March 22, 2024 Deputy Minister of Commerce warns of “fake gold” and recommends checking clearly before buying-selling. Avoid buying gold through online channels. Check the purity of gold according to GIT recommendations. Buy from certified stores.
Mr. Naphinthorn Srisanpang, Deputy Minister of Commerce Lead officials from the Department of Internal Trade Officials of the Gem and Jewelry Institute of Research and Development (GIT) and the Secretariat of Consumer Protection (OCPB) visited gold shop operators on Yaowarat Road, which are members of the Gold Traders Association. To check quality and gold standards gold scale standards including correct product labels and clearly posting the price of gold, gold jewelry, and gratuities In order to build confidence among the people
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At present, the price of gold has started to increase continuously, touching more than 37,500 baht per baht, which is causing fraudsters to including some online stores Use this opportunity to trick and sell “fake gold” in various fo
rms such as grade A gold, micron gold, cloned gold, stuffed gold, and gold jewelry. New techniques are used to make fake gold as close to real gold as possible. and cannot be checked with the naked eye In the past, there have been complaints of fraudulent trading of “fake gold”, both gold bars and gold jewelry. In 2023, there were more than 1,600 cases
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Therefore, in order to create confidence for consumers in purchasing gold. Therefore, it has been assigned to GIT, which is the central agency responsible for inspecting the purity of precious metals. Check the purity of gold Both gold bars and gold jewelry Accelerate to build confidence among consumers Passed inspection standards and issued a quality certificate from GIT to those interested before buying-selling by integrating with government agencies that are trusted. Ready to warn consumers to buy gold Check the origin of the gold carefully. Avoid buying gold through online channels that are priced lower than the market. It is recommended to buy from a g
old shop with a clear location. There is a clear announcement of the price of gold going up and down. The symbol that must be noted every time is the Gold Traders Association member sign (current year). It will help to have another level of confidence. or stores that have the Buy With Confidence project symbol through GIT certification, also known as the Buy With Confidence (BWC) project
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As for the problem of counterfeit gold The Gold Traders Association Has coordinated with relevant agencies Cooperate in the inspection along with reminding members of the association Be more careful. There are currently no issues found in member stores. Ready to deliver to the people If thinking about buying-selling gold Come buy it at a real gold shop. Don’t buy online which has a chance of becoming a victim of fraud
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Source: Thai News Agency