anono2223 Posted July 10, 2015 Share Posted July 10, 2015 (edited) Hi guys, Wondering at the approximate cost today of Thai Baht gold, necklace or bracelet, if it makes a difference. Not looking for anything exact, but just an approximation of the selling cost today, or this week. Ideally looking for the cost of 5 or 10 Baht pieces, as the smaller you go, the higher the manufacture premium. Looking at investment graphs, they say that 1 Thai Baht of gold is selling for 18,700Baht. So doing some simple math, one Baht is approx. 1/2 oz, so 2 Baht is ~ one troy ounce. So 2 X 18,700 is 37,400. Dividing that by a US exchange rate of about 33.5 Baht, and I get the price of 1 ounce of Thai Baht gold to be about $1,116USD. Add in 3% or so since Thai Baht gold is only about 96.xx% snd I get a price of around $1150USD, pretty close to the spot price today of around $1160/ounce. Using those (admittedly rough) numbers, 5 Baht would go for around 93,500Baht and a 10 Baht piece for about 187,000Baht (plus manufacturing markup). Is this anywhere near what anyone has seen lately? Thank you, Michael Edited July 10, 2015 by dynalmadman Link to comment Share on other sites More sharing options...
Seligne2 Posted July 10, 2015 Share Posted July 10, 2015 http://www.bangkokpost.com/ Lower right hand side Link to comment Share on other sites More sharing options...
anono2223 Posted July 10, 2015 Author Share Posted July 10, 2015 http://www.bangkokpost.com/ Lower right hand side Groovy. Thank you. The 'Ornament' price; would that be the price of jewelry (includes the cost of manufacture)? Michael Link to comment Share on other sites More sharing options...
ChaangNoi Posted July 10, 2015 Share Posted July 10, 2015 http://thaigold.info/ This is also a decent source. Link to comment Share on other sites More sharing options...
markus Posted July 10, 2015 Share Posted July 10, 2015 http://www.goldpricethai.com/price Link to comment Share on other sites More sharing options...
redandyellow Posted July 10, 2015 Share Posted July 10, 2015 Thai gold jewellry is 96.5% gold, or 23 carat - not good enough You're better off to get Chinese or Canadian gold - it's 24 carat - 100% gold, and they don't rip you off as they do with Thai gold in the west when you go to sell it - they lump it in with 14 carat gold - I shiit you not good sir, crooks that they are. And you're even better off to avoid gold completely.. I was a gold bug, LOL I'm much poorer but better for it too..but being much poorer and a bit smarter ain't for everyone though. Signed, Another former BIG TIME gold bug Link to comment Share on other sites More sharing options...
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