I have tried to find this on the net but can't. What is the current price of Gold by the baht in Thailand?

I have tried to find this on the net but can't. What is the current price of Gold by the baht in Thailand?

 

 

Gold Traders Assocaiton Web Site

I wish I could work this out. US$1 presently equals approx. Bt. 32.5 and HK$7.8. So if 1 ounce of gold at the London closing yesterday was US$902, that should equal Bt. 29,315 and HK$7,035. Can anyone elighten me as to why the rates of the Gold Traders' Association are approx. Bt. 13,750 and HK$8,368? I realise there is probably a 7% tax on gold in Bangkok and none in Hong Kong, but the differences are huge. I must be missing something . . but what? Are the basic weights different?

I must be missing something . . but what? Are the basic weights different?

Following from a web site offering Thai gold products for sale - (the 23K means 23 carat):

 

Thai Baht SOLID (23K 96.5% PURE) GOLD Jewelry

 

In Thailand Thai Baht Gold jewelry has been produced for hundreds of years by Thailand's skilled Thai Baht gold craftsmen, who have an excellent reputation for creating beautiful designs with flawless workmanship.

 

In Thailand all Thai Baht gold chains, Thai Baht gold necklaces, Thai Baht gold bracelets and other Thai Baht gold jewelry items termed "THAI BAHT GOLD" is known and recognized worldwide as 96.5% PURE SOLID GOLD by product weight (23K) making it one of HIGHEST GOLD CONTENT jewelry produced anywhere in the world today!. Our Thai Baht gold jewelry is sold by the Thai gold weight unit known as "Baht", which is approximately 1/2 ounce or 15.16 grams per "Baht".

 

In Thailand there were few banks in the countryside and provinces in the early days and Thai Baht gold jewelry was commonly used as an alternative currency that could be easily kept, used in trade and commerce and easily converted back into any currency at any time. Thai Baht Gold has always been a convenient / smart way to for You to invest in a gold object of beauty that You can wear and display.

 

Since Thai Baht Gold is valued primarily by it's actual weight in gold and secondarily by the quality of it's craftsmanship, more so than the form in which the jewelry is crafted, we are able to offer you a variety of different types of Thai Baht Solid Gold jewelry in each of the following Gold Weights:

 

1/4 (0.25) Baht (= 3.79 grams = .1205 troy ounces)

 

1/2 (0.5) Baht (= 7.58 grams = .241 troy ounces)

 

1 Baht (= 15.16 grams = .482 troy ounces)

 

2 Baht (= 30.32 grams = .965 troy ounces)

 

http://www.ecrater.com/product.php?pid=2513856

Thanks - weights are clearly different. Should have realised that!

I have tried to find this on the net but can't. What is the current price of Gold by the baht in Thailand?

 

 

The price is regulated by the Thai government and can fluctuate daily. The Bangkok Post home page always shows the price and it is currently 13,800 THB/baht.