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Are there reporting requirements for buying gold in Thailand?

gold purchase Thailand identification requirements expat advice reporting requirements

Aug 8, 2024

4 months ago

Terary **********

ORIGINAL POSTER

"Everything Else" question.

I have a couple of extra dollars and I was considering buying gold.  Does anybody know if there are requirements to report to the government?  I have bought a baht here and there, and I never had to show a passport.  Do the gold shops report the purchase if it's over a certain amount?

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TLDR : Answer Summary

The conversation discusses various experiences regarding the purchase of gold in Thailand and whether identification is required. Most respondents indicate that no identification is necessary when buying gold, while one mentions needing to show a passport. There are mentions of buying and selling gold at specific shops, with tips suggesting that certain outlets may not charge commission on buybacks.

Andy ********

Gold is super high price now... better to spend in Taco Bell lol

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Colin *********

With a couple of dollars, you might get a f sliver of gold 🤣

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Ling *****

Nope, no ID. Tip, I bought from the Aurora gold outlet. They are in a lot of malls and when you sell back to them show the original receipt and they don't charge commission.

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Ling *****

no it's the same as the other gold shops.

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Terary **********

ORIGINAL POSTER

That is good to know. I often avoid the mall shops because I figured they were more expensive.

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Terary **********

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Philip ***********

Never had to show any id

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Kenny **********

Every time I have bought gold jewellery at different shops in Hua Hin and Cha Am I have had to show my passport if I am alone or my wife has had to provide identification if she is with me.

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Kevin ********

@Kenny *********

It's required only to get your VAT tax refunded on your way out.

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Kenny **********

Nope just asked my wife she always gives id. I live in Cha-am so I never expect a vat return

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Kevin ********

@Kenny *********

I get asked for my passport a lot. It's easier to ask everybody, than ask if you're a tourist.

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Kevin ********

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Peter *********

No

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Jeffrey ************

No, of course not.

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Jeffrey ************

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