The main reason Thais buy gold though is as an investment. … Thai gold too is better quality and value than western gold as most of it is 23K and 24K gold (almost pure gold) whereas, in the west, it is only 18K (meaning 25% of it is a base metal, and not actually gold).
What is Thai baht gold?
A measurement, unit of weight for gold.
“Raw” gold or bullion (standard purity of Thai gold is 96.5% a little over 23 K): 1 baht = 15.244 grams x 0.965 = 14.71046 grams, or 0.47295236 troy ounce (mass). In the case of jewellery, one baht should be more than 15.16 grams.
How much is 24K gold in Thailand?
Gold Price in Thailand today
| Gold Unit | Gold Rate in Thai Baht |
|---|---|
| Gram 24K | ฿1,859.1 THB |
| Gram 23K | ฿1,781.6 THB |
| Gram 22K | ฿1,704.1 THB |
| Gram 21K | ฿1,626.7 THB |
Which country has the purest gold?
Which Countries are the Best for Buying Pure Gold?
- The Emirate of Dubai, UAE. Whenever you talk about Dubai, the thought of purchasing gold definitely comes in your head. …
- Hong Kong, China. …
- Cochin, India. …
- Bangkok, Thailand. …
- Zurich, Switzerland.
Is gold cheap in Thailand?
Is gold cheap in Thailand? Gold is a commodity and has a value that is the same worldwide. You won’t find any country selling gold for cheap as it would be easy for them to make more money by selling it somewhere else. Thailand can be a very good place to buy gold though, because of cheaper overheads.
Is gold cheaper in Bangkok?
Gold in Bangkok is cheaper than lot of Western and Asian countries. The quality of gold is better too. As majority of gold ornaments in Thailand are 96.5% pure.