SHAH ALAM – The price of 999 gold surged to a new high after reaching RM701 per gram on Friday, marking the highest level in history.
According to data from the Public Gold website, the previous highest price in 2026 was RM687 per gram, while the lowest recorded price was RM613 per gram.
Public Gold updates its gold prices daily at midnight, in line with movements in the global gold market.
Earlier, gold futures contracts on Bursa Malaysia Derivatives closed higher, tracking gains in the global market as gold prices climbed to a new record above US$4,800 (RM19,308) per troy ounce.
SPI Asset Management Managing Partner Stephen Innes said gold’s strong performance was driven by geopolitical uncertainty and concerns over the global fiscal position.
He added that recent rhetoric by US President Donald Trump regarding a proposal to annex Greenland has raised political risks, influencing global market sentiment.