Gold Price Today in Malaysia
Today's Gold Prices in Malaysia - All Karats Live
The following are raw gram prices for the gold price in Malaysia (before making charges), showing the sell price (what you pay when buying) and the buy price (what you get when selling to a shop).
| Karat | Buy Price | Sell Price | Daily Change |
|---|---|---|---|
| 24k | 595.04 MYR | 612.72 MYR | ▲ 1.59 (+0.26%) |
| 22k | 545.46 MYR | 561.66 MYR | ▲ 1.46 (+0.26%) |
| 18k | 446.28 MYR | 459.53 MYR | ▲ 1.19 (+0.26%) |
| Ounce | 18,507.83 MYR | 19,057.74 MYR | ▲ 49.42 (+0.26%) |
Last updated: 02:20 - 21 August 2026
Gold Performance in Malaysia Over Last Year
Gap Between Gold Price in Malaysia and the Global Price
The table below shows the difference between the displayed local price and the raw global spot price for the same quantity in USD. This is a different indicator from the shop-level "buy/sell spread," since it compares the local price to the pure global price rather than yesterday's price.
| Karat | Local Price | Global Equivalent | Difference |
|---|---|---|---|
| 24k | 612.72 MYR | 589.15 MYR | +23.57 MYR |
| 22k | 561.66 MYR | 540.06 MYR | +21.60 MYR |
| 18k | 459.53 MYR | 441.86 MYR | +17.67 MYR |
Popular Bullion Bars in Malaysia
| Bar | Weight (g) | Price |
|---|---|---|
| 1g Bar | 1 | 624.97 MYR |
| 5g Bar | 5 | 3,109.55 MYR |
| 10g Bar | 10 | 6,200.73 MYR |
| 50g Bar | 50 | 30,942.36 MYR |
Gold Performance in Malaysia - Long Term
Terms Worth Knowing Before You Buy Gold
- What is a troy ounce?
- The troy ounce is the standard global unit used in gold trading on every exchange worldwide, and it equals exactly 31.1035 grams.
- What is the difference between buy and sell price?
- The sell price is what you pay when acquiring gold from a shop, while the buy price is what you receive when selling your jewelry back to the same shop, with the gap representing the dealer's margin.
- What does the karat number mean?
- The karat number indicates the proportion of pure gold in a piece out of 24 parts, so 21k means 21 parts pure gold out of 24, or 87.5% purity.
Market Analysis
Malaysia's cultural diversity shapes its gold market in distinct ways, with Malay, Chinese, and Indian traditions all converging into one market, creating a wide variety of design styles and buyer preferences.
The Royal Malaysian Mint serves as the official source for locally certified gold coins and bars, with its products widely trusted as an officially recognized guarantee of purity and quality.
22k, locally known as '916' referencing its per-mille purity, stands as the core standard for jewelry in Malaysia, while 24k is favored for investment bars.
Malaysia applies a sales and services tax on certain goods categories, though its application to gold and jewelry can vary depending on the piece and purchase purpose.
Frequently Asked Questions
Why is 22k referred to as '916' in Malaysia?
916 refers to per-mille purity, a common Southeast Asian way of expressing gold fineness instead of the traditional karat system.
What is the Royal Malaysian Mint?
The official issuer of locally certified gold coins and bars, with products widely trusted as a recognized quality guarantee.
What's the most common karat in Malaysia?
22k (916) is the jewelry standard, while 24k is favored for investment bars.