How to start Gold Investment in Malaysia

Updated: June 27, 2017 / Home » English Article

Basically, gold investment is divided into two main types, physical gold and paper gold.

Physical gold (Real Gold) investment means that investor buy real gold bullion, gold bar or gold coins (Gold Dinar) from Jeweler shop or Gold Distributor.

Invest Gold

Source: publicgoldsarawak.com

Generally, most common and recognized gold bullion or gold bar includes:

  • PAMP Suisse gold bar
  • Public Gold (NOT related to Public Bank)
  • Poh Kong Bunga Raya Gold Bar
  • Kijang Emas Gold Bullion Coin
  • UOB’s Gold Coins

Paper Gold (Gold Investment Account) investment means investor no need to buy or keep the real gold bullion or gold bar, but just get a passbook like Saving Accounts.

Maybank GSPA

Currently, there are many local and overseas banks provide Gold Investment Account includes:

  • Maybank Gold Saving Passbook Account (GSPA)
  • Public Bank Gold Account (GIA)
  • CIMB Bank Gold Deposit Account (GDA)
  • UOB Premier Gold Account (PGA)
  • UOB Gold Savings Account (GSA)

Gold Account Camparison:

AccountCIMB BankMaybankPublic BankUOB
Min Initial Deposit1 grams1 grams5 grams20 grams
Min Subsequent
Transaction
1 gram &
multiple of 1 gram
in multiple of 1 gram1 grams &
multiple of 1 gram
Multiple of 5 grams
Min Balance1 gram1 gram2 grams10 grams
Cash WithdrawalYesYesYesYes
Physical Gold
withdrawal
YesNoNoYes
Charge on
Physical Withdrawal
based on the Bank’s prevailing gold BUYING price quoted in RM per grambased on the Bank’s prevailing gold BUYING price quoted in RM per grambased on the Bank’s prevailing gold BUYING price quoted in RM per gramDifferential between physical gold price and PGA/GSA price + processing fee
Annual FeesRM5 if year end balance <10 gramsUnknownRM10 if year end balance <10 gramsRM2 if month end balance <10 grams
Price Spread
per gram*
~ RM15 (8.25%)~ RM7.22 (4.07%)~RM6.80 (3.82%)~ RM4.10 (2.32%)
Selling Buying PricesCIMBMaybankPublic BankUOB
WebsiteCIMB Bank WebMaybank WebsitePublic Bank WebUOB Website
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2nd update: 4 June 2012
3rd update: 24 August 2012
4th update: 7 December 2013
5th update: 15 July 2015
6th update: 31 July 2015
7th update: 2 August 2016
8th update: 28 May 2017

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3 comments on “How to start Gold Investment in Malaysia

  1. Radzuan [ Reply ]

    PBB for withdrawal of physical gold from paper gold they stopped already since 2016.

    • MisterLeaf [ Reply ]

      Thanks you Radzuan. BTW, CIMB customer can withdraw physical gold at CIMB Kuala Lumpur Main Branch, 11 Jalan Raja Laut, 50350 Kuala Lumpur.

  2. Dear mister leaf , I’m a newbie of investing gold . Hope to hv some of ur expertise advice on paper gold investment . Is it good timing step to the field nw ? Which bank is better as all r come with a lot of fee charges except Kuwait finance house but I’m not so confident with this bank as not much seeing on Penang .

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