Thread: Gold in Thailand

...why do you think gold is cheaper here?...

i don't think there is a difference, or at least shouldn't be. The way i understand it gold has an international value.So the price is the same anywhere. What usually happens is the economy gets shaky , the dollar gets weak, people get nervous and buy gold. I'd be afraid to buy gold in thailand,cuz i wouldn't trust the dealers. If someone bought gold cheap in thailand it was most likely a few years ago before the price jumped, it was cheap cuz of when he bought it not where.

I worked with a guy a few years ago ,he was always talking about all the cheap gold he bought in BKK to take back home and sell. I think it's some kind of urban myth.Gold is just a global commodity you can know the price of it by looking in any newspaper just like buying dollars or a barrel of oil.

The price of gold is an international standard (daily spot price); Thai gold, as in jewelry, doesn't have the mark-up (for the labor) as expensive as in the west.
When you buy gold here (jewelry) you pay the price of gold that day plus ฿400 for the labor. For bullion it's the spot price plus commission.
18 caret gold is 75% gold and 25% alloy. Standard Thai gold jewelry is 97%. It's really too soft for rings (they bend and wear) so, our wedding rings (custom made) were 18 caret or 75% and will/do take day to day use well.
Gold isn't cheaper, but gold jewelry is.

Originally Posted by THX 1133

When you buy gold here (jewelry) you pay the price of gold that day plus ฿400 for the labor.

so thats where the bargain and confusion comes in. You buy gold jewelry for cheap. But the gold price is the same.You just save on the price of craftsmanship. So , maybe a person could make money by buying gold jewelry to sell back home.

Originally Posted by fred flintstone

so thats where the bargain and confusion comes in. You buy gold jewelry for cheap. But the gold price is the same.You just save on the price of craftsmanship. So , maybe a person could make money by buying gold jewelry to sell back home.

Yeah, possible but not easy. We took my wife's platinum engagement ring and some gold to the states when we visited Oregon and had zero luck interesting anybody in business. An ex-student of my wife's is a designer (he did our wedding and engagement rings) and worked for years in Dubai making tons of money designing jewelry for very wealthy clients and zero interest as well. We had color photos of his designs. IME, it's a whole other world and one needs persistence or more helpfully an "in".