Malaysia · MYR · August 2026
Gold Price in Malaysia — August 2026
In August 2026, the gold price in Malaysia closed at approximately RM18,246 per troy ounce, equivalent to RM6,842 per tola or RM587 per gram. This represents a +10.56% change on the month (RM16,502 open → RM18,246 close).
Open
RM16,502
per troy ounce
Close
RM18,246
per troy ounce
High
RM19,166
per troy ounce
Low
RM16,502
per troy ounce
All unit prices at August 2026 close — Malaysia
| Unit | Weight | Closing MYR price |
|---|---|---|
| Troy ounce | 31.1035 g | RM18,246 |
| Gram | 1.0000 g | RM587 |
| 10 grams | 10 g | RM5,866 |
| Kilogram | 1,000 g | RM586,619 |
| Tola | 11.664 g | RM6,842 |
Karat-purity breakdown at August 2026 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KMALAYSIA STD | RM586 | RM6,835 |
| 22K | RM537 | RM6,268 |
| 21K | RM513 | RM5,987 |
| 18K | RM440 | RM5,132 |
| 14K | RM343 | RM4,003 |
| 10K | RM245 | RM2,853 |
Daily gold price in MYR — August 2026
The 2026 gold market: Gold's role in a multi-polar reserve system
2026 finds gold continuing as a structural reserve asset. Central banks remain net buyers. Gold's share of total global reserves has crossed 18 percent — the highest since the 1990s. The post-2022 monetary order, with gold playing a larger role alongside multiple reserve currencies, appears to be consolidating rather than reversing.
Key drivers in 2026
Multi-polar reserve system, central-bank accumulation continuing, AI-era productivity vs monetary expansion debate
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 — August 2026, Malaysia
RM16,502
$4,043.70/oz
RM16,649
$4,079.60/oz
RM16,649
$4,079.70/oz
RM16,757
$4,106.10/oz
RM17,474
$4,281.80/oz
RM17,565
$4,304.10/oz
RM17,843
$4,372.10/oz
RM17,725
$4,343.30/oz
RM17,757
$4,351.10/oz
RM17,969
$4,403.10/oz
RM18,103
$4,435.90/oz
RM18,113
$4,438.40/oz
RM18,142
$4,445.50/oz
RM17,947
$4,397.60/oz
RM17,865
$4,377.60/oz
RM17,903
$4,386.90/oz
RM18,074
$4,428.70/oz
RM18,103
$4,436.00/oz
RM18,474
$4,526.80/oz
RM18,532
$4,540.90/oz
RM18,904
$4,632.10/oz
RM18,791
$4,604.40/oz
RM18,877
$4,625.60/oz
RM19,111
$4,682.80/oz
RM19,166
$4,696.40/oz
RM19,062
$4,670.90/oz
RM18,950
$4,643.40/oz
RM18,880
$4,626.30/oz
RM18,187
$4,456.40/oz
RM18,232
$4,467.50/oz
RM18,246
$4,470.90/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 2026 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 August 2026 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 August 2026
What was the gold price in Malaysia in August 2026?
In August 2026, gold in Malaysia opened at RM16,502/oz and closed at RM18,246/oz — a move of +10.56% on the month. Per tola: ≈RM6,842; per gram: ≈RM587; per 10g: ≈RM5,866.
What was the 24K gold rate per tola in Malaysia in August 2026?
The 24K gold rate per tola in Malaysia at the August 2026 close was approximately RM6,842, derived from international XAU/USD spot of $4,470.90/oz times the 2026-end MYR/USD exchange rate of 4.081. 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 August 2026?
Malaysia's most-quoted retail standard is 24K per gram. At the August 2026 close, that worked out to approximately RM586 (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 August 2026 (sourced from gold-api.com), multiplied by the 2026-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 2026-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 2026 archive or the USD-only August 2026 page with the country-by-country list at the bottom.
Other markets? Compare August 2026 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 2026-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.