🇲🇾Platinum Rate in Setia Alam Today
The platinum rate in Setia Alam today is RM140.55 per gram for 14K, based on an international spot price of $1,854.00 per troy ounce. That is down RM1.28 from the previous close. This is the international spot price converted into MYR for Setia Alam. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Malaysia's larger markets, with a population of around 150,000. The MYR has weakened 0.103% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Setia Alam — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | RM240.95 | RM220.87 | RM210.83 | RM180.71 | RM140.55 |
| 1 Troy Ounce (31.1035 g) | RM7,494 | RM6,870 | RM6,558 | RM5,621 | RM4,372 |
| 1 Kilogram (1,000 g) | RM240,951 | RM220,872 | RM210,832 | RM180,713 | RM140,555 |
All figures in MYR (Ringgit). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Platinum rate in Setia Alam — questions
What is the platinum rate in Setia Alam today?
The platinum rate in Setia Alam today is RM140.55 per gram for 14K, and RM240.95 per gram for 24K. These are live figures converted from international spot at the current MYR exchange rate.
What is the price of 1 gram of gold in Setia Alam?
One gram of 24K platinum costs RM240.95 in Setia Alam, and 22K costs RM220.87 per gram. 18K works out at RM180.71.
Why is 22K cheaper than 24K in Setia Alam?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is RM20.08 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Setia Alam different from other cities?
The underlying metal price is identical everywhere in Malaysia — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.