Gold -Thai baht

[paul williams]

I figured in my next trip to LOS in 6 weeks or so I may buy some Gold for an investment. Any recommendations as to reputable gold shops?

Are there any restrictions taking out of Thailand

Thanks 

[fygjam]

Thai gold is 23 karat or 96.5% pure. Gold for bullion purposes in Western countries is 24 Karat or 99.99% pure. Unless you're thinking of buying a couple of truck loads, the cost of re-refining Thai gold to Western gold just ain't worth it.

I'd make sure you had a buyer before investing.

On the other hand, there are plenty of bar girls who'd look after it for you.

 

[paul williams]

13 minutes ago, fygjam said:

Thai gold is 23 karat or 96.5% pure. Gold for bullion purposes in Western countries is 24 Karat or 99.99% pure. Unless you're thinking of buying a couple of truck loads, the cost of re-refining Thai gold to Western gold just ain't worth it.

I'd make sure you had a buyer before investing.

On the other hand, there are plenty of bar girls who'd look after it for you.

 

Is Perth Mint a better alternative then ?

[paul williams]

Just now, paul williams said:

Is Perth Mint a better alternative then ?

And is the shortfall 96.5/99.99 x100 in terms of cost or does it HAVE to be refined  with  extra costs involved?

Thanks 

[Stillearly]

11 hours ago, paul williams said:

Is Perth Mint a better alternative then ?

Yes, if you want to buy physical gold that would be acceptable internationally 

 

[Yesitisdakid]

I have noticed recently that the gold shops I have passed are not posting the prices any longer. Last time I saw a posted price it was 53000 if you invested in Gold 10 years ago you're rolling in it

[fygjam]

Virtually all gold shops use the prices posted by the Thai Gold Traders Association.

Yesterdays prices because they haven't posted todays yet.

https://www.goldtraders.or.th/

 

[coxyhog]

I have a gold ring which I bought in Oman in 1991 which was valued recently here in the UK at something over £600.

My missus reckons I'd get more for it in Thailand but I reckon she's probably mistaken as they're only interested in Thai gold.

Or am I mistaken?

[Stillearly]

1 minute ago, coxyhog said:

I have a gold ring which I bought in Oman in 1991 which was valued recently here in the UK at something over £600.

My missus reckons I'd get more for it in Thailand but I reckon she's probably mistaken as they're only interested in Thai gold.

Or am I mistaken?

I think you're right , plus we are currently at all time highs for Gold 

[Stillearly]

[Stillearly]

This site has Thai gold prices , in Baht / Grams and ounces , plus the karat 

https://goldpricez.com/th/baht

[paul williams]

On 8/27/2025 at 12:05 AM, coxyhog said:

I have a gold ring which I bought in Oman in 1991 which was valued recently here in the UK at something over £600.

My missus reckons I'd get more for it in Thailand but I reckon she's probably mistaken as they're only interested in Thai gold.

Or am I mistaken?

I have an old gold band that has outlived its sentimental value. Bought for 900 ponds sterling in 2000-probably ought to flog it 

[Stillearly]

Gold still on the up , this is just last month

 

Edited September 23, 2025 by Stillearly

[Pumpuynarak]

I bought wifey a shedload of gold jewellery when we got married in 2006 (i was in love and stupid lol) the price of gold was from memory around 11K baht, she now sitting on well over 300K baht's worth and smiling all the time when wearing which is'nt very often for security reasons, mainly only family do's. 

[Butch]

Not only Gold, but silver is heading upwards at the moment.

While I don't hold any physical silver, I do have some in a Wisdom Tree Silver ETF (only a nominal amount) which I got 3 years ago.

The difference between physical Silver and Gold is that with silver you have to account for 20% VAT , and the spread (difference between buying and selling with traders) is often slightly more, and in my case a trading fee as well.

I'm not a financial advisor, so if you're thinking of investing in Silver, you need to bear that in mind.

However, for a bit of an experiment I'm buying a couple of Britannia's as gifts for my daughter at Xmas, but again, nothing flashy or "mounted" because that's all adding to the price.

Edited December 4, 2025 by Butch

[biggles]

Partner has a birthday in December. She just happened to mention today that the gold shops in Big C Xtra were showing 63k baht!! Makes my investment returns look a little sad.

[Butch]

Not wanting to TF or hijack, but today I bailed out of my silver with a 132% profit, tax free as it was in an ISA but it is still on the rise.

When I posted on Dec 4, it was at 3163 on the ETF platform. Today it's 100% over that. 45 days and 100% increase. Not a bad return.

I'm banking on a fall soon, because despite the increased margin call the other day to try and control the rise, it's still going but pushing record levels, but has instability written all over it. This is a momentum effect with investors piling in at the last minute I think - but they've missed the boat.

Gold is still worth a punt, as there's less of it and more people looking for it, but my advice:

Find a silver exploration company, chuck in a monkey and sit on it. 

or

Chuck money into Gold, wither physical or in an ETF for a year and see how it goes.