Gold, gold, gold!

bristikhatun88

What a bargain! The price of 400 baht for 15.244 grams 50-60 years ago has gone up to almost 47,000 baht, or more than 100 times today. And within the past 7 years, the price has increased threefold.
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It’s hard to find anything hotter than Thai rcs data philippines politics right now. If you say it like that, even a child can say that it’s “gold.”  Today, let’s look at all the numbers about gold that are confusing and see how much more it will go this year.

Gold has an international unit of measurement, which is the troy ounce or 31 grams. As for Thailand, we have a unit of weight for gold in baht, which is a bit of a headache because it overlaps with the unit of money. But that's okay because we've been used to it for a long time. 1 baht of gold weighs 15.244 grams.

Therefore, 1 kilogram of gold is equal to 65.6 baht of gold. At a gold price of 46,700 baht (highest on 24 February 2025), 1 kilogram of gold is worth approximately 3 million baht.

Surprisingly, it is not a large chunk, but it weighs 1 kilogram. The reason for this is because it has a specific gravity of 19.3, or 19.3 times heavier than the same volume of water.

For gold stored by banks or international institutions internationally, it will be a gold bar called GDB (Good Delivery Bar), with a purity of 99.5 (995 fineness), weighing 400 troy ounces, with dimensions of 250x70x40 millimeters and each bar will have a number and the name of the company. The special term for gold with a purity of up to 99.99% (999.9 fineness) is “four nines fine gold”.

It has been estimated by restless people that if all the smelted gold in the world were piled up, it would weigh about 208,874 tons (as of 2023, according to the World Gold Council), and if all were melted together, it would form a cube measuring 22x22x22 meters, with one side as high as a 7-story building.

As for the remaining gold in the world as minerals, the US Geological Survey estimates that there are about 64,000 tons underground and another 20 million tons dissolved in seawater.