Gold market chart
Historical benchmark in MYR per troy ounce; weight conversions are shown in the tables.
Gold Price Chart in MYR per Pennyweight
Live gold price history in Malaysian Ringgit (MYR) per pennyweight. Toggle 24H, 7D, 30D, and 1Y ranges to analyze gold trends.
Quick Calculator
Calculate gold value
= 1.5552 grams
= 0.050000 troy ounces
Price per dwt: —
Gold price by currency
Fine gold per pennyweight · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Gold price by weight
| Weight | Grams | Spot value (MYR) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
Gold price by karat & hallmark
Metal-only melt value; stones and making charges are not included.
What is a Pennyweight? Gold weight, conversions and local use
Definition. The pennyweight (1.55517 g, one twentieth of a troy ounce) is the unit American jewellers and scrap buyers still quote in. One pennyweight equals 1.55517 grams, or 0.05000 troy ounces, which at today's gold spot price works out to — MYR.
Where it is used. Repair work, casting weights and scrap gold offers in the US are almost always priced per pennyweight rather than per gram. The unit is the trading standard in United States jewellery trade.
Pricing conventions. A scrap buyer quoting per dwt is quoting on a unit roughly 1.5 times a gram, so always convert before comparing with an online per-gram offer. Gold is the metal most often traded in these traditional units, because jewellery and savings demand kept the old weights alive long after industry went metric.
Good to know. The name survives from the medieval English penny, which literally weighed one pennyweight of silver.
Gold price per Pennyweight in MYR — quick conversion table
| Quantity | Grams | Troy ounces | Value (MYR) |
|---|---|---|---|
| 1 pennyweight | 1.555 g | 0.0500 oz t | — |
| 5 pennyweights | 7.776 g | 0.2500 oz t | — |
| 10 pennyweights | 15.552 g | 0.5000 oz t | — |
| 100 pennyweights | 155.517 g | 5.0000 oz t | — |
Values are calculated from the live XAU spot price converted into Malaysian Ringgit and refresh with the price above.
Buying Gold in Malaysia: local market, taxes and premiums
At the live price shown above per pennyweight, the price you see here is the international XAU spot price converted into Malaysian Ringgit. Physical buyers in Malaysia pay that reference plus a premium, and local trading is concentrated around Kuala Lumpur, with Poh Kong and Habib the largest retail chains. Buyers there generally watch the Bank Negara Kijang Emas price in ringgit as the day's reference.
Taxes and duties. There is no GST in Malaysia, and investment precious metals were exempt when GST existed, so bullion trades near spot plus premium. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. That is why the shop price of gold in MYR can sit noticeably above the spot value of the same pennyweight of metal.
How people usually buy. The common routes in Malaysia are Poh Kong and Habib outlets, bank gold investment accounts (GIA), online dealers and Islamic gold accounts. The products most often quoted locally include Kijang Emas coins, 1 g to 100 g bars, 916 jewellery.
Local conventions. 916 (22K) jewellery dominates retail and Shariah-compliant gold accounts must settle on a spot basis under BNM rules. Before you buy, compare the dealer's asking price per pennyweight with the live gold price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline MYR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Malaysia can change.
Other Precious Metals in MYR
Compare prices across different precious metals
About Gold Price in MYR
What is Gold?
Gold is a chemical element with symbol Au and atomic number 79. It is a dense, soft, malleable metal that has been used as a store of value for thousands of years.
History
Gold has been known and used by artisans since the Chalcolithic age. Egypt and especially Nubia had the resources to make them major gold-producing areas for much of history.
Common Uses
Interesting Facts
- •Gold is one of the least reactive chemical elements
- •All the gold ever mined would fit in a cube about 21 meters on each side
- •Gold is so malleable that a single gram can be beaten into a sheet of 1 square meter
Gold Price Per Pennyweight in Malaysian Ringgit
The current gold price per pennyweight in Malaysian Ringgit (MYR) is updated in real-time based on international market rates. Gold is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling gold in Malaysia, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in pennyweights, which may be more practical for local transactions.
The pennyweight is a unit of mass equal to 24 grains, 1/20 of a troy ounce. This unit is commonly used when trading gold in various markets around the world.
Gold Long-Term Returns vs Current MYR Price
How gold has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Malaysia investors tracking gold in MYR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Gold price in MYR – FAQ
How much does one ounce of gold cost in MYR today?
One troy ounce of gold currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAU/MYR rate.
What is the current gold rate in Malaysia today?
The current gold rate in Malaysia is the live spot price shown on this page per pennyweight. Prices refresh every 5 minutes and follow the international Gold spot price converted to Malaysian Ringgit.
How much is 1 pennyweight of gold in MYR?
1 pennyweight of gold equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the MYR exchange rate (1 pennyweight = 1.55517 grams).
How is the gold price per pennyweight calculated?
The gold price per pennyweight is calculated by converting the international spot price (quoted per troy ounce in USD) to MYR using the current exchange rate, then converting to the pennyweight weight unit (1 pennyweight = 1.55517 grams).
Do I pay tax or VAT when buying gold in Malaysia?
There is no GST in Malaysia, and investment precious metals were exempt when GST existed, so bullion trades near spot plus premium. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per pennyweight more than small differences in the MYR spot quote.
Where do people usually buy gold in Malaysia?
The usual routes are Poh Kong and Habib outlets, bank gold investment accounts (GIA), online dealers, Islamic gold accounts. Local trading is centred on Kuala Lumpur, with Poh Kong and Habib the largest retail chains, and the products most often quoted are Kijang Emas coins, 1 g to 100 g bars, 916 jewellery.
Why is the shop price of gold higher than the spot price in MYR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Gold is the deepest of the four precious metals markets, so local retail spreads are usually the tightest and buy-back is easiest. Compare the asking price per pennyweight with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Malaysia gold market follow?
Local buyers generally follow the Bank Negara Kijang Emas price in ringgit, converted into Malaysian Ringgit (MYR). 916 (22K) jewellery dominates retail and Shariah-compliant gold accounts must settle on a spot basis under BNM rules.