Gold Price in Malaysia | Discover 24k Rates – 2023

24 Carat Gold Price In Malaysia:
259.613 (MYR) Per Gram

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If you want to buy gold, you should be thinking what is the gold price in Malaysia right now. You can get quotes for gold rates in Malaysia in the local currency as well as in other currencies, such as the United States, Great British Pounds, euros or Japanese Yen. Gold is usually measured in ounces, grams, or kilograms.

Here are the latest gold price in malaysia for all carats, also referred as gold myr.

*these rates are taken from some reliable sources of the industry.

Gold from Malaysia is tax-free and is available at a lower price than gold from other countries. Additionally, its purity and quality are superior to gold from other countries.

You can refer to the table below for live gold price in malaysia.

Gold Price In Malaysia Per Gram, Kilo, Ounce

Gold price today per gram in Malaysia shown in the following table (ounces, tolas, grams, kilograms, etc.).  

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Prices for Gold Carats

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Vori, per Aana, and per ounce in the table below. You can also calculate gold bar price from this.

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Gold price in Malaysia | Calculator

From here, you can calculate the gold price today per gram in ringgit, also its quantity can be increased or decreased from the up/down keys.

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An example of how jewellery production is actually done is illustrated in the following graphic.

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  To help you understand how this guide flows and what it covers, we outline the following topics.  

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Keep a Track of Gold price in Malaysia

Gold rates were set at daily meetings of the Association.The rate was to be effective throughout the country 24 hours a day. In accordance with Association, the Federation makes reference to the international market.

Citizens of Malaysia have been warned that gold jewelry should never be purchased or sold without following proper security and safety procedures.

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Measuring Units Of Gold

In Malaysia, gold weight is also measured in grams, kilograms, and tolas.

• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams

The tools below allow you to convert gold weight between different units:-

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Guide For the Buyers

Visitors to Malaysia by air are allowed to bring up to a certain amount of gold ornaments for free, as long as they take the ornaments back with them.

For security reasons, the Ministry of Interior has warned Malaysian citizens not to buy or sell gold jewelry without following proper security and safety procedures.

How to Avoid Risks while Buying Gold

1. We can determine the purity of gold by measuring its carat. A gold bar made out of 24kt has 99.9% purity, while one made out of 22kt, 18kt, 14kt has a reduced level of purity.
2. When considering investing in gold, it is important to check its purity.
3. A hallmarked piece of jewellery is another way to determine purity.
4. Before making the purchase, you should make sure that the gold is of the correct weight.

Investing In gold

Gold mutual funds offer an alternative to physical gold investments for those who do not want to invest in gold.

Your bank can provide you with gold by buying gold coins, gold bars, or gold bullion.

The shops that carry gold sell bars and coins containing 24 karat gold. They can even contain 999.9 percent pure gold.

This range includes bullions weighing from 1 gram to 1 kilogram.

The option of holding gold coins and bars and profiting from future price increases is available to investors, or they can choose to sell them to make a profit.

Price Issuing Authority

Each day, the Gold Rate Association met to set the gold rate for the whole country. The gold rate was to be effective 24 hours a day throughout the country.

A reference to the international market is made by the Federation in accordance with Association.

Several banks analyze supply and demand for gold futures derivative markets to determine both the average spot price and the fixed price for gold through a panel of internal and external chair members, an oversight committee, and a number of internal and external bank representatives.

Gold Carats In Malaysia

Various carats and their respective Hallmark of Gold jewelry are as follows:

• Gold 24 Karat is 99.99% pure with Hallmark 999
•  Gold 22 Karat is 91.67% pure with Hallmark 916
•  Gold 20 Karat is 83.33% pure with Hallmark 833
•  Gold 18 Karat is 75.00% pure with Hallmark 750
•  Gold 16 Karat is 66.67% pure with Hallmark 667
•  Gold 14 Karat is 58.33% pure with Hallmark 583
•  Gold 12 Karat is 50.00% pure with Hallmark 500
•  Gold 10 Karat is 41.67% pure with Hallmark 417

24 Carat Gold

Its dominant color is yellow. Due to gold’s strength, coins, bars, and biscuits are made from it.

