Malaysia Gold Investment account oh Malaysia Gold Investment account

If you think gold will not drop some more, you may buy some gold to keep.

The best one is UOB bank, lowest spread.


Bank & Product Name
Price & Minimum Initial Purchase
Buy-sell spread
Fees & Charges
UOB Premier Gold Account

·         Price you buy at (per gram):RM131.60 (as at 03/12/13)
·         Price you sell at (per gram):RM128.90 (as at 03/12/13)
·         Minimum Initial Purchase:1,000 grams
RM2.70
·         Administration Fee: RM2 per month if your gold balance falls below 1,000 grams at month end
·         Physical gold conversion fee applies
UOB Gold Savings Account

·         Price you buy at (per gram):RM132.10 (as at 03/12/13)
·         Price you sell at (per gram):RM128.80 (as at 03/12/13)
·         Minimum Initial Purchase: 20 grams
RM3.30
·         Administration Fee: RM2 per month if your gold balance falls below 10 grams at month end
·         Physical gold conversion fee applies
Public Bank Gold Investment Account

·         Price you buy at (per gram):RM131.68 (as at 03/12/13)
·         Price you sell at (per gram):RM126.46 (as at 03/12/13)
·         Minimum Initial Purchase: 10 grams
RM5.22
·         Physical gold withdrawal charges: RM220-RM250 for 50 grams, and RM240-RM270 for 100 grams
·         Annual Service Fee: RM10 (if your gold balance falls below 10 grams at year end)
·         Passbook replacement fee: RM10
·         Stamp Duty: RM10
Maybank Gold Investment Account

·         Price you buy at (per gram):RM132.30 (as at 03/12/13)
·         Price you sell at (per gram):RM126.71 (as at 03/12/13)
·         Minimum Initial Purchase: 1 grams
RM5.59
·         Stamp Duty: RM10
·         Passbook replacement fee: RM15
CIMB Bank Gold Investment Account

·         Price you buy at (per gram):RM132.00 (as at 03/12/13)
·         Price you sell at (per gram):RM126.40 (as at 03/12/13)
·         Minimum Initial Purchase: 5 grams
RM5.60
·         Physical gold withdrawal charges: RM1 per gram of gold ordered
·         Fee if you fail to collect your gold within 30 days: RM1 per gram of gold
·         Annual Service Fee: RM5 (if your gold balance falls below 5 grams at year end)
·         Passbook replacement fee: RM20
·         Closing of Gold Deposit Account: RM10 (only charged if you close your account within 6 months of opening)
Kuwait Finance HouseGold Account-i

·         Price you buy at (per gram):RM134.70 (as at 03/12/13)
·         Price you sell at (per gram):RM125.48 (as at 03/12/13)
·         Minimum Initial Purchase: 10 grams
RM9.22
·         None
Kuwait Finance HouseJunior Gold Account-i

·         Price you buy at (per gram):RM134.70 (as at 03/12/13)
·         Price you sell at (per gram):RM125.48 (as at 03/12/13)
·         Minimum Initial Purchase: 5 grams
RM9.22
·         None

Source: http://www.imoney.my/gold-investment


1 comments:

How about buying physical gold?

All above - is about buying paper gold.

Thanks.