If get from pawn shops, that'll be lelong liau lor.... very possible to get below spot

Established pawn shops will have all their pieces graded for purity.
If inside kosong (hollow), it'll definitely be lighter, but still is gold wat. FYI, many 916 jewellery r hollow

Buying without workmanship is not enough.
Hafta buy below spot price for 916.
For 999 jewellery, get below spot or at least at spot price

Gold Swings as Investors Weigh Tapering Prospects by Year-End

Gold swung between gains and losses amid concern that the U.S. Federal Reserve will slow the pace of its monthly bond purchases before the end of the year after leaving the stimulus program intact this month.

“It was a short-term blip,” said Steven Dooley, head of research at Forex Capital Trading Pty in Melbourne, referring to gold’s gains after the Fed’s decision last week. “The entire focus is on the fact the money-printing program is going to wind back soon, and that means gold’s going to drift lower.”

The Fed’s decision to maintain stimulus will help prices only in the short term, Citigroup Inc. and Morgan Stanley said this week. Bullion may drop below $1,250 before the end of the year as economic data strengthens and investors expect the Fed to start paring the asset purchases, according to Citigroup. Dudley’s comments yesterday were made in an interview with CNBC.

Now USD1322/oz, up a bit from yesterday

Gold flat on uncertainty over US budget talks, Fed

Gold was little changed on Wednesday, struggling to hold onto modest gains in the previous session as lack of clarity over the outlook for U.S. economic stimulus offsets a possible government shutdown in Washington.

"The markets don't really know where to go at the moment," Saxo Bank senior manager Ole Hansen said.

"If the budget talks continue to stall, that could obviously give a boost, but on the other side the focus on the tapering won't go at the moment as an October announcement won't make the Fed look good," he added.

When gold prices fell sharply in April and June, physical demand increased. But with continued volatility in prices and expectations of further declines, consumers in top markets China and India now are staying away, and premiums over London prices remained unchanged from last week's.

China, the second biggest gold consumer, is headed into a strong buying season, but market holidays next week for the National Day have kept things quiet, traders said.

May I know where to get and any recommendations? Tq

Now USD1333/oz

Gold futures trading to be available locally on Bursa Malaysia

Malaysians will be able to trade locally in gold futures contracts soon, after Bursa Malaysia received the necessary regulatory approval it required from the Securities Commission. This financial instrument will be available from Oct 7, 2013.

According to Bursa, the gold futures contracts (FGLD) to be offered are small sized contracts which will be traded in RM on the Bursa Malaysia Derivatives board, allowing local players a chance a exposure to the international gold price movements at lower transaction costs.

Brokers have anticipated that this soon to be introduced financial instrument will be a popular product among the Malaysian investing and trading public, with a broker at Hong Leong Investment saying that as the contracts are small in size, it will attract a wide range of the investing public who will be eager to gain exposure to gold futures trading which is picking up around the world. He added that with the contracts being traded in RM, participants will be less exposed or vulnerable to foreign currency fluctuations.

Each contract offered will be equivalent to 100 grams of gold bullion, which Bursa says makes it versatile and attractive to both the smaller retail player, and the industrial user who can trade in multiple lots if they want larger exposure. All contracts will be cash-settled, meaning that there will be no physical delivery of gold, with all contracts upon expiry being settled in cash, calculated using the London AM Fix price.

A broker with HDM Futures said that she believes that the product will be popular with retail investors and speculators. She added that having a local counter to trade in, allowed Malaysian investors to monitor gold prices throughout the day, where before they only could check twice a day; the broker said that this allowed investors to monitor their positions better during the trading day.

Gold futuresNonetheless she cautioned that investors should remember that international gold prices continue to be affected throughout the night, and is highly susceptible to both political and economic factors, especially during the trading day overseas.

This is also underlined by Bursa in its frequently asked questions about gold futures trading, in which it states that “the international gold price can move anywhere between US$10 per troy ounce to US$80 per troy ounce, within a single day...the ability to leverage magnifies the effect of a price change and may result in significant losses if the market moves against your FGLD positions.” Adding that, if this happens, “margin top-ups may also be required failing which your position could be liquidated.”

When referring to margin top-ups, the bourse is referencing the fact that unlike purchasing assets, wherein the full price is payable during purchase, for FGLD contracts, investors only need to pay a percentage of the total value of the contract, called an initial margin which is usually 5%-10% depending on the international gold price.

According to Bursa Malaysia, this allows greater exposure to gold at a fraction of the total value. However, this leverage will also be felt more strongly should there be a sharp fluctuation in gold prices.

As such said the HDM Futures broker, she hope the bourse will launch an education campaign to make investors both aware of the availability of the product, as well as of the risks attached to it, saying that she felt it was important for investors to have a comprehensive knowledge on how to trade in gold commodities.

Her point was reiterated by a broker with Inter-Pacific Securities, who said that while the product was attractive and fairly low risk, it was still important that investors understand that trading in commodities is a very different game from trading in equities. The broker added that investors must know when to cut their losses, minimise their risk and monitor the market; in order to ensure that they are able to service their positions and make gains in gold futures trading.

http://www.kinibiz.com/print/51109

Now USD1337/oz

Gold's gains fizzle as focus shifts to US debt ceiling

Gold was little changed on Thursday, holding steady above $1,330 an ounce as worries of a possible U.S. federal debt default and the chances of a government shutdown next week could boost the metal's safe-haven demand.

The U.S. Congress is struggling to pass a spending bill to keep the government funded beyond Oct. 1.

Gold has been quiet throughout the week. hopefully more movement next week

www.theedgemalaysia.com/business-news/256353-gold-down-81-sen-at-rm13280-per-gramme-at-5pm-.html

KUALA LUMPUR (Sept 27): The price of gold as at 5pm stood at RM132.80 per gramme, down 81 sen from RM133.61 at 5pm yesterday.

Gold Advances on Concern Budget Deadlock Will Lead to Shutdown

Gold gained in New York on concern a U.S. budget deadlock will shut down the government. Platinum rebounded from the lowest level since July.

“There could be some support from U.S. debt ceiling talks,” Jonathan Butler, a precious metals strategist at Mitsubishi Corp. International (Europe) Plc in London, wrote in a report today. “Tapering will not be far away from investors’ minds in the fourth quarter and could lead to further speculative selling.”

Up to around UDS1340/oz now.

I wish to sell one 1oz Canadian Maple Gold Leaf gold coin at market price. Where do I sell it other than to go back to Singapore OUB where I bought it 15 years ago?

This post has been edited by davinz18: Sep 27 2013, 08:54 PM

Got back in. 1325 is the line in the sand. It won't go down below 1300, then it must go up!
Staying long again.. I wanna see 1425-1450 this time.

Market price? Meaning at spot $1336... around RM4,300 ???

Or any reasonable offer

Gold holds gains

Gold prices ended up around one percent on Friday, driven up by a possible shutdown of US government operations next week and the threat of a debt default in the middle of October, as well as by the prospects for continued easy monetary policy from the Federal Reserve.

“Number one, people are worried about what’s going on with the potential government shutdown and looking to gold for a safe asset,” said New York Donald Selkin, chief market strategist at National Securities Corp. in New York.

“And second,” he said, “The comments from Fed President Evans, when he said ‘No tapering,’ which means the dollar could weaken and gold would go up because there’s more money floating around.”