Economy Gold Price Surge Spurs Imitation Jewellery Boom in Thailand

[webfact]

Gold ornaments

 

Real gold prices have hit a stunning high, with 96.5% gold jewellery now fetching 53,500 Thai Baht per baht weight. This sharp uptick in gold value has prompted a Nonthaburi shop to raise its imitation gold jewellery prices by 50 Baht, according to TV Channel 7.

 

As luxury eludes many, imitation gold jewellery sales have surged by nearly 20%, offering a budget-friendly alternative for shoppers.

 

Thailand's Thai Gold Traders Association set this morning’s rates for 96.5% gold bars at 52,700 Baht selling and 52,600 Baht buying per baht weight.

 

 

While authentic gold jewellery prices have reached a high, with a buying price at 51,650.12 Thai Baht, imitation pieces have stepped in as an affordable choice amid the real gold spike.

 

However, imitation is not without its own issues. Production costs have spiked due to the presence of real gold in some fake items, forcing price hikes to maintain quality.

 

The Nonthaburi shop's owner warns that unscrupulous traders are capitalising on the demand, pushing inferior goods at full price, making vigilance crucial for consumers.

 

In a market swayed by the soaring cost of real gold, imitation jewellery fills the gap, albeit with caution due to varying quality. As gold prices reach unprecedented heights, the allure of bargain bling grows, yet must be balanced with a discerning eye to ensure quality.

 

  Adapted by ASEAN Now from Thai Newsroom 2025-04-28

 

 

 

[whiteman]

Thailand the land of Imitation who would have thought this would happen 🙂

 

[hotchilli]

6 hours ago, webfact said:

This sharp uptick in gold value has prompted a Nonthaburi shop to raise its imitation gold jewellery prices by 50 Baht

What?