Gold Rate in Malaysia Today
Today's gold price in Malaysia in MYR, based on the international spot price and the daily exchange rate. Sales tax on jewellery varies.
Gold price in Malaysia
Live price and how it is built up in each country.
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How gold is priced in Malaysia
- 1International spot price, set in US dollars per ounce.
- 2Converted to MYR (daily market rate).
- 3Purity: 22K is 91.67% of the 24K price, 18K is 75%.
- 4Sales tax: varies — see note below.
- 5Making charges, wastage & shop premium, set by each jeweller — use the calculator above.
Tax treatment of gold jewellery not confirmed — check with the jeweller.
Tax and duty rates are indicative and change over time — confirm locally before buying.
India vs
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Tips for expats bringing gold to India
- Duty-free jewellery: up to 20 g for men and 40 g for women if you have lived abroad for 1 year or more.
- Bars and coins have no duty-free allowance — they must be declared and duty is charged.
- Jewellery above the allowance must be declared at the red channel; customs duty applies to the excess.
- Keep the jeweller's invoice showing weight and purity — customs may ask for it.
Rules change often. Check the latest CBIC baggage rules before you travel.
Frequently asked questions
How is the gold price in Malaysia calculated?
It starts from the international spot price in US dollars per troy ounce, divided by 31.1035 to get the price per gram, converted to MYR at the daily exchange rate, and adjusted for purity (22K is 91.67%, 18K is 75%).
Is there tax on gold jewellery in Malaysia?
Sales tax on jewellery varies in Malaysia. Tax treatment of gold jewellery not confirmed — check with the jeweller.
Is gold cheaper in Malaysia than in India?
Usually, because India adds a 15% import duty and 3% GST. Use the India vs Dubai comparison and the customs allowance calculator to check the full cost of buying abroad and bringing it to India.