MoneyUpdated 9 Sep 2026, 05:46 · indicative reference · MYR
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Detailed platinum rates in Malaysia
| Purity | 1 g | 8 g | 10 g | 100 g |
|---|---|---|---|---|
| PT999 | RM 241.17 | RM 1,929.37 | RM 2,411.72 | RM 24,117.17 |
| PT950 | RM 229.11 | RM 1,832.90 | RM 2,291.13 | RM 22,911.31 |
Figures are the metal value only — jeweller making charges are added on top.
Platinum rate in Malaysia — local context
Malaysia has strong gold-jewellery and investment demand; investment-grade gold is exempt from sales tax. Prices follow the international market in ringgit.
The figures above are the international platinum price converted to MYR at today’s exchange rate. They do not include local import duty, VAT or GST, so the price at a jeweller in Malaysia is typically higher — by a few percent in the low-tax Gulf markets, and by 10–20% in markets with a heavy duty such as Nepal, Bangladesh or Pakistan.
Frequently asked questions
What is the platinum price in Malaysia today?
As of 9 Sep 2026, the indicative 24K gold rate in Malaysia is about RM 241.17 per gram and RM 2,411.72 per 10 grams; 22K is about RM 2,209.14 per 10 grams. Rates update through the day and exclude jeweller making charges.
Is Malaysia platinum cheaper than in India?
Usually yes for the metal itself — Malaysia prices exclude India’s import duty and 3% GST, so bars and coins are a few percent cheaper. Bringing gold into India above the customs allowance attracts duty, so the saving narrows once you account for that.
What will platinum prices be tomorrow?
No one can reliably predict the next day’s platinum price. It moves with the international platinum price, the US dollar and safe-haven demand. This page updates through the day.