid gold...so if you are just visiting and wish to take something home with you, I wouldn't...if you reside here, at least you can file a police report if you are cheated...

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I wouldn't buy gold in Thailand at all. A large percentage of it is fake gold. Thailand, Vietnam and China are the 3 countries in Asia where you're most likely to be sold fake goods. Even a lot of the mobile phones sold in Thailand are fake ones that can emit a much higher than normal level of radiation. Most of them are made in Vietnam, but they are also sold in Thailand.

That's not true.There are some reputable shops in Thailand.They have A good reputation.I have gold chains

That I have purchased there,took them back to the US and had them tested.They were between 23and 24K.

As far as counterfeit stuff goes,you can buy counterfeit stuff anywhere.

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My wife purchased some gold chain from Chiang Mai's leading gold shop. When she tried to sell it in the US we took it to a gold shop in our local Chinatown where the owner convincingly demonstrated to me that it was heavy gold plate. He then proceeded to replate the chain in front of our eyes to make it look new again. The wife did eventually take the chain back to the original gold shop in Chiang Mai where they did buy it back at that day's listed price with no questions asked. I had a gold ring purchased from the same shop. When I took it to a jeweler in the US to get resized the jeweler refused based on past experiences with Thai gold rings not being the solid baat gold as claimed.

So your mileage may vary. There may now be some reputable gold shops in Bangkok catering to the elite. But I would not trust your typical red and gold colored Chinese gold shop in Thailand as far as I can spit. The only redeeming feature is that once they have scammed you they are willing to buy back the piece. So even the fake Thai gold pieces do have some investment value if retained and sold in Thailand when the price of gold increases.

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Hello...you seem to know a lot more about this topic than I...so I'll just make a comment to anyone reading this thread...when I first visited here, a few years ago, I bought a few items at MBK and some more at vendors in BKK...out of 7 pieces, only 1 proved to be genuine gold...the rest were plated, but sold as solid gold...so if you are just visiting and wish to take something home with you, I wouldn't...if you reside here, at least you can file a police report if you are cheated...

Obviously buying gold from MBK would be a mistake, it is a tourist trap.

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My wife purchased some gold chain from Chiang Mai's leading gold shop. When she tried to sell it in the US we took it to a gold shop in our local Chinatown where the owner convincingly demonstrated to me that it was heavy gold plate. He then proceeded to replate the chain in front of our eyes to make it look new again. The wife did eventually take the chain back to the original gold shop in Chiang Mai where they did buy it back at that day's listed price with no questions asked. I had a gold ring purchased from the same shop. When I took it to a jeweler in the US to get resized the jeweler refused based on past experiences with Thai gold rings not being the solid baat gold as claimed. So your mileage may vary. There may now be some reputable gold shops in Bangkok catering to the elite. But I would not trust your typical red and gold colored Chinese gold shop in Thailand as far as I can spit. The only redeeming feature is that once they have scammed you they are willing to buy back the piece. So even the fake Thai gold pieces do have some investment value if retained and sold in Thailand when the price of gold increases.

Some of the older Chinese gold shops in Chinatown have been there since 1880 - I doubt they would have lasted that long selling fake gold nor would they risk their reputation and success by beginning now!

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Hello...you seem to know a lot more about this topic than I...so I'll just make a comment to anyone reading this thread...when I first visited here, a few years ago, I bought a few items at MBK and some more at vendors in BKK...out of 7 pieces, only 1 proved to be genuine gold...the rest were plated, but sold as solid gold...so if you are just visiting and wish to take something home with you, I wouldn't...if you reside here, at least you can file a police report if you are cheated...

As I said...there are some shops cheating people.

You can also tell , to a degree if it is gold just by the weight of it in your hand.

Also always ask for a assay report or you will not buy it and demand a money back guarantee if it is not 23 K gold.

Having a little knowledge on the subject always helps...same as buying any product so use the internet to educate yourself about gold and learn to identify the fake from the real deal

Best to buy in the China town area where the legitimate Thai baht gold trading shops exist and sell the real deal...23 K gold that is.

Cheers

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Remember when you buy that Thai gold does not carry an Assay mark. If you wanted to sell it in another country the price you would receive would be low. Only way you could overcome that would be to have the item(s) sent to an Assay office and get the stamp verifying exactly what carat the item is.

Karat is for gold, carat is for diamonds.

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I have a 2 baht chain I bought in the early 80's. Went to a gold shop on canal street New York and was offered full value for it. Chinese guy used loop and was satisfied it was the real deal. So you can sell Thai gold outside of Thailand

Strange considering a loop can't be used to identify real or fake gold.

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Remember when you buy that Thai gold does not carry an Assay mark. If you wanted to sell it in another country the price you would receive would be low. Only way you could overcome that would be to have the item(s) sent to an Assay office and get the stamp verifying exactly what carat the item is.

Karat is for gold, carat is for diamonds.

..and..

post-200208-0-76153100-1466585496_thumb.

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I have a 2 baht chain I bought in the early 80's. Went to a gold shop on canal street New York and was offered full value for it. Chinese guy used loop and was satisfied it was the real deal. So you can sell Thai gold outside of Thailand

Strange considering a loop can't be used to identify real or fake gold.

Strange if you would even think that just looking at gold it could be assayed. He was looking at the chop imprinted on the clasp! I did buy in a large old shop in Chinatown BKK. Guess you had no idea that the good stuff is marked.

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ive bought in chinatown & sold in london , but the israeli buyer in Hatton Garden would not go above 22k (92%) price. insisting 23k (96.5) didnt exist.

 

i made profit but only due to price increase between buying & selling.

 

wouldn't recommend.

 

 

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 Mrs bought Lowe gold its more pure,

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I would like to buy a gold  chain and   ' name   gold pendant '.

With  either the first initial  (E)  or the full name (  Emma)  written in

Thai.

 

Tried Pattaya  and failed  ,  can anyone recommend somewhere in Bangkok ?

Thanks.

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BANGKOK 23 May 2017 21:36
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