Gold prices increase in Malaysia today, according to official data.

    by VT Markets
    /
    Jan 28, 2026
    Gold prices in Malaysia have increased, according to FXStreet data. The price per gram is now 660.21 Malaysian Ringgits (MYR), up from 652.26 MYR on Tuesday. The price per tola has risen from 7,607.82 MYR to 7,700.23 MYR. FXStreet calculates these prices by adjusting international rates to the local currency and units. These prices are updated daily based on market rates, but local prices may vary slightly.

    Gold As A Safe Haven

    Gold has always been a reliable store of value and is seen as a safe-haven asset, especially in uncertain times. It is also used as protection against inflation and currency decline. Central banks hold the most significant gold reserves. They added 1,136 tonnes in 2022, the highest amount bought in a year, according to the World Gold Council. Countries like China, India, and Turkey are rapidly increasing their reserves. Gold prices tend to rise when the US Dollar and Treasuries decline. Gold is also affected by stock market performance; prices drop when stocks do well. Prices fluctuate due to geopolitical issues, interest rates, and the strength of the US Dollar.

    The Outlook For Gold Prices

    The recent increase in gold prices is part of a broader trend we are closely watching. This trend highlights gold’s role as a hedge against currency decline, especially relevant during the market ups and downs of 2025. As we enter 2026, the appeal of gold as a safe haven is growing amid increasing economic uncertainty. A key factor in the coming weeks is the anticipated change in central bank policies. After high interest rates in 2024 and 2025, US inflation has decreased to around 2.5%. This has led markets to expect potential rate cuts from the Federal Reserve later this year. Since gold does not yield interest, it becomes more appealing as rates are likely to drop, lowering the cost of holding it. This outlook is also weakening the US Dollar, which is inversely related to gold prices. The Dollar Index (DXY) has fallen below 102 from late 2025 highs, and further declines could push gold prices higher. A weaker dollar means gold, priced in USD, becomes cheaper for investors using other currencies. Strong demand from central banks supports this trend. After record purchases in 2023 and 2024, reports at the end of 2025 confirmed that central banks, particularly in emerging economies, continued to build their reserves rapidly. This ongoing demand creates a solid base for the market, limiting potential declines. Given these conditions, derivative traders might explore strategies that benefit from rising prices and volatility. We recommend buying call options on major gold ETFs for leveraged exposure to a potential increase while controlling risk. We’re focusing on contracts that will expire in the second quarter of 2026 to take advantage of the expected policy changes. Create your live VT Markets account and start trading now.

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