On September 27, APP – The Jewellers Association reported that today’s local 24-karat gold rate rose further. Simultaneously, international gold prices climbed on world markets.
In silver, domestic rates also edged up: the per-tola price increased by Rs 105, settling at Rs 4,032. Global silver quotations similarly went up, indicating stronger demand internationally.
📊 Market Context & Insight
For those in Malaysia, gold remains a popular safeguard against currency swings, inflation, and global volatility. Investors often diversify via physical gold jewelry, gold bars, Gold Investment Accounts (GIAs) offered by Maybank and CIMB, and Bursa Malaysia’s Gold Futures (FGLD). It’s advisable to strike a balance between tangible and paper gold based on your long-term objectives.
💡 What This Means for Malaysian Investors
Malaysia’s gold price movements are driven by factors like the Malaysian Ringgit’s strength, Bank Negara Malaysia’s policy decisions, inflation trends, and worldwide gold rates. Local buying patterns are further influenced by cultural customs, jewelry purchases, and investment interest among Malaysian consumers and enterprises.
🔗 Useful Resources
Note: This article was auto-fetched from trusted news sources. For educational purposes only. Please verify with official financial advisors or licensed institutions in Malaysia before making investment decisions.
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