Malaysia gold price benchmarks eased on Thursday, 29 October MYT, with the one-ounce Kijang Emas selling quote falling RM137 to RM17,510. Its buying quote declined RM123 to RM16,816, leaving a RM694 difference between purchase and resale prices.
Bank Negara Malaysia's daily table records the new levels after Wednesday's RM17,647 selling and RM16,939 buying quotations. Thursday's selling decline is approximately 0.78%, calculated from those observations.
Maybank's counter rates, effective at 10:30 AM MYT, independently show the same coin prices. The bank cautions that displayed rates are indicative and can change without prior notice.
Malaysia Gold Price Retreats After Wednesday's Jump
The one-ounce quote gives back part of Wednesday's RM259 increase. BullBuzz's previous gold update recorded that move and a RM708 spread. Thursday's gap narrows by RM14, to about 3.96% of the selling price.
For a holder considering a sale, the relevant published figure is the RM16,816 buying quote. The RM17,510 selling price describes the opposite side of the transaction. A lower purchase quotation therefore does not establish the proceeds available from selling an existing coin.
- One ounce: RM17,510 selling and RM16,816 buying; RM694 spread.
- Half ounce: RM8,920 selling and RM8,408 buying; RM512 spread.
- Quarter ounce: RM4,543 selling and RM4,204 buying; RM339 spread.
The smaller coins have lower absolute ringgit spreads, but contain less gold. Relative to their selling quotations, the gaps are approximately 5.74% for the half-ounce coin and 7.46% for the quarter-ounce coin. Those calculations make the different purchase sizes easier to compare.
What the Coin Quotation Covers
The official Kijang Emas specifications identify the one-ounce product as 99.99% pure gold weighing 31.105 grams. The coin's RM200 face value is separate from its bullion trading price.
BNM says purchase and resale prices are determined by prevailing international gold-market prices, and identifies Maybank as the distributor. The daily table records a local bullion quotation; it does not isolate the contribution of any single international price move or exchange-rate change.
Gold Accounts Carry Different Spreads
Maybank's Gold Investment Account showed RM541.66 per gram selling and RM520.64 buying at 10:30 AM MYT. The calculated difference was RM21.02 per gram, compared with RM21.44 in Wednesday's snapshot.
The bank separately listed Maybank Islamic Gold Account-i rates at 9:10:13 AM MYT. For 100 grams and above, the selling and buying quotations were RM556.10 and RM526.05 per gram. Below 100 grams, they were RM556.60 and RM525.55.
Those tiers produce spreads of RM30.05 and RM31.05 per gram respectively. They belong to a different account product and timestamp. Combining the cheapest selling quote from one product with another product's buying quote would not describe a transaction available on either board.
Dealer Rates Provide a Separate Snapshot
GB Gold's price page, updated at 11:45 AM MYT, quoted 999.9 gold at RM567 per gram for customer purchases and RM527.31 for customer sales. The difference was RM39.69 per gram.
The dealer says this buyback quotation applies to its own bars and dinar, alongside Gold Bullion Storage holdings. Other brands have separate purity-based rates. A quote for a dealer's own product should not be treated as a universal offer for all gold jewellery or bullion.
What Buyers Should Check Next
Despite Thursday's decline, the one-ounce selling quote remains RM224 above Monday's RM17,286. BullBuzz's Tuesday price comparison supplies the intervening daily benchmark.
The next useful comparison is a fresh two-sided quotation for the exact product, weight and provider. Buyers also need the applicable fees, delivery terms and resale conditions before comparing the final cost with a published board price.
Photo: Bank Negara Malaysia. Official one-ounce Kijang Emas product image, used to illustrate the bullion coin.