Answered2 years ago
Is the weight of a gold bar in Thailand measured in baht or ounces?
Trying to learn the gold market in Thailand. Is the weight of a gold bar, ทองคำแท่ง, “baht” weight or an ounce, in the attached picture?
Also, anyone using a good Thai gold app? I have downloaded two and neither seems too good.
Also, anyone using a good Thai gold app? I have downloaded two and neither seems too good.
Answer summary
In Thailand, gold bars are measured in baht, where 1 baht equals approximately 15.24 grams or 0.4901 troy ounces. Conversations highlight the importance of knowing the fees associated with buying and selling gold, which vary by shop. Additionally, several users recommend a website that provides daily gold pricing in Thailand, although concerns were raised about the performance of available Thai gold apps.
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Sean *******
IS THIS RELEVANT TO THE GROUP?
Ralph *******
It is sold by baht (weight).
1 baht of gold = 15.244 grams = 0.4901 troy ounces.
1 baht of gold = 15.244 grams = 0.4901 troy ounces.
Will ************
Cant take bullion out of Thailand.
Robert ******
@Will ***********
depending on amount just need to declare at customs.Robert ******
@Will ***********
yes you can.Will ************
@Robert *****
Ok but you need a licenceWill ************
Based on baht weight . Gold bars as shown has a spread of 100 baht between buy and sell. Jewelry has the larger spread.
Matthew **********
OP@Will ***********
Thank you. You seem to be the only person who understood the question. International spot and ทองคำแท่ง on the same page are a little confusing. It’s sort of like the picture frame I was looking at last week. The height was in inches and the width was in centimeters.Wannikea *********
@Matthew *********
they show the spot price and USD rate because that's the currency gold is traded in on the international market. The Thai price is directly related to the USD exchange rate of the moment.
Jo **********
baht is a currency not weight
Robert ******
@Jo *********
baht is also a gold weight, like an ounce.
Jeff *******
@Jo *********
Sssssshhhh!!! It's both, you're making a fool of yourself.
Peter **********
It’s the price of a Troy ounce of 24 carat gold
Top figure is selling price and buying price for bullion
Bottom figures are for jewellery selling and buying
Top figure is selling price and buying price for bullion
Bottom figures are for jewellery selling and buying
Robert ********
@Peter *********
Couldn’t be more wrong. In Thailand nobody buys 24c gold and I’m the weight is always measured in baht (15.2g or so)
Jesper *******
The first 2 rows is bid and ask price the 3rd row is selling to you and the 4th row is buying from u...baht weight is the standard use in thailand it's 15.24gm or almost
***
Oz gold bar in thailand is 96.5 or 23k and there are different weights example ***
baht ***
baht 1baht 2baht 5baht and there will be a premium charge to it
Phil ******
@Matthew *********
bahtWannikea *********
You should also know that when buying and selling there is fee, typically 100 baht per baht weight on bars, some shops may lower if you buy bulk, some shops may be higher, ask their fee first. Same goes for jewelry but the fees are higher depending on the shop and craftsmanship of the jewelry, typically 1500-1800 baht per baht weight. It goes without saying that jewellery is not a good investment buy.
Jo **********
@Wannikea ********
baht is a currency not weightWannikea *********
@Jo *********
it's also the term used as a standard measurement for Thai gold as noted aboveJeff *******
@Jo *********
🙇♂️ lol you're trying to tell a thai what their currency is? baht is a currency AND the thai gold weight term!Jeff *******
@Jo *********
You clearly didn't know. Bigger things to be 'irritated' aboutWannikea *********
@Jeff ******
I'm farang :) buk si dahJo **********
@Jeff ******
i know but it irritates me
Brian *****
Baht is the unit of weight commonly used in Thailand for gold.
All prices you see advertised for gold in Thailand will be per 1 baht in weight.
Thailand never really prices gold in ounces.
All prices you see advertised for gold in Thailand will be per 1 baht in weight.
Thailand never really prices gold in ounces.
Braulio *********
Learn Thai.
Christopher ******
Roughly a half ounce of gold
Matthew **********
OP@Christopher *****
ทองคำแท่ง = what unit of measurement?Matthew **********
OPIs the weight of a gold bar, ทองคำแท่ง, “baht” weight or an ounce, in the attached picture?
Jim ***********
@Matthew *********
I think one is buy one is sell price, usually not a lot in them it's small premium. 52k baht will be for a 1 baht bar or coin. Sorry I don't read thai but that's mh guess on above picWannikea *********
This is the website that sets gold prices in Thailand. Prices are set daily at approximately 9am and follow the market fluctuations. Price is set only once Saturday morning and that price is maintained until Monday morning.
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Wannikea *********
A baht weight is 15.24 grams of 96.5% (Thai) gold or 23carat
Matthew **********
OP@Wannikea ********
ทองคำแท่ง = what unit of measurement?Matthew **********
OPIs the weight of a gold bar, ทองคำแท่ง, “baht” weight or an ounce, in the attached picture?
Wannikea *********
@Matthew *********
baht, I think it's pretty clear that baht weight is the measurement in Thailand, otherwise it would say bullionJim ***********
@Matthew *********
baht is weight used in Thailand. Or grams. But bars will be weight in bahtActivity
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