FIFA WORLD CUP 2018 Kata Rocks
Login | Create Account Poll Currency Weather Facebook Youtube Search

How do I know whether gold I buy in Phuket is real?

Recently, there have been a number of incidents of gold fraud in Phuket, the most recent totalling 3.6 million baht in damages. Read about out some of the ways to prevent being subject to the foolery...


By The Phuket News

Sunday 6 August 2017, 01:00PM


Making sure that the gold you buy is real is actually not that difficult. Photo: Shela Riva

Making sure that the gold you buy is real is actually not that difficult. Photo: Shela Riva

QUESTION

After reading the story about “fake gold” being sold to gold shops in Phuket (see story here), I was left stumped as to how could a gold shop not know the quality of gold they are buying? And if they don’t know what quality of gold they are buying from people who walk in off the street, how can they assure the quality of gold of the items these shops sell to the public?

Surely these shops just resell the necklaces and bracelets they buy from people to other people who walk into theirs shops. So how can I be sure of the quality of gold I am buying from these shops?

– Tilde Chimbote, Chalong

ANSWER

Any gold shops that are members of the Gold Traders Association are supposed to issue a certificate of authenticity with every item sold.

If the shop you want to buy a certain piece jewellery from does not offer – or worse, refuses to issue – a certificate of authenticity for the item you want to purchase, I wouldn’t trust them.

If you are given a certificate of authenticity and later realizes that the gold is “fake” or not of the quality as claimed in the certificate, you can use the certificate to press charges of fraud against the shop.

That said, nearly every single item sold by gold stores are 100% genuine. This is because most stores buy gold only from other large and reliable stores and makers, for example we purchase our gold only from other trusted stores on Yaowarat Rd in Phuket Town.

All gold jewellery is traditionally stamped with a number indicating the quality of the gold content, but this is no real indication of the real gold content. Cheats will also use these numbers/stamps to deceive buyers.

In fact, overall appearance is not a good way of judging the gold content of any item. Even fake gold usually feels and looks like real gold.

The most reliable method to check the gold is by scraping the jewellery on a whetstone. Gold shops will have these specialized whetstones and should do it in front of you. It is not the same kind of whetstone as used to sharpen knives.

– Parichart Boonma, deputy manager of CP Gold Master

 

The best way to tell if a gold shop is trustworthy is if it has been around for a long time, and if it is a member of the Gold Traders Association. If the shop is a member, there should be a sticker at the front of the shop indicating so.

– Panapong Suttheewong, Manager of the Gold Traders Association

 

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

Comments Here:
Comments Left:
# Characters
Username:
Password:
E-mail:
Security:

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
Phuket Governor leads beach cleanup ahead of HM King Birthday

They need a reason to clean their country when they just trash it the other 364 days of the year...A...(Read More)


Phuket search launched for jet-ski rider missing in storm

It would be a good idea to stop publishing derogatory comments. That would save more than 50% of sp...(Read More)


Phuket on alert over beach surf danger

Funny that ISLA has to volunteer to be the watchdog for hazardous beach conditions, because the immi...(Read More)


Tourists storm-stranded on Koh Racha safely returned to Phuket

19.July 2018.Table Rock Lake/Missouri. A tourist boat capsizes in bad weather.There was a storm warn...(Read More)


Phuket search launched for jet-ski rider missing in storm

Editor, my bad, in my comment the Editor replaced names with ... so may not make a lot of sense, how...(Read More)


Phuket search launched for jet-ski rider missing in storm

Please note that the comments on this thread have gone off topic and are becoming increasingly perso...(Read More)


Phuket search launched for jet-ski rider missing in storm

Regarding Thai road carnage it's a dead argument, there is no doubt Thai's are the world'...(Read More)


Phuket search launched for jet-ski rider missing in storm

Oh dear dear me, it appears the gang of Thai apologists has created a new account and going as ....,...(Read More)


Phuket search launched for jet-ski rider missing in storm

@ Wiesel, I have just come back from Bali, the roads are more congested that Phuket, yet I do NOT se...(Read More)


Tourists storm-stranded on Koh Racha safely returned to Phuket

@ Asterix, sadly tourist put their faith in the hands of people they believe are "professionals...(Read More)