Malaysia · MYR · November 2022
Gold Price in Malaysia — November 2022
In November 2022, the gold price in Malaysia closed at approximately RM7,728 per troy ounce, equivalent to RM2,898 per tola or RM248 per gram. This represents a +1.65% change on the month (RM7,602 open → RM7,728 close).
Open
RM7,602
per troy ounce
Close
RM7,728
per troy ounce
High
RM7,823
per troy ounce
Low
RM7,178
per troy ounce
All unit prices at November 2022 close — Malaysia
| Unit | Weight | Closing MYR price |
|---|---|---|
| Troy ounce | 31.1035 g | RM7,728 |
| Gram | 1.0000 g | RM248 |
| 10 grams | 10 g | RM2,485 |
| Kilogram | 1,000 g | RM248,452 |
| Tola | 11.664 g | RM2,898 |
Karat-purity breakdown at November 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KMALAYSIA STD | RM248 | RM2,895 |
| 22K | RM228 | RM2,655 |
| 21K | RM217 | RM2,536 |
| 18K | RM186 | RM2,173 |
| 14K | RM145 | RM1,695 |
| 10K | RM104 | RM1,208 |
Daily gold price in MYR — November 2022
November 2022 gold market: Soft inflation print sparks a sharp rebound
BullishA violent rebound on the first sign of cooling inflation.
Gold rallied strongly in November, climbing back toward $1,800 after a softer-than-expected US inflation report on November 10 sent the dollar tumbling and revived hopes that the Fed would slow its hikes. It was gold's best month of the year.
What drove gold in November 2022
- softer US CPI (Nov 10)
- dollar pullback
- Fed slowdown hopes
- renewed central-bank gold buying
Key events in November 2022
- Nov 10Cooler US inflation print; dollar drops, gold jumps
What happened next
The rebound carried gold into a quietly strong 2023, fuelled by record central-bank buying.
For gold buyers in Malaysia
November's reversal showed how violently gold can snap back once the market smells a Fed pause — rewarding buyers of the September–October lows.
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Malaysia gold market
Malaysia's retail gold market quotes per gram and is concentrated in Kuala Lumpur, Penang and Johor Bahru. Public Gold and Public Bank both offer accumulation accounts that have grown in popularity. The country exempts investment-grade gold from SST (Sales and Service Tax).
Standard quote unit
gram
Common purity
24K
Currency
MYR (RM)
Daily gold price — November 2022, Malaysia
RM7,602
$1,725.07/oz
RM7,270
$1,649.60/oz
RM7,178
$1,628.80/oz
RM7,379
$1,674.40/oz
RM7,412
$1,681.95/oz
RM7,399
$1,679.00/oz
RM7,398
$1,678.70/oz
RM7,559
$1,715.30/oz
RM7,689
$1,744.80/oz
RM7,754
$1,759.40/oz
RM7,823
$1,775.09/oz
RM7,796
$1,768.90/oz
RM7,807
$1,771.40/oz
RM7,814
$1,773.00/oz
RM7,750
$1,758.60/oz
RM7,719
$1,751.60/oz
RM7,726
$1,753.07/oz
RM7,670
$1,740.40/oz
RM7,681
$1,743.00/oz
RM7,669
$1,740.20/oz
RM7,736
$1,755.40/oz
RM7,721
$1,751.90/oz
RM7,773
$1,763.78/oz
RM7,697
$1,746.60/oz
RM7,724
$1,752.70/oz
RM7,728
$1,753.50/oz
How Malaysia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The MYR/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every MYR figure on this page is computed as XAU/USD price × MYR/USD rate. We use the year-end exchange rate consistently across all November 2022 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Malaysia, add the country-specific levies described in the “Malaysiagold market” section above.
FAQ — Malaysia gold price in November 2022
What was the gold price in Malaysia in November 2022?
In November 2022, gold in Malaysia opened at RM7,602/oz and closed at RM7,728/oz — a move of +1.65% on the month. Per tola: ≈RM2,898; per gram: ≈RM248; per 10g: ≈RM2,485.
What was the 24K gold rate per tola in Malaysia in November 2022?
The 24K gold rate per tola in Malaysia at the November 2022 close was approximately RM2,898, derived from international XAU/USD spot of $1,753.50/oz times the 2022-end MYR/USD exchange rate of 4.407. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Malaysia in November 2022?
Malaysia's most-quoted retail standard is 24K per gram. At the November 2022 close, that worked out to approximately RM248 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
MYR prices on this page are computed from the verified international XAU/USD spot price for November 2022 (sourced from gold-api.com), multiplied by the 2022-end MYR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The RM figures here represent the international gold spot price converted to MYR at the 2022-end exchange rate. Malaysia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Malaysia? See live gold prices in Malaysia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only November 2022 page with the country-by-country list at the bottom.
Other markets? Compare November 2022 prices across other major gold-trading countries: Indonesia, Singapore, Thailand, Philippines, Vietnam, Brunei.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to MYR at the 2022-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Malaysia before transacting.