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    Thai Gold and Gold Price in Thailand

    By Thai-Eyes | August 2, 2008


    The Thai society is very status orientated.
    Instead of putting their money aside,
    Thai people like to show, what they have.
    This is one of the reasons, why gold is very popular in Thailand.

    thaigold-shop

    Thai gold is yellower, than gold in the western world.
    It has 23-24 carat with a degree of purity of 95 – 96,5 %.
    The gauge for gold in Thailand is called “Baht”.
    1 Baht Thaigold is equal to 15,16 gram.
    The (Gold-) Baht is divided in 4 Salueng.

    In the goldshops in Thailand there is always a board with the current goldprice.
    This price is related to 1 Bath of Thaigold.

    The current price for gold in Thailand in the Thai currency

    There are many shops in Thailand selling gold.
    You will recognize them easily with their red paint.
    The goldshops are mostly conducted by Chinese or Thai-Chinese businessmen.
    The shops are selling as well they are purchasing gold
    and also function as a pawnshop for gold.

    thai-gold-shop.jpg
    Photo: Thai Gold Shop in Chiang Mai – North Thailand, decorated for Chinese New Year

    Frequently Thaipeople are buying gold from their salary
    to sell it with lost the next days, because they are short of money.
    This idiosyncrasy is a pretty good business for the goldtraders.

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    Topics: Gold Price in Thailand, Thailand | 1 Comment »

    One Response to “Thai Gold and Gold Price in Thailand”

    1. john Says:
      March 20th, 2010 at 16:41

      i used to think the wife was nuts for buying gold and keeping it around the house but she as a small fortune probably about 5000 uk pounds
      i asked her to cash some of it in but she.s having none of it

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