Gold price chart and history in Penang
The price history loads with scripting on. Today’s rates are in the table above.
- Change over 1 year
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Gold rate in Penang: yesterday and the last 10 days
Local board rate per gram, in MYR, before tax.
| Date | 24K per gram | Change |
|---|---|---|
| RM 546 | −RM 1 | |
| RM 547 | −RM 3 | |
| RM 550 | +RM 23 | |
| RM 527 | −RM 4 | |
| RM 531 | +RM 7 | |
| RM 524 | +RM 4 | |
| RM 520 | No change | |
| RM 520 | −RM 15 | |
| RM 535 | −RM 9 | |
| RM 544 |
Gold price in Penang, month by month
24K per gram, in MYR. Change is from the month’s first rate to its last.
| Month | Opened | Closed | Change |
|---|---|---|---|
| Nov 2026 | RM 520 | RM 546 | +5.0% |
| Oct 2026 | RM 567.97 | RM 520 | -8.4% |
| Sept 2026 | RM 587.91 | RM 565.45 | -3.8% |
| Aug 2026 | RM 554.16 | RM 597.42 | +7.8% |
| Jul 2026 | RM 552.31 | RM 553.42 | +0.2% |
| Jun 2026 | RM 590.99 | RM 545.66 | -7.7% |
| May 2026 | RM 609.91 | RM 604.42 | -0.9% |
| Apr 2026 | RM 641.13 | RM 607.95 | -5.2% |
| Mar 2026 | RM 683.68 | RM 622.47 | -9.0% |
| Feb 2026 | RM 606.66 | RM 674.30 | +11.1% |
| Jan 2026 | RM 580.74 | RM 616.45 | +6.1% |
| Dec 2025 | RM 584.35 | RM 581.20 | -0.5% |
From bar to bangle
How a fine gold bar becomes a 20 g 22K gold bangle, and what each step adds to the bill.
Fine bar
It starts as 18.32 g of 24K gold, 999 fine. Pure gold is too soft to wear.
Melt and alloy
Melted at 1,064 °C with 1.68 g of copper and silver: 20 g of 22K gold, hard enough to hold a shape.
Draw the wire
Poured into a steel mould to cast a rod, then pulled through smaller and smaller dies into wire. The making charge starts here.
Shape
Cut, bent round a mandrel and soldered shut into a bangle.
Decorate
Granules, engraving and set stones, by hand. Stones are billed on top of the metal.
Polish and hallmark
Polished, assayed and stamped 22K916 inside the band. In India the stamp adds the BIS mark and a six-character HUID.
- Gold, 18.32 g fine
- RM 10,002.72
- Making charge, 10%
- RM 1,000.27
- Tax on gold
- None
- Your 20 g bangle
- RM 11,002.99
Jewellery price calculator for Penang
- Metal value
- Making charge
- Tax
You should pay about
- You put in
- Worth today
- Return a year
The same yearly return for the years ahead would give a projection here.
Where the numbers come from
- Source
- Every rate here is compiled by goldratetodayin.com and refreshed at 12 am, 6 am and 6 pm India time, and checked every 15 minutes through the morning, when the day’s rates are published, so a change shows within minutes.
- Indian rates
- Gold city by city, at 24K, 22K and 18K as each city’s market quotes it; silver and platinum at one rate for the whole country. All in rupees, before GST and making charges. 14K gold and the lower grades of silver and platinum are worked out from the fine rate.
- Other countries
- Gold at the local board rate, by city where one is published and by country where not. Where there is no board rate, and for silver and platinum, international prices converted to your currency at mid-market exchange rates. All before local tax.
- History
- Ten years, day by day. Where a place’s own published rates begin later than that, the earlier line follows international prices, scaled to meet them.
Gold rate in Penang: frequently asked questions
- What is the gold rate today in Penang?
- On 7 Nov 2026, 24K (999) gold in Penang is RM 546 a gram; 22K (916) RM 514 and 18K (750) RM 420.50, down RM 1 a gram since yesterday. That is RM 5,460 for 10 grams of 24K gold, before tax and making charges.
- What is the 24 carat gold rate today in Penang?
- On 7 Nov 2026, 24 carat (24K) gold in Penang is RM 546 for 1 gram and RM 5,460 for 10 grams.
- What is the 22 carat gold rate today in Penang?
- On 7 Nov 2026, 22 carat (22K) gold in Penang is RM 514 for 1 gram and RM 5,140 for 10 grams.
- What is the 18 carat gold rate today in Penang?
- On 7 Nov 2026, 18 carat (18K) gold in Penang is RM 420.50 for 1 gram and RM 4,205 for 10 grams.
- What was the gold rate in Penang yesterday?
- On 6 Nov 2026, 24K gold in Penang was RM 547 a gram. Today it is RM 546, down RM 1 a gram.
- How much does 10 grams of 22K gold jewellery cost in Penang?
- At RM 514 a gram, 10 grams of 22K gold is RM 5,140. A 10% making charge adds RM 514, for about RM 5,654. Making charges vary by jeweller and design; the calculator on this page works out any bill.
- What is the difference between 22K and 24K gold?
- 24K gold is 99.9% pure (999) and is sold as coins and bars. 22K is 91.6% pure (916), the usual purity for jewellery, and costs about 8% less a gram.
- Why is the gold price falling today in Penang?
- It has decreased by RM 1 a gram (0.18%) since yesterday, to RM 546. The gold rate in Penang follows the international gold price, converted at the MYR exchange rate. That price moves with interest rates, the US dollar and central banks’ buying.
- How much has the gold price in Penang changed in a year?
- Gold is down 1.6% over the last twelve months. The price history graph on this page goes back ten years.
- What will the gold rate in Penang be tomorrow? Will it increase or decrease?
- No one can know it in advance: tomorrow's rate follows international prices and the exchange rate overnight. Over the last 10 rates, since 29 Oct 2026, it has risen 0.4%. This page shows the new rate as soon as it is set, and the last ten days and the chart show which way it has been moving.
- Do these gold rates include tax?
- They are before any local tax and the jeweller's making charge. The calculator on this page adds a making charge.
- How often is the gold rate in Penang updated?
- At midnight, 6 am and 6 pm India time, and every 15 minutes through the morning while the day’s rates are published, so a change shows within minutes. The date in the page title is the day the rates are for.