What is the standard weight in the gold price?

[Gaccha]

The quoted gold price right now in Thailand looks like this. 

 

 

So for gold at 96.5% purity right now, Intergold will buy at 29,960 baht off you.  

 

... what isn't clear to me is how much is that. My guess is 10 grams of gold but I can't find any mention, even after looking at several exchanges.

 

Simple question, but what is the answer? 

[worgeordie]

The standard weight of Gold sold in Thailand is  Baht  (weight), don't confuse

with money.

regards worgeordie

[ozfarang]

The prices quoted are for a baht of gold

 

1 baht = 15.244 grams

[huangnon]

Quote

One Baht equals 15.244 g. Standard purity of Thai gold is 96.5%. Now that is different than 99.9% Thai gold. The actual gold content of one Baht by weight is 15.224 X 0.95965 so that equals 14.71046 g. In terms of troy ounces, that would come out to 0.473 troy ounces. The other thing to keep in mind is 15.244 g is used for bullion. For jewelry it is more like 15.16 g when you are talking about Baht weight gold. 

Source: https://www.legal.co.th/resources/thailand-real-estate-property-law/title/thai-gold-what-weight-and-measure-baht/

[Gaccha]

Thanks!

 

That's 15.244 grams. Very handy to know. 

[Bill97]

Not 10 g, one Baht which is 15.3 grams or something afoot that.

[Gaccha]

This is interesting to compare with the simple, tiny 0.5g gold "flake" giftcards that Aurora etc sell on Lazada.

 

These gift prizes don't vary much so it's interesting to see the rip-off margin.

[Gaccha]

A perfect example here. A 1 baht weight of gold from Aurora on Lazada right now.

 

 

That's a 3%~ price uplift.

[Dustdevil]

3 hours ago, huangnon said:

Source: https://www.legal.co.th/resources/thailand-real-estate-property-law/title/thai-gold-what-weight-and-measure-baht/

Internationally, I thought the standard market value was per ounce in dollars. Currently about $1775 per ounce. Are all the values different in countries that use the metric system?

[Colabamumbai]

2 Bhat =1 troy oz. 

[sometimewoodworker]

5 hours ago, Gaccha said:

A perfect example here. A 1 baht weight of gold from Aurora on Lazada right now.

 

 

That's a 3%~ price uplift.

Don’t buy. The current price is 30,050 buying, 29,950 selling and the discount is totally fake

[sometimewoodworker]

1 hour ago, Colabamumbai said:

2 Bhat =1 troy oz. 

Only approximately as 1 Troy oz. = 31.10348343g 

so 2 Baht = 0.980211752 Troy oz.

[dddave]

6 hours ago, Gaccha said:

Thanks!

 

That's 15.244 grams. Very handy to know. 

For scale, a 10 Baht coin is 13.3 grams