How Much Is 1 Baht of Gold Worth?

Gold has long been recognized globally as a store of value and a tangible asset. While international markets typically quote gold in troy ounces, Thailand uses “baht gold,” a specific unit of measurement with cultural and economic significance in the local market. This unit influences how gold is traded, valued, and understood by consumers.

Understanding the Baht Gold Unit

The “baht” serves as a traditional unit of weight for gold in Thailand, distinct from the Thai currency which shares the same name. For gold bullion, one baht is precisely 15.244 grams, while for gold ornaments, it is approximately 15.16 grams. This weight translates to roughly 0.49 troy ounces of gold.

Thai gold commonly maintains a purity level of 96.5%, which corresponds to 23 karats. Although 99.9% pure gold (24 karats) is also available, the 96.5% standard is more prevalent for both investment bars and jewelry pieces in the Thai market. This purity level gives Thai gold its characteristic bright yellow color.

A distinction exists between gold bullion and gold ornaments within the baht unit system. Gold bullion, such as bars, is valued primarily by its intrinsic gold weight and purity. Gold ornaments, however, include an additional cost for craftsmanship, often referred to as a “making fee” or “gumnet.” This fee contributes to the slight difference in weight and overall cost compared to a pure gold bar of the same baht weight.

Factors Influencing the Price of Baht Gold

The price of one baht of gold is subject to several dynamic factors, reflecting both global market trends and local economic conditions. Gold is universally priced in U.S. dollars per troy ounce, establishing a baseline for its value worldwide. As of August 29, 2025, the global spot price for gold was $3,448.50 per troy ounce.

The exchange rate between the Thai Baht (THB) and the U.S. Dollar (USD) plays a significant role in determining the local price of baht gold. Fluctuations in this exchange rate directly impact how the global gold price translates into the local currency. A stronger Thai Baht can make gold appear less expensive in local terms, while a weaker Baht can increase its price.

Local supply and demand dynamics within Thailand also influence the price of baht gold. Thailand has a robust gold market with substantial consumer interest, often viewing gold as a reliable investment and store of wealth. Periods of high local demand or reduced supply can exert upward pressure on prices. Conversely, when global gold prices rise, Thai households sometimes sell their holdings to realize profits, which can affect currency flows and local market conditions.

For gold ornaments, an additional craftsmanship premium, or “making fee,” is integrated into the final price. This fee, known as “gumnet,” compensates for the intricate labor involved in creating jewelry. These fees can vary, typically ranging from 500 to 1,500 Thai Baht per baht-weight. This additional cost means that gold jewelry generally commands a higher price than an equivalent weight of gold bullion.

Accessing Current Baht Gold Prices and Transaction Basics

For consumers seeking current prices for baht gold, official sources provide frequently updated information. The Gold Traders Association of Thailand website (goldtraders.or.th) serves as the primary and most reliable source for daily gold prices. Additionally, established gold shops throughout Thailand prominently display their current buying and selling rates, which are updated multiple times daily to reflect market changes.

When engaging in gold transactions, it is important to understand the two-way pricing system used by gold shops. They typically advertise both a selling price (the price at which they sell gold to customers) and a buy-back price (the price at which they purchase gold from customers). The difference between these two prices, known as the buy-sell spread, can range from 100 to 400 Thai Baht per baht-weight for gold bars. For gold jewelry, this spread tends to be wider, ranging from 940 to 1,600 Thai Baht per baht-weight, reflecting the added craftsmanship value.

For purchasing or selling, patrons should seek reputable gold shops, particularly those affiliated with the Gold Traders Association. While transactions generally do not require a passport or identification, retaining the receipt from an initial purchase is advisable, as it can facilitate a smoother resale process and authenticate the item. Selling gold back to the original shop where it was purchased often results in the most favorable buy-back price.