Because it is pure gold, it is more expensive compared to other forms of gold, making it a great investment in scenarios in which gold is sold with minimal or no depreciation.

The purest form of gold is 24 karats, a precious metal with malleable properties. The purest form of jewelry cannot be formed into shapes and sizes of different sizes.

22 carat gold in malaysia

The least pure form is 22 carat gold in malaysia, this form can be used for making jewellery. To add impurity and strength to a mixture, a number of metals, including silver, nickel, and others, are mixed together.

A precisely divided portion of gold is composed of 22 parts gold and 2 parts impurities. Contrary to 24 karat gold, this color is a little tainted, as opposed to a bright yellow.

20 Carat Gold

The composition of alloys containing 20K gold is 83.3% purity and the remainder is impurities. In 20-carat gold and Hallmark 833 gold, there is no difference in value.

Recent years have seen a significant increase in the price of 20-carat gold.

Chains, rings, and earrings are commonly made of 20 carat gold in antique jewelry.

18 Carat Gold

Depending on its impurities, gold takes on many different forms. Seventy-five percent of gold grains consist of 18-carat gold particles, while 25 percent have impurities.

Our next article on Malaysia’s 18 Carat Gold rates will be posted soon, so check back for more updates.

14 Carat Gold

One of the best everyday jewelry pieces is solid gold, such as 14k gold.

In general, 58 percent of the gold in an alloy containing 14k gold is contained within.

A stronger metal alloy is created by adding nickel, copper, and silver to 14k gold rather than just gold alone.

Historical Prices for All Gold Carats

Studying historical gold prices is one of the best ways to make accurate gold price predictions 

DATE	24k Price (MYR)	22k Price (MYR)	21k Price (MYR)	18k Price (MYR)	14k Price (MYR)
07 January	264.479	242.449	231.419	198.379	154.459
07 February	259.347	237.767	226.957	194.597	151.567
06 February	257.447	236.027	225.297	193.167	150.457
05 February	256.017	234.707	224.037	192.097	149.627
04 February	256.017	234.707	224.037	192.097	149.627
03 February	263.537	241.607	230.617	197.737	154.007
02 February	266.827	244.617	233.497	200.197	155.927
01 February	264.867	242.817	231.777	198.727	154.787
31 January	262.877	241.007	230.047	197.237	153.627
30 January	264.127	242.147	231.137	198.177	154.357
29 January	263.517	241.587	230.597	197.717	153.997
28 January	263.517	241.587	230.597	197.717	153.997
27 January	262.417	240.577	229.647	196.897	153.357
26 January	266.477	244.297	233.187	199.937	155.727
25 January	265.367	243.287	232.227	199.107	155.077
24 January	267.047	244.827	233.687	200.367	156.057
22 January	266.087	243.937	232.847	199.647	155.497
21 January	266.087	243.937	232.847	199.647	155.497
20 January	266.127	243.977	232.887	199.677	155.527
19 January	265.387	243.307	232.237	199.127	155.097
18 January	264.917	242.867	231.827	198.767	154.817
17 January	266.637	244.447	233.327	200.057	155.817
16 January	266.727	244.527	233.417	200.127	155.877
15 January	268.117	245.807	234.627	201.167	156.687
14 January	268.117	245.807	234.627	201.167	156.687
12 January	265.047	242.987	231.947	198.867	154.897
11 January	264.917	242.867	231.827	198.767	154.817
10 January	264.017	242.047	231.037	198.097	154.287
09 January	264.597	242.577	231.547	198.527	154.627

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

The gold prices in the table are based on the international market value; they fluctuate according to market conditions in Malaysia. Price updates vary depending on the source, but the majority occur every fifteen minutes.

It would also be a good idea to recheck the prices in certain physical stores as well.

JewellsMark does not take responsibility for gold prices on the international market.