BIG SPUDS Posted December 16, 2004 Share Posted December 16, 2004 (edited) Can someone explain Thai gold, When someone says 10 baht in gold what does this mean? Edited December 16, 2004 by BIG SPUDS Link to comment Share on other sites More sharing options...
penelope Posted December 16, 2004 Share Posted December 16, 2004 Can someone explain Thai gold, When someone says 10 baht in gold what does this mean? <{POST_SNAPBACK}> "baht" is used as a colloquial unit of measurement for the weight of gold. 1 baht(weight) = 15.2 grams ~ 8150 baht(money) therefore 10 baht(weight) = 152 grams Link to comment Share on other sites More sharing options...
BIG SPUDS Posted December 16, 2004 Author Share Posted December 16, 2004 simple enough!!! Thanks Link to comment Share on other sites More sharing options...
britmaveric Posted December 16, 2004 Share Posted December 16, 2004 10 Baht Gold Necklace = MR T Link to comment Share on other sites More sharing options...
Spee Posted December 16, 2004 Share Posted December 16, 2004 1 baht(weight) = 15.2 grams ~ 8150 baht(money) <{POST_SNAPBACK}> The key phrase is approximately equal to 8k ThB. The price fluctuates, as does all gold on the world market. And contrary to popular opinion and some advertisements, I believe that prices can be haggled and negotiated somewhat depending on the store. Link to comment Share on other sites More sharing options...
penelope Posted December 16, 2004 Share Posted December 16, 2004 FYI : that 8150 figure was taken from todays Bangkok Post online. Link to comment Share on other sites More sharing options...
Petesear Posted December 17, 2004 Share Posted December 17, 2004 but why is Thai gold a bright yellow colour? someone once told me that it was different to western gold!? Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 24 carat gold. Link to comment Share on other sites More sharing options...
Petesear Posted December 17, 2004 Share Posted December 17, 2004 that will be why it looks so cheap then? Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 is not cheap, very very pure and also very very soft. Link to comment Share on other sites More sharing options...
Petesear Posted December 17, 2004 Share Posted December 17, 2004 it looks cheap.. didn't say it was.. i hate gold, so it makes no odds to me.. too tacky! Link to comment Share on other sites More sharing options...
Ajarn Posted December 17, 2004 Share Posted December 17, 2004 (edited) 1 baht(weight) = 15.2 grams ~ 8150 baht(money) <{POST_SNAPBACK}> The key phrase is approximately equal to 8k ThB. The price fluctuates, as does all gold on the world market. And contrary to popular opinion and some advertisements, I believe that prices can be haggled and negotiated somewhat depending on the store. <{POST_SNAPBACK}> I've negotiated on the workmanship fee, but never the gold price. In fact, I would be highly suspect if they were negotiable on the gold price... I would most likely leave, figuring they were trying to pull something fishy like less gold content- or even selling plated as solid... Or the first price offered was already above that day's gold price everywhere else... Gold is a commodity. Discounting the gold price is akin to going to your bank and them selling you baht at a discount... " Give us 1000 baht, and we'll give you 1200 back" I also wouldn't buy any unstamped gold piece, because that offers you some protection... Edited December 17, 2004 by Ajarn Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 it looks cheap.. didn't say it was.. i hate gold, so it makes no odds to me.. too tacky! <{POST_SNAPBACK}> Gold pays my wages, when I'm at work that is. Link to comment Share on other sites More sharing options...
Petesear Posted December 17, 2004 Share Posted December 17, 2004 say no more bronco, but it's not to everyones taste.. Link to comment Share on other sites More sharing options...
penelope Posted December 17, 2004 Share Posted December 17, 2004 24 carat gold. <{POST_SNAPBACK}> I always thought it was ~ 22 carat. Well my 1 baht wedding ring is, and I can confirm this because it has 92.6 % engraved on the inside. That is 22.224 carat. Link to comment Share on other sites More sharing options...
terdsak_12 Posted December 17, 2004 Share Posted December 17, 2004 it looks cheap.. didn't say it was.. i hate gold, so it makes no odds to me.. too tacky! <{POST_SNAPBACK}> That's what eveyone says when they can't afford it!!! Link to comment Share on other sites More sharing options...
ZOVOX Posted December 17, 2004 Share Posted December 17, 2004 24 carat gold. <{POST_SNAPBACK}> I always thought it was ~ 22 carat. Well my 1 baht wedding ring is, and I can confirm this because it has 92.6 % engraved on the inside. That is 22.224 carat. <{POST_SNAPBACK}> When i bought the gold for wedding in Thailand, the girl said the gold was 23 carat. But in Malaysia, they say it's 22 carat - wonder if they round the 22.224 up or down ? Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 I could be wrong and I was once, but that was a mistake. I have been told by a couple of jewellers that it's 24 carat. The stuff we refine at Olympic Dam is 99.9% and the colour is similar. If I could get my ring off, would have a look. Link to comment Share on other sites More sharing options...
