Malaysia · Gold Price

Penang

Name: Gold Spot Price
Brand: Gold
Price: 4127.8 USD
Availability: InStock

Public Gold 24K

RM588

per Gram

Source: Public Gold · updated about 3 hours ago 2026-10-06T00:04:22Z

+8.4% above world spot World spot reference: RM543 per Gram

Lebuh Campbell & Pitt Street · at a glance

Penang's gold trade lives in George Town's UNESCO-listed core — Lebuh Campbell, Pitt Street, and the Indian quarter around Little India. Family-run goldsmiths here have multi-generation ties; Peranakan (Straits Chinese) heritage designs are a Penang speciality.

Typical purchase

916 (22K) Peranakan kerosang/pendants, 999 bars, modern 18K.

Typical making charge

Bullion 1–3%; Peranakan handcraft 25–50%.

Price by purity · Penang

per Gram (MYR)

24K

RM543

999.9 / pure

22K

RM498

916

18K

RM407

750

14K

RM317

585

Best season to buy in Penang

Chinese New Year Hari Raya Deepavali

Off-season: Monsoon (Sep–Nov) sees lower tourist gold purchases.

Dealer prices · Penang

live retail

Brand / Type	Type	Buy (MYR)/Gram	Sell (MYR)/Gram	Change
Public Gold Gold Bar 24K	Gold Bar 24K (24K)	588	588	0

Brand / Type

Buy (MYR)/Gram

Sell (MYR)/Gram

Public Gold

Gold Bar 24K

588

Prices in MYR per Gram. Source: domestic gold dealers.

Updated about 3 hours ago

Gold Price Chart

MYR/g

24H 7D 30D 1Y 5Y 10Y 20Y

Public Gold premium over world spot

Last 90 days · % above international spot rate

+8.24%

today

Low: +7.6% High: +9.8%

Nearby cities · Malaysia

Kuala Lumpur

Johor Bahru

Frequently asked · Penang

How much is 10 grams of 22K gold in Penang today?

At today's Public Gold Malaysia rate, 10 g of 22K gold in Penang costs approximately RM4,976 before making charges. Add Bullion 1–3%; Peranakan handcraft 25–50%. for jewellery to estimate the final shop price.

What is the typical making charge in Penang?

Jewellers in Penang typically charge Bullion 1–3%; Peranakan handcraft 25–50%. on top of the bullion rate for jewellery work. Investment bars and coins carry a much smaller premium (~1–4%). Always ask for the making charge percentage and the buyback rate before purchasing.

When is the best time to buy gold in Penang?

Monsoon (Sep–Nov) sees lower tourist gold purchases. Festival periods (Chinese New Year, Hari Raya) and wedding seasons typically push prices up due to demand.

Penang

Gold Price Chart

Public Gold premium over world spot

Gold Price in Cities of Malaysia

See also

Gold in Other Currencies

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