Why Is Thai Gold Cheaper

So your 200 us would get you 1 3 a baht of gold.

Why is thai gold cheaper. There are two main things you can save on here. Pure bullion gold bars are cheaper because of the lower premium buying in bulk allows you to pay a lower premium over the spot price. Its great security and the best monetary value the world over.

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. I believe you can easily check gold s purity with a magnet. In western countries more money is spent in the craftsmanship so it is not as pure as thai or indian gold.

That means what you pay in thailand for an intricately designed gold ring is often up to 40 cheaper than what you would pay in the west and for superior quality gold too. 1 baht of gold weighs 15 2g. It is traditional for thai s to invest spare money in gold.

On re sale one only receives the value of the weight of gold. Periodically authorities make random checks in gold shops to make sure that the purity karat of the gold is the same as the shop announces. The actual price of gold per ounce is the same the world over and is published in the papers every day because it is a traded commodity.

You can get a small thin bracelet for that but the wife says that it might not last very long. That is why it is so pure and true gold colour. Due to the exclusion of taxes in the emirate prices for gold in dubai have always been cheaper as buyers would only pay for the value of the gold jewellery.

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. Is gold cheap in thailand. What makes buying gold jewellery cheaper in dubai is the cost of labour and until january 2018 no vat.