Price for one Baht gold necklace?

[emiluski]

With my wife's birthday coming up, I asked her to check the price of a one baht gold necklace since the gold prices have been going down considerably.

She was quoted 24,000 baht last Friday in a shop in Prakhon Chai. Is this possible?

Since I am away from Thailand currently, I checked on-line and see prices 18000 - 19000 Baht quoted in the Bangkok newspapers.

Are the shops in Isaan sellling at 24000 Baht because they do not want to lose money? Are they just cashing in on the uninformed?

[Upnotover]

Current price is 18300, plus a bit for making it. Certainly not more than 19000 unless a lot of work in it.

[patongphil]

Something very fishy going on here I suspect.

[nicton]

Something very fishy going on here I suspect.

Very easy: 19'000 to the goldshop and 5'000 for his wife. Quite usual. TIT

[hotrod4098]

correct price as of 30 mins a go 18600..the gold is up and down..friday it was low under 1800..no way has it been 24000 for a long time

the price of gold is the same in issan as pattaya..

[hotrod4098]

you are in burilam..the price i quoted was sisaket..so the same area burilam surin sisaket..borders on cambodia..

[CTO]

When gold price goes down, the cost of the "making" seems to go up, gold is high, cost of making is often lower, it's always cyclic, but interesting

Friday I seem to re-call 17800 for gold, day before was 18300, Monday previous was abround the edge of 20 000

Bangkok post I believe has the daily gold price?

[JohnC]

Why didn't you just google Thai gold! Very simple and you get the price both of gold bars and ornaments (jewellery)

http://www.goldpricethai.com/price

Eg gold one baht today is 18300

Jewellery one baht is 18700

[Guemlum]

Something very fishy here...your wife would know that the price off gold is advertised daily outside of all shops. Was she quoted 24k or are you being asked for 24k? I can't see how a thai would be uninformed?

[manxninja]

Scam ditch her.

[stoneyboy]

Scam ditch her.

After you buy her the gold of course.

[sirchai]

Better buy her a 50,000 baht handbag, dude.-

[DILLIGAD]

Scam ditch her.

I think you need to investigate this situation further. It could be a misunderstanding, it could be that you believe pigs can fly or this could be a timely indication of bigger things to come.

Choose wisely your next move.

[puchooay]

Scam ditch her.

I think you need to investigate this situation further. It could be a misunderstanding, it could be that you believe pigs can fly or this could be a timely indication of bigger things to come.

Choose wisely your next move.

Some people really should follow their own advice.

Everyone comes on here straight away and sl@#gs of a Thai woman.

There has been so little info offered that it is impossible to reach such verdicts.

It is quite possible that the chain is over one baht in weight. The lady in question may have picked it out and simply asked "How much is this one?" Has she also chosen an amulet to go with it?

It is also possible that the gold shop is taking the p@#s. Something like "poor farmer woman, lets rip her off. She knows nothing about gold anyway".

My advice to the OP would be this. Mention to your wife that the price seems a bit high. Ask her to go to another gold shop and enquire. Then lets see what happens.

[DILLIGAD]

Scam ditch her.

I think you need to investigate this situation further. It could be a misunderstanding, it could be that you believe pigs can fly or this could be a timely indication of bigger things to come.

Choose wisely your next move.

Some people really should follow their own advice.

Everyone comes on here straight away and sl@#gs of a Thai woman.

There has been so little info offered that it is impossible to reach such verdicts.

It is quite possible that the chain is over one baht in weight. The lady in question may have picked it out and simply asked "How much is this one?" Has she also chosen an amulet to go with it?

It is also possible that the gold shop is taking the p@#s. Something like "poor farmer woman, lets rip her off. She knows nothing about gold anyway".

My advice to the OP would be this. Mention to your wife that the price seems a bit high. Ask her to go to another gold shop and enquire. Then lets see what happens.

I am glad we are in agreement that something needs checking but I do not understand your comment about some people needing to follow their own advice?

What do you mean exactly (for the benefit of those without crystal balls)?

