This is the difference between a bank s selling price and buying price for a gold investment account.
Buy gold from bank malaysia.
A large variety of gold coins are made available for investments.
Selling price bank sell gold to us buying price bank buy gold from us.
The reverse features the hibiscus the national flower of malaysia.
There are several gold dealers around malaysia so the location of those dealers will influence your decision if you plan on buying gold in person.
Selling rate is the price that you need to pay when you buy gold from the bank.
Deciding where to buy gold.
These gold coins are available in different sizes ranging from 1 20 oz to 100gm.
The kijang emas can be purchased individually or as a set at 30 selected maybank branches.
Physical gold gold coins gold bullions gold jewellery.
Using real physical gold or unallocated i e.
Banks like cimb bank public bank uob maybank kuwait finance house all offer a gold investment account.
Common fees charges.
Coins may be more attractive but all that manufacturing and packaging comes at a price.
Since different bank have different selling and buying price that s why the price spread per gram is different between all bank.
Gold bars on the other hand are the backbone of the industry what everyone from average investors to central banks buy and store.
How to buy and sell.
If you re looking to buy physical gold at the lowest possible price per gram there s no better choice than gold bars.
With most of these accounts you can get started with as little as owning a single gram of gold.
Call or whatsapp our hotline at 6017 228 3278 for free expert consultation.
Buy sell spread refers to the price difference between the buying and selling rates of a same quantity of gold at a point in time.
The kijang emas is priced at the daily gold market share.
How to buy gold in malaysia.
These investment accounts allow you to purchase and sell gold at the bank s set price without having any gold in its physical form factor.
The bank will make sure that you get the same result as if you had real gold.
Buying rate is the price that the bank accepts when you sell the gold back to the bank.
The price is quoted daily and pegged to the international gold price to facilitate buying and selling.
Say a bank sells gold commodity at rm140 and buys it back at rm130 the buy sell spread is rm140 rm130 rm10.
There are several options to consider when choosing where to buy gold so make sure to consider the following factors before deciding where to buy.
Trusted physical gold and silver source with secure and insured shipping in malaysia we are the best place to buy bullion online.
The gold coins can be bought sold from to us at the our s daily buy sell market prices.
Generally the smaller the buy sell spread the better for investors.
