The allure of Balinese gold – beautiful craftsmanship at a potentially discounted price – is a tempting proposition for many visitors. But before you dive into buying a dazzling necklace or a chunky ring, let’s break down the reality of "cheap gold" in Bali.
The Truth About Price
Gold itself has a global market price. So, in terms of the pure metal value, you won’t find a significant difference in Bali compared to other places. However, there can be some advantages:
- Lower Labor Costs: The cost of crafting the jewelry can be cheaper in Bali due to lower labor costs. This means you might pay less for the finished product compared to a similar piece made elsewhere.
- No Markup on Making: Some Balinese shops price gold by weight, with the daily gold price displayed for different purities. You’re essentially just paying for the gold itself, not a markup on the craftsmanship.
So, it’s not necessarily about the gold being cheaper, but potentially getting a better deal on the total piece.
Important Considerations
Here’s what to keep in mind before you buy:
- Beware of Fakes: Unfortunately, there are fake gold pieces out there. Stick to reputable shops, especially those government-certified like Pegadaian.
- Carat Knowledge: Balinese gold often comes in 22 carats (higher than the typical 18 carats in the West). Understand the difference and what suits your preference.
- Style Variations: Balinese gold tends to have a distinct style that may not be for everyone. Be sure you love the design before you commit.
- Bargaining is Expected: Don’t be afraid to negotiate a bit on the price, especially for larger pieces.
The Bottom Line
While the gold itself might not be dramatically cheaper, beautiful Balinese craftsmanship at a potentially lower overall cost can be a good find. Just be cautious, do your research, and ensure you’re buying from a reputable source. Happy shopping!