[barrybankruad]

If there is one thing that a Thai woman knows about , it is the current price of gold. For a prospective purchaser to be quoted 5000 baht more that the current price arouses suspicion. Check further. I don't know how many gold shops there are in Prakhonchai but in Bankraud (a smaller town 20km south) there are currently four gold shops. I hope it is a mistake and there is no skulduggery going on. Unfortunately ripping off the falang does occur, hence the sceptics on this forum.

[puchooay]

Scam ditch her.

I think you need to investigate this situation further. It could be a misunderstanding, it could be that you believe pigs can fly or this could be a timely indication of bigger things to come.

Choose wisely your next move.

Some people really should follow their own advice.

Everyone comes on here straight away and sl@#gs of a Thai woman.

There has been so little info offered that it is impossible to reach such verdicts.

It is quite possible that the chain is over one baht in weight. The lady in question may have picked it out and simply asked "How much is this one?" Has she also chosen an amulet to go with it?

It is also possible that the gold shop is taking the p@#s. Something like "poor farmer woman, lets rip her off. She knows nothing about gold anyway".

My advice to the OP would be this. Mention to your wife that the price seems a bit high. Ask her to go to another gold shop and enquire. Then lets see what happens.

I am glad we are in agreement that something needs checking but I do not understand your comment about some people needing to follow their own advice?

What do you mean exactly (for the benefit of those without crystal balls)?

A quick check of posting history can find a lot out about people. Even those who have changed their IDs.

[PattayaPhom]

Tax and workmanship. just because price advertised is 18,600, this isn't what you will pay...24K seems a bit steep but 21k could be about right

[Ken]

I bought a 1 baht gold necklace on June 23rd for 20,000 Baht in Korat. The price of gold has since dropped, so 24,000 Baht seems high to me.

[sometimewoodworker]

I bought a 1 baht gold necklace on June 23rd for 20,000 Baht in Korat. The price of gold has since dropped, so 24,000 Baht seems high to me.

On June 23 the jewellery gold price was over 19,000 workmanship is often over 500 Baht per Baht weight so the price is probably correct. Today the jewellery gold price is 18,900 so a normal 1 baht necklace should be under 20,000

[mario299]

Easy one, and already answered by previous posts. You asked her to price a necklace, she said the one she wants is BT24,000. You figure it's one baht, excellent chance it's more than that, or she's asking for more than what one baht costs.

Every Thai woman knows the exact price of gold and gold jewelry.

No mistakes here, other than you not knowing what she is pricing.

Good luck with it

mario299

[emiluski]

Thanks for the replies!

I am well aware of the many scams in Thailand (TIT!), unfortunately I am not around currently to provide my battle hardened assistance (having lived there on and off many years).

My wife is shy and avoids confrontation, has the appearance of a "Lady Farang", and this is easily picked up on by unscrupulous fellow country folk wanting to make a fast buck.

I phoned and told the wife to try "selling" a Baht of gold to find out the real price of gold, and then ask the "buying" price.

All of a sudden the buying price came down to around 19900 which includes the "work" needed (for some reason the work needed now costs more than 1000 baht whereas before the price drop it was 600 baht).

It still seems a tad excessive, I have read that the current price is 18800 for gold ornaments, but is that more of a wholesale price in places like Bangkok?

Maybe one can get a better price in a larger town.

Cheers.

[barrybankruad]

Glad you sorted that out. Doubt very much whether you'll get it any cheaper in BKK buying such a small amount. The increase manufacturing charge is undoubtedly to make up for the gold price drop, remember the wholesalers have to pay current world prices. and if they've purchased when it was high they have to try and cover the shortfall. You could try to bargain but I very much doubt you'll have any luck with a hardened Chinese gold shop owner.

Pay the extra 4 or 5 hundred baht. It's her birthday!

[barrybankruad]

Just to bring you up to date in Bankruad this afternoon the price for one baht (necklace or bracelet) was 19,500 baht. Same price all four shops.