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windydeath
Hey just wanted to know how much my favorite bargirl is going to be able to sell the one baht bangle I just bought her. It was 8650, with the price of 96.5% gold 8150 per baht.


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Posted on: 6:45 pm on Nov. 6, 2004
windydeath
surely someone can answer this?


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Posted on: 3:30 am on Nov. 14, 2004
MarkC
I think they buy them back for something like 90 per cent and pawn them for about 95 per cent of the value of the weight.


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Posted on: 4:24 am on Nov. 14, 2004
StrayGypsy
I wish 95%.... depends on if shes regular customer/family etc at gold shop.... many shops are also in the PAWN business giving much less $$$ baht back for gold..... unless shes exchanges it for other gold items or higher baht weight the business will always screw the customer.


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Posted on: 6:24 am on Nov. 14, 2004
MarkC
I'm not sure about how much you get (sell-back/pawn) but I believe the figures are pretty much dictated by the government. There are government certified gold sellers (it's not like the 'gems' business) and they buy back or pawn for the same prices. Prices (and the quality of gold) may vary at non-certified gold shops. This is what I've been told by an American friend who's been living here for much longer than me and who 'dabbles' in gold.

Got this from http://www.thailand-travel.net/

"Gold dealers in Bangkok buy back at any time gold ornaments bought from them or other stores at rates just minimally lower than their retail prices.

On December 2, 1991, gold shops in Bangkok sold one Baht weight of gold for around 4650 Baht (currency), while their repurchase prices were around 4550 Baht. A typical price for the craftsmanship for a gold chain was just around 150 Baht."

I don't think things have changed much since then (except the price of gold).


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Posted on: 9:58 am on Nov. 14, 2004
KiNHoY
I'm interested in buying some gold jewelry in BKK and don't want to get ripped off. Can anyone suggest reputable shops? Are prices fixed or negotiable? Will I get the foreigner "surcharge"?


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Posted on: 11:54 am on Nov. 14, 2004
chasingwhtrabitz
Prada Gold. You can find them in any Central store or in MBK. The nicest gold pieces I have seen anywhere.


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Posted on: 1:53 pm on Nov. 17, 2004
issanking
my friend pawned 3 baht of gold for 15,000, but the retail price is 24,000. but to sell would be around 22,500.
hope this helps.


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Posted on: 8:47 pm on Nov. 17, 2004
koolbreez
I use the Liang Seng Heng Goldsmith Co. At 303 Yawaraj Rd. in China town. Any of the shops along the road are reputable though. Any shop you buy from, Get a certificate of quality. It lists the quanity, description, the quality, weight, and cost. If they won't give you one, don't buy.
I like this shop because they give full refund, at current price, minus a bt100 handling fee, if you have the certificate. The refund is a little lower without the certificate.


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Posted on: 11:31 pm on Nov. 17, 2004
Gus
Is it possible to buy gold in Chinatown and sell it for a profit in the UK or are prices pretty similar?
I just thought it may go to paying for some of my hols!


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Posted on: 1:47 pm on Feb. 3, 2005
     

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