Can I apply one formula to every gold quote?

No. Verify the quote’s weight and fineness basis and the contract’s own rules.

Does this give the shop’s bid or ask?

No. It calculates the specified metal-value relation, not retail terms.

How do the dollar gold price and USD/THB enter Thai gold value?

TL;DRFor an explicitly fine-ounce USD quote, intrinsic baht-bar metal value is USD per fine troy ounce × THB per USD × 15.244/31.1034768 × 0.965. This unit conversion is not a retail buy/sell quote; TFEX GF/GF10 uses its own settlement specification.

Source as of Source undated · Source check 2026-10-25 · ภาษาไทย

Dated source reference; not a live quote.

Facts and sources

Fine-ounce input

Use the formula only when the USD input is per fine troy ounce.Source: LBMA market conventions; dimensional derivation · Checked: 2026-10-25

TFEX contract distinction

Published GF/GF10 final-settlement formula includes (0.965/0.995).Source: TFEX Gold Futures contract specification · Checked: 2026-10-25

FAQ

Can I apply one formula to every gold quote?: No. Verify the quote’s weight and fineness basis and the contract’s own rules.
Does this give the shop’s bid or ask?: No. It calculates the specified metal-value relation, not retail terms.

Facts and sources

FAQ

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