Does anyone have experience of a gold shop that sells gold bar at the legal Gold Traders Association rate? If so some directions will be appreciated.

By legal rate I mean at the same rate as published by the GTA, with no markup.

Thanks. 

Off topic post removed as we assume the OP is looking for shops in Chiang Mai

My understanding is that there is aways a mark up.

37 minutes ago, Pond Life said:

My understanding is that there is aways a mark up.

There shouldn't be. The Thailand Gold Traders Association publishes buying and selling rates, and that's what you are supposed to get. There is a 100 baht difference between the two, per baht weight.

In Bangkok it has never been an issue - gold shops give the published rate.

In Pattaya they never do, but then Pattaya is a place whose mantra is 'cheat whenever possible '.

In Chiang Mai I am finding it's a mix. Some shops try to extort more than the rate. They will either claim the rate has gone up, or try to take extra. I just walk away.

I did business at a shop today that behaved professionally. If anyone is interested, it is in the last right soi off Chang Moi Rd heading to the river, with a 7-11 on the corner. There's a row of gold shops on the right. This is about 100 m in, and has a board with two galloping horses. 

Mark ups around 200 baht at Hua Heng Seng

https://www.huasengheng.com/product-gold/ทองคำแทงปมโลโกฮว/?customize_changeset_uuid=

Edited August 19, 20224 yr by proton

In the past, I used the "Three Elephants" gold shop in Talat Warorot, on Wichayanon road. along the west side of the Ping, a bit north ( 100 meters ?) of where Chang Moi dead ends at that road, just after the place the songthaews stop.

 

https://www.google.com/maps/@18.7918674,99.0005346,3a,15y,228.9h,85.41t/data=!3m6!1e1!3m4!1sdNc8nDdubZoHgU4xrL5akg!2e0!7i16384!8i8192

 

 

Very helpful people !

Edited August 22, 20224 yr by orang37
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