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Khun Bob

How Much Does 1 Baht Of Gold Weigh ?

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I guess you've seen the jewelers shop proces for 1 baht of gold.

I also get daily prices on 1 ounce of gold on dollars and pounds sterling. So I can make a comparision it would be good to know what 1 baht of gold weighs i grammes and fraction of an ounce.

If there is anything else you would like to add feel free. I'm assuming that to compare the spot gold price with the baht price in thai gold shops is a fair comparison - ie the gold is very close to being pure.

Cheers

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We could add that 1 oz = 31.15 grams.

And gold in thailand is 96.5 % pure (23 carats). In Europe, we use more 18 carats.

As you say, it's "fair" to compare with spot price USD for 1 ounce on world market : gold is gold.

This is why, it's useless to "negociate". Gold shop make their margin with the premium you pay for jewlery (the work).

Here is price for Thailand :

http://www.goldtraders.or.th/index_en.php

Last thing : hurry ! The gold is going up, up. :o

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Thanks for the replies

So....

1 baht if gold is 15.2g or 0.488oz (0.48796147672552166934189406099518 more accurately given above data)

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Thanks for the replies

So....

1 baht if gold is 15.2g or 0.488oz (0.48796147672552166934189406099518 more accurately given above data)

just curious. Does gold always get calculated as a troy pound in the papers? If not that will make a difference in the calculation per ounce.

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Just a quick one (And a liitle bit off Topic) a friend of mine was buying some Gold for his Girlfriend and noticed a nice chunky Gold Chain that he thought would be good for him, Stared to negotiate with the Jeweller, then offered his "Argos-type" 9 Carrot Gold Chain as some of the price, honestly I could swear the gold merchant laughed before he said no thanks, not interested

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"Does gold always get calculated as a troy pound in the papers?"

What papers? I've read about Troy ounces - there's 12 of them to a pound.

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Just a quick one (And a liitle bit off Topic) a friend of mine was buying some Gold for his Girlfriend and noticed a nice chunky Gold Chain that he thought would be good for him, Stared to negotiate with the Jeweller, then offered his "Argos-type" 9 Carrot Gold Chain as some of the price, honestly I could swear the gold merchant laughed before he said no thanks, not interested

Yes in the UK the most common jewelry sold is 9 carat. Try flogging that even over the water in France and you would be charged with fraud. 9 carat is only 9/24th "gold".

The history of this 9 carat is interesting. During the second world war the goverrnment needeed all the gold it could conserve to pay the Americans for guns. People however had to marry...war or no war so Churchill released some metal for wedding rings . The choice was unlimited platinum then a cheap metal without much use, or 9 carat gold. The lucky brides with foresight , now our grandparents, chose platinum which is now worth ten times 9 carat gold !!

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Yup never touch 9k gold...... might as well be buying costume jewellery.

If you really want have a laugh then offer to buy your Thai Misses some 9k stuff and watch the face do all kinds of strange things as she trys to come to terms with the concept of owning farang gold :D:o

One thing I have never quite understood is they do an awful lot of business with 9k here but also set real good quality stones in it. :D

Now I just don't get why anyone would spend loads of money on "lets say a diamond cluster ring" set in 9K :D

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I thought that the point of 9 carat is that the other metal in the ring or chain makes it much harder than high-carat gold would be. So it isn't soft enough to wear away.

However, as 'savings against a rainy day', the ring or chain is not such a good investment as getting out the gold means a costlier process.

Incidentally, I find that Thai gold shops don't trust each other. The good ones will buy back what they have themselves sold to you.

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I thought that the point of 9 carat is that the other metal in the ring or chain makes it much harder than high-carat gold would be. So it isn't soft enough to wear away.

However, as 'savings against a rainy day', the ring or chain is not such a good investment as getting out the gold means a costlier process.

Incidentally, I find that Thai gold shops don't trust each other. The good ones will buy back what they have themselves sold to you.

hi before you all laugh :o ,

i bought a 24 carat gold ring in bkk on my first trip to los ( long time ago now ) i forgot all about it as i never fitted my finnger very well , when i moved here to live i asked my wife if she wanted it to sell or swop for gold she could where .... every shop she took it to said NO CHANCE 24 carat for export only ... i will have to sell when i leave los some time ... any1 else been told the same .??? ( cost 4 years ago 25,000 bt ) .....martyn....

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I thought that the point of 9 carat is that the other metal in the ring or chain makes it much harder than high-carat gold would be. So it isn't soft enough to wear away.

that's a fairy tale Martin which is mostly spread in the U.S. of A. my wife owns since many years 24k gold jewelry such bracelets, necklaces and rings and never had a problem. only when precious stones are set the goldsmiths use 20-21k or lower (in rare cases which depend on the settings 22k).

quite some years ago i lived in Saudi Arabia where they would have chopped of a jeweller's hand if he sold anything below 18k and called it "gold".

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... every shop she took it to said NO CHANCE 24 carat for export only ...

then it wasn't 24k and the jewellers were too polite to tell!

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If you really want have a laugh then offer to buy your Thai Misses some 9k stuff and watch the face do all kinds of strange things as she trys to come to terms with the concept of owning farang gold :D:o

i don't have a thai missus but i wouldn't dare to offer my old lady anything below 20k as i'd be afraid of the consequences (like hitting me over the head with the next hard object she can grab).

:D

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BANGKOK 25 July 2017 17:54
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