As per morning price, it looks like UOB has the lowest spread:

Bank	BUY	SELL	Spread
UOB	242.00	237.90	4.10
MBB	245.23	235.79	9.44
CIMB (Clicks)	241.50	235.90	5.60

As of time of posting, HG has a spread of close to RM 14/gramme.

This post has been edited by GrumpyNooby: Dec 11 2020, 11:06 AM

Dont do offline if possible unless you sure the gold price will have big surge within next few months. Ya look for lowest spread for cheapest cost but it is only one of the factor for you to select where to invest.

RM 14/g..... if did not check properly, sure cry.

If buy with promo code, the spread is nothing.

How to get promo code? CIMB got?

i think only HG, it can pay by e-wallet.

Last time i use grap pay promo code, buy RM 65 (2 times) gold only pay RM 45 (2 times).

Then immediately sold all and get RM 123. Earn RM 33

Wah no bad idea. Thanks for info.

Gold set for third straight weekly gain on US stimulus hopes

BENGALURU (Dec 18): Gold eased on Friday, but was on track to post its third consecutive weekly gain on growing expectations for additional stimulus measures in the United States.

Spot gold fell 0.2% to $1,881.65 per ounce by 0107 GMT, but was up 2.3% so far this week. U.S. gold futures dipped 0.1% to $1,887.90.

U.S. Congressional Republicans and Democrats scrambled to pass a new round of coronavirus aid on Thursday with lawmakers from both parties saying that failure to agree was no longer an option.

https://www.theedgemarkets.com/article/gold...-stimulus-hopes

Invest from as little as 1 gram of gold and stand to win up to 10 grams!



Campaign period: 15 December 2020 - 15 April 2021.



T&C link: https://www.cimb.com.my/content/dam/cimb/pe...win-tnc-eng.pdf
Campaign link: https://www.cimb.com.my/en/personal/promoti...7:home_a8:popup

which bank provides the best spread?

UOB:

Bank	BUY	SELL	Spread
UOB	242.00	237.90	4.10
MBB	245.23	235.79	9.44
CIMB (Clicks)	241.50	235.90	5.60

*Old data as per last week

This post has been edited by GrumpyNooby: Dec 21 2020, 12:22 PM

Appreciate it,thanks!

Gold gains 1% as Trump signs pandemic aid bill

BENGALURU (Dec 28): Gold prices jumped 1% on Monday as investors cheered news that US President Donald Trump signed into law a long-awaited pandemic aid bill, with a weaker dollar lending further support.

Spot gold was up 1% at US$1,894.44 per ounce by 0344 GMT, after hitting a one-week high of US$1,900.04 earlier in the day. US gold futures gained 0.9% to US$1,899.10.

https://www.theedgemarkets.com/article/gold...ndemic-aid-bill

Gold begins 2021 with more 2% jump

NEW YORK: Gold prices rose more than 2% on Monday to their highest level in nearly two months, bolstered by the dollar's slide ahead of runoff elections for both U.S. Senate seats from Georgia.

Spot gold was up 2.4% at US$1,943.13 an ounce by 2 p.m. EST (1900 GMT).

The session high of $1,944.11 was its highest mark since Nov. 9. U.S. gold futures settled up 2.7% at $1,946.60.

https://www.thestar.com.my/business/busines...ith-more-2-jump

Gold heads for sixth weekly gain on stimulus outlook, Fed speak

(Jan 8): Gold headed for a sixth weekly advance, the longest run since August, as investors focused on the prospect for more stimulus. They will also be watching for Friday’s jobs report, which is forecast to show a sharp slowdown in hiring.

The two Democratic wins in Georgia’s Senate runoffs this week give President-elect Joe Biden full control of Congress, potentially paving the way for him to push his legislative agenda forward. While campaigning in the state, he vowed that US$2,000 stimulus checks would be sent out “immediately” if his party won.

Federal Reserve Bank of Cleveland President Loretta Mester said she didn’t believe ramped up fiscal stimulus under Biden would pave the way for a pull-back on monetary policy this year. Other central bank officials such as Chicago President Charles Evans and Atlanta’s Raphael Bostic have said they might support reducing the pace of the Fed’s ongoing asset purchases before the end of 2021 if the economy bounces back strongly enough.

https://www.theedgemarkets.com/article/gold...tlook-fed-speak

Gold extends biggest loss in two months on rising dollar, yields

(Jan 11): Gold fell to extend the biggest drop in two months amid gains in the dollar, Treasury yields, and equities, with investors weighing President-elect Joe Biden’s pledge to detail plans for huge U.S. economic aid.

Bullion endured a switchback week as January got under way, with early gains getting overturned as a surge in Treasury yields damped the appeal of the non-interest bearing asset. That’s come as the dollar recovered from its lowest level in almost three years. The S&P 500 hit another record on Friday.

https://www.theedgemarkets.com/article/gold...g-dollar-yields

Would like to ask gold sifus here some stupid questions, sorry if you're annoyed

got pushed by friend of a friend to buy gold from him

modus operandi = pay RM 50 lock down price, then pay installment , after finish then get the gold

here is his "company"

https://threeboxgold.com/

https://www.facebook.com/threeboxgold/

the thing looks like a scam, but i can't prove it since i don't know anything about gold

how to talk to him ?

simply say no. simple.

Go make police report if he point knife/gun to you to force you. If not, just simple decline. Look at the management team of the link, all under Singapore. Any gold sell other than Bank or those Gold shops may be scam.

thx for your input