Money and Unit of Mass
Ngoen (เงิน) is Thai for silver as well as the general term for money, reflecting the fact that the baht (or tical) is foremost a unit of weight for precious metals and gemstones. One baht = 15.244 grams. Since the standard purity of Thai gold is 96.5%, the actual gold content of one baht by weight is 15.244 × 0.965 = 14.71046 grams; equivalent to about 0.473 Troy ounces. 15.244 grams is used for bullion; in the case of jewellery, 1 baht should be more than 15.16 grams.
Read more about this topic: Thai Baht
Famous quotes containing the words money, unit and/or mass:
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