Thailand Gold Price Update

[sunnyhor]

Does anyone knows the latest Gold price in Thailand. Are all the price similar in all provinces in Thailand. Thank you very much!

[apetley]

I think prices are pretty much the same wherever you go although can vary from shop to shop.

Have a wander around a few to get the best price although I suspect there is a queue in most right now.

[colinscarr]

If you go to the Bangkok Post website, at the bottom left of the home page is a link to an up to date buying and selling price. The 'spread' is wider for jewellery than for gold bars.

Edited for grammar

Edited November 12, 2009 by colinscarr

[Meridian007]

If you can read Thai I'd suggest one of the sites mentioned in this thread:

http://www.thaivisa.com/forum/Price-1-Baht...ay-t278688.html

[mizzi39]

I was just skimming through the BKK Post and there was a small article stating that many gold shops were tightening up security because gold is at an all time high (18,000 per baht). If you bought low, maybe this is a good time to sell!

BTW: Iam only charging a 25% commission for this information!

[SNGLIFE]

CORRECT ANSWER

http://phuketindex.com/update-gold-e.htm

Cheers.

[Tod Daniels]

Gold prices do vary shop by shop but only a little. I just walked past three different gold shops on Sukhumvit and they were all very close on the "buy gold" price. Finely done jewelry brands which sell for prices way over the weight of actual gold (i.e.: Prima Gold) are worth only their gold weight. The workmanship is of little value to any shop because it is usually melted down to recast.

The "chop mark" inside a ring or on the necklace clasp will say where it was made. Usually returning there will garner you the best price in selling it. It is my experience that most of the gold shops in Bangkok know the "chop marks" of the big gold retail shops located in China Town.

I concur with a poster who mentioned the security is tighter now that gold is so high. One of the shops had a shotgun lying in plain sight on the table behind the gold counter, as well as two armed security guys prominently standing at the door.

[Alwaysright]

Gold prices do vary shop by shop but only a little. I just walked past three different gold shops on Sukhumvit and they were all very close on the "buy gold" price. Finely done jewelry brands which sell for prices way over the weight of actual gold (i.e.: Prima Gold) are worth only their gold weight. The workmanship is of little value to any shop because it is usually melted down to recast.

The "chop mark" inside a ring or on the necklace clasp will say where it was made. Usually returning there will garner you the best price in selling it. It is my experience that most of the gold shops in Bangkok know the "chop marks" of the big gold retail shops located in China Town.

I concur with a poster who mentioned the security is tighter now that gold is so high. One of the shops had a shotgun lying in plain sight on the table behind the gold counter, as well as two armed security guys prominently standing at the door.

The Chinatown shops wouldn't buy my gold,I had to wait for the shop I bought it at(10 yrs ago) to open.25 baht chain,too expensive to wear.Nice profit