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___ Baht

A measurement, unit of weight for gold.

In Thailand raw gold and gold jewellery are sold in the weight measurement called baht.
Smaller units of gold less than a baht are called satang.

Thai raw gold and gold jewellery show two differnet prices per baht.

"Raw" gold or bullion (standard purity of Thai gold is 96.5% a little over 23 K):
1 baht = 15.244 grams x 0.965 = 14.71046 grams, or 0.47295236 troy ounce (mass).

In the case of jewellery, one baht should be more than 15.16 grams.
One baht pure gold jewelry is worth about US$ 680 (in spring 2008)

A troy ounce is used in the pricing of precious metals, such as platinum, gold and silver.
One troy ounce = 480 grains.
One grain = 64.79891 mg.
One troy ounce = 31.1034768 grams.

The currency of Thailand is also called Baht (1 baht divided into 100 satangs).
Currency exchange in spring 2008:
US$ 1 = 30 Baht , 1 Euro is about 50 Baht
(in March 2015, US$ 1 = 33 Baht , 1 Euro = 35 Baht)

In 1897 King Chualalongkorn changed the previous name of the Thai currency from tical to baht.


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