Gold prices in Malaysia inched higher today, with the price per gram rising 0.02% to RM559.61 and per kilogram reaching RM559,605.19. The daily gain comes amid continued strength in global gold markets, driven by investor demand for safe-haven assets.
Over the past year, gold in Malaysia has surged 51.2%, reflecting broader global trends. In comparison, gold prices have risen 60.3% in the US, 51.5% in Australia, 55.9% in Canada, 40.8% in Switzerland, 55.5% in China, 43.1% in the Eurozone, 52.7% in the UK, 66.0% in India, and 57.5% in Japan.
The recent uptick in Malaysia follows a six-month gain of 27.3%, while silver also recorded positive movement, rising 0.79% to RM7.78 per gram. The global climb in precious metals has been supported by heightened economic uncertainties, currency fluctuations, and inflation concerns, prompting investors to turn to gold as a hedge.
Kepong-based traders highlighted that local demand remains strong for both investment and jewellery purposes, with retail interest often mirrored by international pricing trends. As of early trading in New York, global gold prices continue to trend upward, sustaining a positive outlook for Malaysian investors.
