Gold Spot Price (gold/MYR)
MYR 20,342.60
per troy ounce
Gold & Silver
1 oz
MYR 20,342.60
1 gr
MYR 654.03
1 kg
MYR 654,029.14
Prev Close
MYR 20,285.64
Open
MYR 20,342.60
Day High
MYR 20,418.69
Day Low
MYR 19,977.86
1 oz
MYR 331.07
1 gr
MYR 10.64
1 kg
MYR 10,644.22
Prev Close
MYR 329.65
Open
MYR 331.07
Day High
MYR 335.30
Day Low
MYR 322.35
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: MYR 20,342.60/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | MYR 20,342.60 | +MYR 56.96 | +0.28% | |
| 1 Week | MYR 20,783.83 | -MYR 441.23 | -2.12% | |
| 1 Month | MYR 19,649.77 | +MYR 692.82 | +3.53% | |
| 3 Months | MYR 16,742.44 | +MYR 3,600.16 | +21.50% | |
| 6 Months | MYR 14,231.66 | +MYR 6,110.93 | +42.94% | |
| 1 Year | MYR 11,548.06 | +MYR 8,794.53 | +76.16% | |
| Since 2026 | MYR 17,210.22 | +MYR 3,132.37 | +18.20% | |
| Since 2025 | MYR 10,531.60 | +MYR 9,811.00 | +93.16% | |
| Since 2024 | MYR 8,181.42 | +MYR 12,161.17 | +148.64% | |
| Since 2023 | MYR 7,284.52 | +MYR 13,058.08 | +179.26% | |
| Since 2022 | MYR 7,103.01 | +MYR 13,239.59 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | MYR 20,342.60 | MYR 20,285.64 | MYR 20,418.69 | MYR 19,977.86 | Today +56.96 (+0.28%) |
Silver (XAG) | MYR 331.07 | MYR 329.65 | MYR 335.30 | MYR 322.35 | Today +1.42 (+0.43%) |