Any gold shop will take it.

From what i experienced, usually the weight X current price and then deduct 15-25% as they wont be paying 100% for profit.

And people still say gold is good investment.

Nah, just sell off the bars and bullion, see got deduction or not.

To me gold aint for investment.

You have to compare this with FD. Example the same amount of money you put in FD for the same period, what is the value now? Cannot just look at absolute numbers. Even if gold is higher than FD, question is, is it higher than other easily available investment option?

What is the cost of holding the gold? SDB rental, etc?

I generally do compare cost in all ways. If indeed one is getting 11% return, that is good. What i want to say is comparing absolute numbers is meaningless considering other alternatives.

I personally feel SDB cost should be factored in unless it has been there eirher way. If you hold 100g of gold, sdb cost is example rm400 per year, there is a fixed % cost yearly. Not alot but still cost. Vs FD, really no cost.

Just buy Gold ETF.
No need to headache where to keep,  where to sell,  how much kena potong when sell.