yesterday, at the end of the asian session, the european session began heavy selling of gold, almost -2%.

it is said the bullion banks wanted to smack it down so that they can buy more!

towards the evening, gold price recovered.

now, it's almost back to all time high.

Gold $3866/oz; RM523/g

RM4.208/$; DXY 97.81

china market is closed for golden week, will resume on thu Oct 9.

quick question.

correct me if im wrong as I had no idea about gold. I saw some gold shop do promotion. 999 gold. Less than RM 500 per gram.
I search up and there are people mentioned is the "recycle" gold.

got this kind of stuff?

999.9 = 24K = pure gold.

RM500/g probably is 750 purity or 18k gold.
https://etomei.com/pages/tomei-gold-silver-price-live-quotes

beware, there have been reports of fake gold - tungsten inside, gold plated. tungsten density is close to gold.
there are also fake gold bars/coins with silver inside. these are slightly thicker as silver is not as heavy as gold or tungsten.

I have seemed those in Shopee live seller advertise "free chop 916" on those fake gold accessories

crazy ler

Not enough details.
Which gold shop?
Is it assayed gold?
Bar, coin or jewellery?

Jangan kena scam

This post has been edited by aaronpang: Oct 2 2025, 10:22 PM

how to identify it's fake gold? It's actually from quite branded gold shop in shopping complex. so I just suka suka ask the sales person. How come cheaper than market price. too good to be true right. and she say because they are doing promotion.

so, I dont ask much cz me myself also dunno much about it

quite famous gold shop name in Kl shopping complex. the name that we normally see. but i didnt take photo or capture the price so i dun have proof.

"Is it assayed gold?"--> apa ni?

-delete_

repeat post

This post has been edited by BboyDora: Oct 2 2025, 11:00 PM

The gold price are not fixed. Each shop can set it own pricing. Even branded price got different. Those outlet in shopping mall are mostly higher compared to those open in shoplot. I was once quoted same item, price difference a lot between their HQ and Kuantan branch. End up ask friend buy from Kuantan brnach

Its cheaper to purchase gold investment bars from reputable bullion traders, than from the shopping mall retailers.

Sharing if anyone is interested to go

https://www.klinf.co/





This post has been edited by aaronpang: Oct 3 2025, 05:10 PM

you need to see what are they selling. gold bars unlikely to be < Rm500/g

Most likely is jewellery. But be careful on jewellery, they quote 999 gold only for the ornament part (like the pendant, earring, etc.) But the part where you wear it on your body (like the pendant hook, pendant holder, earring piercing) are definitely not made of 999 gold as it is too soft and will break. So what the gold shop may be quoting you is the weight of the whole jewellery, the non-999 gold part is also priced in already

If you are buying gold for investment, DO NOT BUY JEWELLERY. Jewellery are for decor, not for investment. High workmanship costs and premiums for jewellers to fleece you.

ahh....i see.. thank you thank you

ok ok thank you. so if wanna buy, buy the gold bar or coin?

Yeah. Bars or bullion.

No body talk about silver?

I bought 250g silver bar at 2021 for 1k , and forget, now it's worth 2k

Agreed jewellery might also be filled with resin or contain non-gold metals sold as gold weight.

Literally paying for trash



https://www.tiktok.com/@emasfaiz/video/7067535413161872666

Actually it's not just that, the spreads are extremely high. Like 30% ridiculous high.