Gold rate today in Penang
Live gold prices for Penang, Malaysia, from the international gold price.
Live · updated 31 Oct 2026, 01:13 UTC+8 · gold $3,890.06/oz · 1 USD = 4.0596 MYR
Gold rate today in Penang
| Purity | 1 gram | 10 grams | 1 ounce |
|---|---|---|---|
| 999 (24K) | RM507.21 | RM5,072.14 | RM15,776.13 |
| 916 (22K) | RM465.07 | RM4,650.73 | RM14,465.40 |
| 750 (18K) | RM380.79 | RM3,807.92 | RM11,843.94 |
What you pay in Penang with SST
| Purity, 1 gram | Gold value | SST 0% | Total before making charges |
|---|---|---|---|
| 999 (24K) jewellery | RM507.21 | none | RM507.21 |
| 916 (22K) jewellery | RM465.07 | none | RM465.07 |
| 750 (18K) jewellery | RM380.79 | none | RM380.79 |
| 999 (24K) bar or coin | RM507.21 | none (exempt) | RM507.21 |
Taxes and duties on gold in Malaysia
- Gold jewellery and gold bars are not subject to SST (sales and service tax), so there is no tax on top of the gold value and the workmanship charge (upah).
- Import duty on minted gold bars (999.9) is 0% from 1 November 2026; it was 10% before that date.
Prices use the international (spot) gold price and today's exchange rate. Jewellers add making charges and their own premium, and local association rates can differ slightly. Tax rules checked October 2026.
Gold rate in cities of Malaysia
Questions about gold in Penang
What is the 22K gold rate in Penang today?
Based on the live gold price at 31 Oct 2026, 01:13 UTC+8, 22K gold in Penang is about RM465.07 per gram, before making charges.
What is the 24K gold rate in Penang today?
24K gold is about RM507.21 per gram and RM507.21 per gram.
What taxes apply to gold in Penang?
Gold jewellery and gold bars are not subject to SST (sales and service tax), so there is no tax on top of the gold value and the workmanship charge (upah). Import duty on minted gold bars (999.9) is 0% from 1 November 2026; it was 10% before that date.
Why is the jeweller's price different?
Jewellers add making charges for the design and work, and their own premium, and local association rates can differ a little from the international price. Use these figures to check that a quote is fair.
Gold price in other countries
