Malaysia gold price benchmarks rose on Wednesday, 28 October MYT, with the one-ounce Kijang Emas selling quote increasing RM259 to RM17,647. The buying quote rose RM244 to RM16,939, according to Bank Negara Malaysia's daily table.
The BNM coin-price table records Tuesday's selling and buying levels at RM17,388 and RM16,695. Wednesday's selling increase is approximately 1.49%, calculated from those daily observations.
Maybank's counter board, effective at 11:00 AM MYT, independently showed the same Kijang Emas figures. The bank describes its displayed rates as indicative and subject to change, so transaction prices still require confirmation.
Malaysia Gold Price Rises With a Wider Coin Spread
The difference between the one-ounce selling and buying quotes widened to RM708, from RM693 on Tuesday. The new gap is approximately 4.01% of the selling price. A buyer therefore needs to consider the resale quote alongside the increase in the displayed purchase price.
BullBuzz's Tuesday Kijang Emas update recorded the earlier RM102 rebound. Wednesday adds a separate daily observation in the recurring series; it does not establish the price available when a later order reaches the counter.
- One ounce: RM17,647 selling and RM16,939 buying.
- Half ounce: RM8,990 selling and RM8,470 buying.
- Quarter ounce: RM4,578 selling and RM4,235 buying.
The half-ounce spread is RM520 and the quarter-ounce spread is RM343. Those smaller ringgit gaps should be compared with each coin's own purchase price. Comparing absolute spreads alone would overlook the different amounts of gold involved.
Across Tuesday and Wednesday, the one-ounce selling quote has risen RM361 from Monday's RM17,286. Its buying quote has risen RM340 over the same comparison.
Bank Gold Accounts Use Separate Per-Gram Rates
At its 11:00 AM MYT update, Maybank's Gold Investment Account showed RM545.89 per gram selling and RM524.45 buying. The calculated difference is RM21.44 per gram. These account figures are separate from the Kijang Emas coin prices.
A per-gram account quotation and a per-coin selling price are not interchangeable. Product structure, the amount purchased and the applicable transaction terms all need to match before a comparison is useful.
The official Kijang Emas specifications identify the one-ounce coin as 99.99% pure gold weighing 31.105 grams. Its RM200 face value is distinct from the much higher bullion trading price shown on the daily board.
Dealer Snapshots Add Another Retail Comparison
GB Gold's price page, saved at its 1:00 PM MYT update, quoted 999.9 gold at RM568 per gram when customers buy and RM528.24 when they sell. That is a RM39.76 gap.
The dealer says its buyback quote applies to its own bars, dinar and Gold Bullion Storage holdings. Other brands have separate purity-based rates. The snapshot should not be substituted for a fresh counter quotation for an item from another maker.
Public Gold's board showed its accumulation programme at RM578 per gram for 28 October. Its physical 10-gram bar was separately listed at RM5,731 selling and RM5,215 buying in the 12:55:24 PM MYT snapshot.
That bar's calculated spread is RM516. The programme quote and the physical-bar quote describe different purchases. Public Gold's displayed prices also exclude the gold premium, which buyers need to check before treating a board figure as a final invoice amount.
What Malaysian Buyers Should Check Next
The latest one-ounce selling quote is RM215 above Friday's RM17,432 level. BullBuzz's Friday price report provides that comparison point, while Wednesday's two-sided quotes show the current difference between entry and resale prices.
The next useful checks are a fresh timestamp, the exact product and weight, any premium, and the dealer's buyback conditions. A rise in a published gold benchmark does not by itself establish a realised gain on a particular holding.