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The Determinants of Gold Prices in Malaysia
Malaysia gold price were derived from largest commodity exchange market at New York, Hong Kong and London. The bid and spot price between world gold trader will evaluate local gold index which then distribute to the wholesaler, miner and factory before reach to retail market in Malaysia.
Through time, gold price has its ups and down like any other investment instruments or commodities. It is impossible to deny that gold price is stable and has minimal fluctuation based on the volatility of economic and financial condition. In Malaysia, the awareness of people or investors has grown in the past few years. They started to realize the advantage of engage with gold trade. People will need to know the current gold price in order to take advantage on it where they can buy it at low price and sell it at high price later on.
Thus, this is why the factors that affect the gold price must be determined so that people may estimate the timing to buy, hold or sell the gold. This study is made to seek the proofs for the possible factors that affect the gold price in Malaysia. From this research, the most important or most influence factor can also be determined. Simply put, the findings for this research will bring benefit to individual, group as well as the government in analyzing the movement of the gold price.
Local gold price is mainly influenced by the exchange rate. As the ringgit drops further, the retail gold price will increase, this may encourage gold investors to increase their gold investment.
By hovering your mouse to the gold prices chart (on the top left hand side of website) you can also view the price of gold for specific days under 'Gold Price'. The rates displayed are subject to change without notice. For your convenience, the final price will be updated on the Product Page according to the product weight you've selected.