Gold has been a desirable asset for hundreds of years, and people who want to diversify their portfolios still choose to invest in it. If you want to invest in gold in Malaysia and buy gold bars, you can do so in a few different ways. Here are a few of the best places where can buy gold bars in Malaysia.
Shops for jewellery:
There are a lot of jewellery stores that sell gold bars in Malaysia, which might be a fantastic way to get lesser amounts of gold. Some of Malaysia’s best-known jewellery stores are Poh Kong, Tomei, and Wah Chan. Gold bars of varied sizes and weights are only one of the many gold products that these companies sell.
When buying gold bars from a jewellery store, it’s crucial to look for recognised items that have a hallmark or proof of authenticity. This makes sure that you are buying real gold that meets the standards for purity. Also, be ready to pay more than the spot price of gold, as this is normal when buying gold in person.
Banks:
Some Malaysian banks, like Maybank and Public Bank, have gold investment accounts that let you buy gold bars and store them at the bank. If you already have a bank account, this can be an easy way to acquire gold because you can just transfer money from your account.
When buying gold from a bank, it’s crucial to understand how the gold investment account works. For instance, some banks may charge you a fee to store your gold or require a minimum amount to invest. Also, be ready to pay more than the spot price of gold, as this is normal when buying gold in person.
Gold dealers:
There are also a number of gold dealers in Malaysia who sell gold bars and other precious metals. My Bullion Trade, Silver Bullion Sdn Bhd, and GoldSilver Central are all well-known gold traders. These shops sell a wide range of gold items, including gold bars of varying sizes and weights.
When buying gold from a dealer, it’s crucial to conduct your research and make sure you’re buying from a reliable vendor. Look for vendors who have a strong name in the business and sell verified gold bars. Also, be ready to pay more than the spot price of gold, as this is normal when buying gold in person.
Online retailers:
If you’d rather buy gold bars online, you may do so at sites like BullionStar.com and GoldSilver.com. These stores sell a wide selection of gold items, including gold bars of varying sizes and weights.
When you purchase gold online, you should do your research and make sure you are buying from a trustworthy source. Look for stores that have a strong name in the business and sell certified gold bars. Also, be ready to pay more than the spot price of gold, as this is normal when buying gold in person.
Investing in gold in Malaysia can be an excellent strategy to diversify your portfolio and protect yourself from inflation, but before you make any investment decisions, you should carefully think about your investment goals and dangers.
About Limra Assets
Limra Assets is a Shariah-compliant financing solutions financier that provides loans for property financing, SME businesses loans and gold investment. We offer a range of financing options to help individuals and businesses, including alternative financing for businesses that are unable to obtain funds. Our goal is to provide access to funds for investments in a Shariah-compliant manner that focuses on transparency, customer service, and competitive rates, Limra Assets can be a valuable partner in your gold investment journey.
If you’re interested in learning more about Limra Assets and our Shariah-compliant financing solutions for property purchases, gold purchases or business loans, please contact us for more information.
Disclaimer:
It is important to note that taking out a loans for any purchases and gold investment, whether through Limra Assets or any other lender, carries risks and should be approached with caution. It is important to carefully consider your financial situation and investment goals before taking out a loans, and to ensure that you fully understand the terms and conditions. Additionally, investing in gold carries its own risks and should be done with the guidance of a financial professional. This information and all external links are provided for educational purposes only and should not be considered financial advice.