Thai gold is strictly regulated by the government and is bought and sold around the country at many independent and larger chains of gold shops that you can find almost as easily as a 7-Eleven. Thai gold is all solid 0.965 (96.5%) fine gold, which is equivalent to more than 23 karat gold (23 karat gold would only be 95.8% fine, and this is 96.5% fine). The remaining 3.5% is a mixture of silver and copper to give the jewelry some resilience.
This is a necklace that could be worn by either a woman or a man. It was bought directly from a gold shop on Yaoworaj Road in Bangkok, the gold trading capital of Southeast Asia, known as Bangkok's China Town. This item has not been worn. It is around 40 cm long. It has a bendable "S" style clasp for opening and closing it that can easily be manipulated open or closed.
This chain weighs 3.80 grams, known as a "quarter baht". A "baht" in gold is a unit of measure (different from the current currency unit in Thailand that is also called a "Baht"). A gold "baht" is 15.2 grams of 0.965 gold. Jewelry is often slightly off from this, although this piece weighs a perfect 3.80 gram "quarter baht" (also known as a "salung"). The chain features finely detailed conical ends and ribbed chain links. The chain itself is almost 17 inches long, and it does reach 17 inches if you include the "S" clasp and the end bits.
The "Actual Gold Weight" (AGW) of this piece is 0.117 Troy Ounce of fine gold. We arrive at this by taking the gross weight of the piece, 3.80, and multiplying that by 0.965, and then dividing that amount by the number of grams of fine 0.999 gold in a troy ounce of 0.999 fine gold, which is 31.104, and, that comes out to 0.1178. So the "AGW" of this piece is 0.117, which is slightly over 1/10 of an ounce of pure gold, so, it is more gold than a 1/10 ounce gold panda or maple leaf coin, and even outweighs a gold ducat coin of 0.11 AGW.
This will be shipped with the original red plastic case it came in.
