Platinum market chart
Historical benchmark in MYR per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in MYR per Tola
Live platinum price history in Malaysian Ringgit (MYR) per tola. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 11.6638 grams
= 0.375000 troy ounces
Price per tola: —
Platinum price by currency
Fine platinum per tola · current exchange rates
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US Dollar
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Euro
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British Pound
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South African Rand
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Russian Ruble
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Turkish Lira
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Malaysian Ringgit
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Taiwan Dollar
Platinum 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 | — |
What is a Tola? Platinum weight, conversions and local use
Definition. The tola (11.6638 g) is the traditional South Asian unit for gold and remains the standard quote in Indian and Gulf jewellery shops. Locally it is written तोला. One tola equals 11.6638 grams, or 0.37500 troy ounces, which at today's platinum spot price works out to — MYR.
Where it is used. Ten-tola bars ('TT bars', 116.64 g) are the classic Dubai-to-India trade format, and wedding jewellery is still ordered by the tola. The unit is the trading standard in India, Pakistan, Nepal and the Gulf.
Pricing conventions. Indian shops quote a tola rate for 22K (0.916) rather than pure metal, then add making charges of 8–25%. Gulf shops quote 24K per tola or per gram and charge a smaller fixed making fee. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
Good to know. The tola was once the weight of a British India silver rupee, which is why the unit is tied so closely to jewellery and savings culture.
Platinum price per Tola in MYR — quick conversion table
| Quantity | Grams | Troy ounces | Value (MYR) |
|---|---|---|---|
| 1 tola | 11.664 g | 0.3750 oz t | — |
| 5 tolas | 58.319 g | 1.8750 oz t | — |
| 10 tolas | 116.638 g | 3.7500 oz t | — |
| 100 tolas | 1,166.38 g | 37.5000 oz t | — |
Values are calculated from the live XPT spot price converted into Malaysian Ringgit and refresh with the price above.
Buying Platinum in Malaysia: local market, taxes and premiums
At the live price shown above per tola, the price you see here is the international XPT 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. Silver, platinum and palladium are freely traded with no consumption tax, though liquidity is much thinner. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum in MYR can sit noticeably above the spot value of the same tola 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 tola with the live platinum 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 Platinum Price in MYR
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Tola in Malaysian Ringgit
The current platinum price per tola in Malaysian Ringgit (MYR) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum 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 tolas, which may be more practical for local transactions.
The tola is a traditional Indian unit of weight, still commonly used for gold in South Asia. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current MYR Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Malaysia investors tracking platinum in MYR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in MYR – FAQ
How much does one ounce of platinum cost in MYR today?
One troy ounce of platinum 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 XPT/MYR rate.
What is the current platinum rate in Malaysia today?
The current platinum rate in Malaysia is the live spot price shown on this page per tola. Prices refresh every 5 minutes and follow the international Platinum spot price converted to Malaysian Ringgit.
How much is 1 tola of platinum in MYR?
1 tola of platinum 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 tola = 11.6638 grams).
How is the platinum price per tola calculated?
The platinum price per tola 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 tola weight unit (1 tola = 11.6638 grams).
Do I pay tax or VAT when buying platinum in Malaysia?
Silver, platinum and palladium are freely traded with no consumption tax, though liquidity is much thinner. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per tola more than small differences in the MYR spot quote.
Where do people usually buy platinum 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 platinum higher than the spot price in MYR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per tola with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Malaysia platinum 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.