The price of gold has dropped dramatically in the last few days and as a result gold shops around the island, especially the main gold outlet of Montri Road in Phuket Town, have seen crowds flocking to buy gold items of gold jewelry and also gold bars.
This morning, 19 Apr 2013, saw a small increase of 50 baht resulting in gold trading at 18,950 Baht. Shop owners here in Phuket have said the price of gold has become extremely volatile and buyers should use extra caution. It is good for those who want to buy gold pendants for themselves or someone else; however those who are buying as an investment should be aware that the price may fall further. Shops around the island have seen an increase in customers of around 2 to 3 times what they have seen in the past.