This year, I’m thinking about saving gold but I’m confused about which Yaowarat shop to buy from. I’ve been gathering information for a while and want to share with you that there are actually quite trustworthy shops.

When it comes to which Yaowarat shop is good, I think you should choose between shops with a long history, a large customer base, and are members of the Gold Traders Association of Thailand. Old-established shops like Hua Seng Heng (about 70 years), Yaowarat Gold Department Store (over 50 years), Mae Thong Sook (60 years), or TTK Tang Tuo Kang (160 years!) are all options that can give you peace of mind.

But now, it’s not just about going to the shop. The best Yaowarat shop also needs to have online services because nowadays, Osiris, Mae Thong Sook, Hua Seng Heng, and Aurora all have online platforms. You can buy and sell gold bars 24 hours a day. Importantly, the prices are standardized according to the association, so you don’t have to worry about being scammed.

Regarding prices, which Yaowarat shop is good, you should check whether the shop references the prices from the Gold Traders Association of Thailand. If so, the prices will be the same across all shops. The premiums, block fees, and polishing fees vary from shop to shop, so compare before making a decision.

For long-term gold savings, I think choosing gold bars is better than gold jewelry because jewelry has higher premiums and is harder to sell back at the same price as gold bars. But if you want it as jewelry, Aurora, Thana Gik Gold, and Thana Gik also have beautiful designs to choose from.

The most important thing is to choose a shop that provides a product warranty. If you want to sell back later, you need to sell to the same shop you bought from. The warranty helps the shop accept and give a good price; otherwise, you’ll definitely face issues with resale value.

Another thing to watch out for: if you’ve decided which Yaowarat shop is good and want to trade gold short-term, I recommend using online platforms instead. They make buying and selling easy, no need to hold physical gold, no storage fees, and you can use margin trading. You can trade with a small amount of capital, which is more convenient than going to a shop.

In summary, which Yaowarat shop is good for buying gold mostly depends on what you want the gold for—long-term savings, jewelry, or short-term trading. However, a shop suitable for investment should have a long history, trusted by customers, be a member of the association, and offer comprehensive services. No matter which Yaowarat shop is good, you should check these factors carefully before making a purchase.