Curious if I buy a 3.8g gold ring how much above spot price should I expect? If I want to sell it later what kind of fee can I expect?

 

Also wondering the same about chains, maybe in the 2-4baht range.

the TH gold bourse has two quotes, one for bullion one for ornamental gold. The latter rate plus an extra for specific craftsmanship would apply

4 hours ago, thurien said:

the TH gold bourse has two quotes, one for bullion one for ornamental gold. The latter rate plus an extra for specific craftsmanship would apply

The "craftsmenship premium" in Thailand is very low. As opposed to bid/ask spreads for physical Gold in the rest of the world. Measured by OZ (30.1 grams).

Therefore, "Thai Gold", even in form of jewellery can be an attractive investement.

Only thing: Buying and selling must take place in Thailand. To sell "Thai-Gold" in Europe is an advenure in itself, to be advoided if ever possible.

4 hours ago, thurien said:

the TH gold bourse has two quotes, one for bullion one for ornamental gold. The latter rate plus an extra for specific craftsmanship would apply

 

If I remember correctly, the last time I was in a shop, the bullion spread was 200 baht, and the ornamental 600.

lots of apps with official TH daily quotes

17 hours ago, Sum Ting Wong said:

Curious if I buy a 3.8g gold ring how much above spot price should I expect? If I want to sell it later what kind of fee can I expect?

 

Also wondering the same about chains, maybe in the 2-4baht range.

The shops will normally reduce the price of  a one baht gold bar with about 400 to 450 baht from spot. I have not tried to sell any bigger than that. I collect only 1 baht pieces!

When talking gold in thailand you should talk baht not grams