ZOVOX Posted December 17, 2004 Share Posted December 17, 2004 I could be wrong and I was once, but that was a mistake.I have been told by a couple of jewellers that it's 24 carat. The stuff we refine at Olympic Dam is 99.9% and the colour is similar. If I could get my ring off, would have a look. <{POST_SNAPBACK}> A jeweller in malaysia says they don't make jewellry from pure 24 carat gold because it is just too soft. But, i think some people still call near pure gold as 24 carat. Link to comment Share on other sites More sharing options...
Ijustwannateach Posted December 17, 2004 Share Posted December 17, 2004 ^this sounds right. Link to comment Share on other sites More sharing options...
chuchok Posted December 17, 2004 Share Posted December 17, 2004 I could be wrong and I was once, but that was a mistake.I have been told by a couple of jewellers that it's 24 carat. The stuff we refine at Olympic Dam is 99.9% and the colour is similar. If I could get my ring off, would have a look. <{POST_SNAPBACK}> A jeweller in malaysia says they don't make jewellry from pure 24 carat gold because it is just too soft. But, i think some people still call near pure gold as 24 carat. <{POST_SNAPBACK}> Spot on. Pure gold is 24 carat and is too soft to be made into jewellry like wedding rings. Alloys are added to "harden' it up. The gold that people buy in Farung land is tacky if they only new the process. It is between 8 -18 carats and loses at least half its value as soon as you buy it. Ever wondered why a Jewellry Store can have 50% off sale? The reason is that the margin on crap gold is huge (Well in NZ anyway) The margin can be up to 300%. I was lucky enough to know a wholesaler at home. I brought a 18 carat gold chain for $300. Normal retail $900. The margin on real thai gold is probably around 3-4%. Link to comment Share on other sites More sharing options...
NarrLing Posted December 17, 2004 Share Posted December 17, 2004 Thai gold is supposed to be 24 carat, but watch the reaction in big Bangkok gold shops when you try to trade in a necklace bought in some of the major tourist areas. Been there, done that, been burnt and don't buy the stuff much now. If I do, it's always from a big Bangkok gold shop and nowhere else. NL Link to comment Share on other sites More sharing options...
tuky Posted December 17, 2004 Share Posted December 17, 2004 If I could get my ring off, would have a look. <{POST_SNAPBACK}> Bit dyslexic today are we bloncs? Link to comment Share on other sites More sharing options...
Thetyim Posted December 17, 2004 Share Posted December 17, 2004 If I could get my ring off, would have a look. Bit dyslexic today are we bloncs? Try using a mirror Link to comment Share on other sites More sharing options...
aughie Posted December 17, 2004 Share Posted December 17, 2004 I'm looking at a So Seng Heng receipt. It says 23k. He also wrote 96.57. From what I understand the purity can vary ever so slightly when they are adding alloy to mass batches of processed gold. -a Link to comment Share on other sites More sharing options...
lopburi3 Posted December 17, 2004 Share Posted December 17, 2004 I'm looking at a So Seng Heng receipt. It says 23k. He also wrote 96.57. From what I understand the purity can vary ever so slightly when they are adding alloy to mass batches of processed gold. -a <{POST_SNAPBACK}> You are right and this has been answered so many times. Thai gold is called 100% but that is 100% of the normal 23k jewelry gold. It does not mean 24k. Normal Thai gold should be 23k; but often is between 22-23k. To confuse the issue a new process has been developed that allows almost pure 24k gold to be make into jewelry. These are sold by brand names such as Gold Master/Prema in department stores and exclusive shops and not at the red gold shops. Most people still prefer the normal gold shop type which can always be traded for cash. Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 If I could get my ring off, would have a look. <{POST_SNAPBACK}> Bit dyslexic today are we bloncs? <{POST_SNAPBACK}> finger fat Link to comment Share on other sites More sharing options...
Pink Mist Posted December 17, 2004 Share Posted December 17, 2004 I'll be back at the refinery Monday looking at the stuff so Link to comment Share on other sites More sharing options...
TizMe Posted December 17, 2004 Share Posted December 17, 2004 My Mrs told me never to buy her gold. I thought, "hey you are a wonderful and unique gal, I love you so much" Then she added that she prefers diamonds..... Link to comment Share on other sites More sharing options...
Spee Posted December 17, 2004 Share Posted December 17, 2004 that will be why it looks so cheap then? <{POST_SNAPBACK}> On the contrary, I love the way 22-23k gold looks. Now I just laugh when I see all the punters shelling out enormous prices for 10, 12 and 14k crapola that looks positively awful. Link to comment Share on other sites More sharing options...
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