Dear all,

 

Why is Thai gold only 96% of purity? not 99.9%.

Though I see the 24 karat sign at several Bangkok gold shops.

Thanks

Edited January 5, 20233 yr by topswijaya

because necklace made of 99.99 purity gold would be easily snatched away from ones neck 
24karat are sturdier but aren't preferred due to being associated with 'cheap'

They have some other metals to give it that color desired by Thais.  My wife doesn't like gold in it's normal color like in the USA.  I failed trying to get her to accept an 18 ct gold  here or USA so the necklace will  be less fragile.    Ím not sure if the gold shops will buyback less than the top 96 CT Thai gold for a decent price.  In the USA jewelry isn't a good thing to plan to sell back at a high return on investment like it is in Thailand.  I guess on most items the labor to create things is much lower.  In the USA we have black hills gold that can have a similar color to Thai gold

Edited January 5, 20233 yr by Elkski

too soft to withstand rough use

Most Thai gold is 23 % wish they had other input value like UK it would then make it cheaper to buy.

Thai gold bars are 99.9% pure gold   but jewelery need some additional alloys to give  it strength so as low as 96% is possible depending on makers . It is not about the colour , gold in India, Middle east and pure gold in Europe is yellow like thai gold ,, Europeans have fashion purposes and also clevr marketing  prefered lower quality whiter gold i 18, 14 and 9 carat types , but gold bars in Europe are 24ct 99.9% pure same Thai bars

 

Asians , Africans, Arabs Orientals and investors  would never buy European  type <deleted> gold

Not sure when people say Thai gold.

Where i worked it was sent to abroad to be refined.

Thai gold bars are not 99.9% not not not

4 minutes ago, Bill97 said:

Thai gold bars are not 99.9% not not not

96.5

https://www.huasengheng.com/product-gold/ทองคำแทงปมโลโกฮว/

I find it hard to believe, only 2 people actually know the answer.

does anyone trust the dealers here with gold?

5 hours ago, Kwasaki said:

Most Thai gold is 23 % wish they had other input value like UK it would then make it cheaper to buy.

9 ct gold like in the UK can't be called gold in many countries as it is just a small part of the produce.

8 hours ago, FritsSikkink said:

9 ct gold like in the UK can't be called gold in many countries as it is just a small part of the produce.

Maybe that's why it's called 9ct.

I just think it would make it easier for jewelry items to be bought by people.  

The craftmanship in Thailand is excellent IMO.