gold chain

[hulltoon]

could anybody tell me a good jewlers shop to buy a gold chain in Hua Hin.

[Randy Cornhole]

There is an area just by the wet market (half way up the night market road turn right) which has about 5 or 6 Thai gold shops. There is a fixed price for gold. They sell Thai gold only which is quite yellow and fairly soft. It is sold by weight...

[margaretcarnes]

Hulltoon, Randy is quite right about where to find the gold shops but seems a bit lacking on description! Soft and darker coloured - yeah, ok.
Thai gold is 24 carat and is sold by weight, which is weight in baht - the same as the currency.
It sounds as if you haven't bought Thai gold before duck. You will notice in the shops - which are all red and gold frontage - that all the jewellery is pretty much bog standard colour with no gem stones. If you are buying an item for your beloved it won't matter what it is really. so long as it is gold, because to her it is like a deposit to her bank, and equally as accesible.
I really can't believe that guys still don't understand the basic principles!

[ozuncle]

Margaret,
I thought RC's description was pretty good.
Please explain further to us who don't understand the basic principles!

[Nereus]

Hulltoon, Randy is quite right about where to find the gold shops but seems a bit lacking on description! Soft and darker coloured - yeah, ok.
Thai gold is 24 carat and is sold by weight, which is weight in baht - the same as the currency.
It sounds as if you haven't bought Thai gold before duck. You will notice in the shops - which are all red and gold frontage - that all the jewellery is pretty much bog standard colour with no gem stones. If you are buying an item for your beloved it won't matter what it is really. so long as it is gold, because to her it is like a deposit to her bank, and equally as accesible.
I really can't believe that guys still don't understand the basic principles!

I do not see where Randy said it was "darker"? And the only thing that is the "same" about how it is sold is the common spelling with the Thai currency. It may be more informative if you were to explain what a "baht weight " is. And before you group all ignorant males together, having had several Thai females in my life, I for one do know what it means to a Thai.

edited for typo

[hulltoon]

Thanks for your help,i will ask a Thai lady to come with me because i dont understand anything about Thai gold.thank you

[STEVE G]

Thai gold is normally 23 Karat, and one baht of gold is technically 15.244g but in terms of jewelry it is the weight after work and should be at least 15.16g.
Here’s the going rate:
http://www.goldtraders.or.th/index_en.php

[STEVE G]

So that should be 14,800 bt per baht of gold jewelry at todays price.

[Big Boy]

I always use this link http://gold.yabz.com/ which gives a same same but different price; but differentiates by giving a bid and an ask price.

Incidentally, Mrs BB sold 95% of her gold during our last visit because she no longer felt safe wearing it anywhere (Thailand, England or anywhere in between).

[Governor]

It sounds as if you haven't bought Thai gold before duck.

Very slightly off thread, but I got told off once by a pc female line manager for calling a friend and colleague "duck" and I mean really told off. You don't seem to fall into this category, thank goodness.

OK, really off thread.

[HHTel]

Just to clarify for those who don't know. The baht is used in the weighing of gold based on the weight of the original baht coin. It's also broken down into satang as currency was weighted respectively 4 x 25 satang was the same weight as a baht. The baht weight is equal to 15.244 grams for raw gold but becomes a little less when made into jewelry (15.16 grams).

It's not at all unusual. In the UK many years ago the same system was used in the weighing of gold. I'm sure a lot of the old jewelers still have momentos in the form of 'pennyweights'.

The beauty of buying gold in Thailand is that there is only a small difference between the buying and selling of gold. Thais will often change their gold to something new and of the same weight and they only have to part with a few hundred baht. It's true that Thais keep gold for two reasons: 1 - For sheer prestige and showoff. 2 - It's easily exchanged for cash if needed. It doesn't lose value with age and is sold back at the current gold rate.

Beware anyone who is hoping to take it back to Europe to sell. No-one wants it. It's too high a karat for the European market. They don't like 'yellow' gold.

My family from the UK regularly bring their gold back here and exchange it for something new.

[Big Boy]

HHTel wrote:

Beware anyone who is hoping to take it back to Europe to sell. No-one wants it. It's too high a karat for the European market. They don't like 'yellow' gold.

Definitely not true. Indians, Thais and Filipinos will, if they can afford it, pay well over the odds for it. My wife has often sold her gold before returning to Thailand. She used to do so, partly to fund her holiday and partly to allow her to refresh her gold collection. She always sold it at a nice profit.

Last year she decided to sell up too late ie she managed to offload 5 Baht at a nice profit, but brought the rest back to Thailand to sell.

[STEVE G]

It sounds as if you haven't bought Thai gold before duck.

Very slightly off thread, but I got told off once by a pc female line manager for calling a friend and colleague "duck" and I mean really told off. You don't seem to fall into this category, thank goodness.

OK, really off thread.

(Still off topic)
Being originally from Nottingham, I can tell you that the term “duckâ€

[HHTel]

You're right BB. That's the only market I could find in the UK. I really meant that jewelry shops etc are not interested. I did say not suitable for the European market but of course they will sell to other Thais, Indians etc.

[Onlyme]

The great thing about my very expensive Prince Albert chain is, Thai's don't give it a second glance!