Gold Price in Malaysia (MYR)
What gold actually costs in Malaysia
Real dealer prices — not spot converted to MYR — with the premium over international spot as a first-class field.
Malaysia dealer gold prices are tracked from 3 sources, priced in MYR, with the premium over international spot computed per quote.
Dealer quotes
| Source | Brand | Product | Sell | Buyback | Premium |
|---|---|---|---|---|---|
| bnm_my | BNM | bar (7.775875g) | 4,664.00 | 4,318.00 | 10.79% |
| bnm_my | BNM | bar (15.55175g) | 9,159.00 | 8,636.00 | 8.78% |
| bnm_my | BNM | bar (31.1035g) | 17,979.00 | 17,271.00 | 6.77% |
What is premium over spot?
Premium over spot is the percentage gap between a dealer's quoted sell price and the international spot price, converted to MYRat the live exchange rate. It captures dealer margin, import costs, refining, and local demand — the reason two dealers in the same city can quote different prices for the same purity of gold. A higher premium means you're paying more above the raw metal value; this API surfaces it as a first-class field (premium_over_spot_bps) for every quote instead of leaving buyers to compute it themselves.
Gold in Malaysia
Malaysia's gold market centers on Bank Negara Malaysia's Kijang Emas gold bullion coin and BNM-referenced dealer rates, which act as the country's de facto benchmark the way SGE does in China. Physical gold buying is common among Malay and Chinese-Malaysian households as a savings vehicle, particularly around festival gifting seasons.
Convention: Bank Negara Malaysia (BNM) benchmark bar prices, quoted per gram.
Other countries
Frequently asked
What is the benchmark gold source in Malaysia?
Bank Negara Malaysia (BNM) publishes reference bar prices that most Malaysian dealers price against, similar to how the Shanghai Gold Exchange sets China's domestic benchmark.Is the Malaysian gold price shown per gram or per unit?
Per gram, matching BNM's own quoting convention for bullion bars.