By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Today’s Malaysia Gold Price: Gold Stabilizes, as per FXStreet Data
Share
Notification Show More
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > Today’s Malaysia Gold Price: Gold Stabilizes, as per FXStreet Data
Forex

Today’s Malaysia Gold Price: Gold Stabilizes, as per FXStreet Data

News Room
Last updated: 2024/09/22 at 10:29 PM
News Room
Share
3 Min Read
SHARE

Gold prices in Malaysia remained stable on Sunday, with the price for Gold standing at 354.36 Malaysian Ringgits (MYR) per gram, which was similar to the price on the previous day. The price for Gold per tola also remained largely unchanged at MYR 4,133.22. FXStreet calculates these prices by adapting international prices to the local currency and measurement units, with daily updates based on market rates at the time of publication.

Gold has a long history of being used as a store of value and medium of exchange, making it a key asset in human history. Apart from its use in jewelry, Gold is also considered a safe-haven asset, making it a popular investment choice during turbulent times. Central banks are among the biggest holders of Gold, as they use it to support their currencies and improve the strength of their economy. In 2022, central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves, marking the highest yearly purchase on record.

Gold has an inverse correlation with the US Dollar and US Treasuries, as well as risk assets. When the Dollar depreciates, Gold tends to rise, providing investors and central banks with a way to diversify their assets during uncertain times. The price of Gold can be influenced by various factors, including geopolitical instability, fears of recession, and changes in interest rates. The price of Gold is also closely tied to the performance of the US Dollar, as the asset is priced in dollars.

Overall, Gold remains a popular choice for investors looking to hedge against inflation, depreciating currencies, and market volatility. Despite its lack of yield, Gold is often seen as a stable investment option during times of economic uncertainty. The price of Gold in Malaysia may fluctuate slightly from international prices due to local market conditions. However, Gold continues to be a valuable asset for diversifying investment portfolios and protecting against financial risks. As central banks around the world continue to increase their Gold reserves, the precious metal’s role as a safe-haven asset is likely to remain strong in the future.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room September 22, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Qatar attends Joint Arab-Islamic Ministerial Committee Preparatory Meeting on Gaza developments
Next Article Fireworks light up the skies of Saudi Arabia in celebration of the 94th National Day
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?