Commission/delivery Fee For Buying Gold Bars

[MattFS218]

I am wondering if its standard to charge a commission or delivery fee when purchasing 1 baht gold coins at Gold Shops. This fee is in addition to the buy/sell difference of the gold price set by the Thai Gold Association.

I went into a Gold Shop at Central Chonburi Aurora, was the company and they wanted 250 baht above the sell rate to walk out of the shop with 1 baht physical gold. I read on other forms this might be a "gold certificate" fee.

I am wondering if all gold shops charge this mark-up--if so is it uniform. Do certain shops have lower markups? Also is here a fee when selling back gold above the (typically 100 baht buy/sell spread).

If I drive all the way to Hua Heng Seng at Seacon square, will I also be charged this fee above the current buy/sell price for taking home physical gold in baht form (NOT jewelry). What about making the trek to Chinatown.

Thanks.

[trajan]

the spread for 96.5% baht ingots is 100 per baht weight (there is a daily buy-sell quote each day with a spread of B100--sometimes the amounts changes multiple times in a day)

I get the 5 baht weight ingots at HuaSengHeng....they also have 10 baht and bigger weights...

http://www.huasengheng.com/product_gold_96_5.php