Gold price in Malaysia: Rates on July 20
Extrait:Gold prices in Malaysia edged higher on Monday, with the price per gram rising to 529.13 Malaysian Ringgits from 528.55 on Friday, and per tola to MYR 6,171.72 from MYR 6,164.87, according to FXStreet data. The rates are calculated by adapting international USD/MYR prices to local units and are updated daily for reference, though local rates may vary slightly. Gold is widely regarded as a safe-haven asset and hedge against inflation, with central banks, particularly in emerging economies, increasing their reserves in recent years, adding 1,136 tonnes in 2022 alone.
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.
The price for Gold stood at 529.13 Malaysian Ringgits (MYR) per gram, up compared with the MYR 528.55 it cost on Friday.
The price for Gold increased to MYR 6,171.72 per tola from MYR 6,164.87 per tola on Friday.
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
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