🇲🇾Silver Rate in Penang Today
The silver rate in Penang today is RM8.12 per gram for 22K, based on an international spot price of $68.20 per troy ounce. That is down RM0.0500 from the previous close. Rates across Penang follow the national Malaysia market, since gold is priced internationally and converted at the same exchange rate. The MYR has weakened 0.103% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Silver rate in Penang — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | RM8.86 | RM8.12 | RM7.75 | RM6.65 | RM5.17 |
| 1 Troy Ounce (31.1035 g) | RM275.66 | RM252.69 | RM241.21 | RM206.75 | RM160.80 |
| 1 Kilogram (1,000 g) | RM8,863 | RM8,124 | RM7,755 | RM6,647 | RM5,170 |
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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Silver rate in Penang — questions
What is the silver rate in Penang today?
The silver rate in Penang today is RM8.12 per gram for 22K, and RM8.86 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 Penang?
One gram of 24K silver costs RM8.86 in Penang, and 22K costs RM8.12 per gram. 18K works out at RM6.65.
Why is 22K cheaper than 24K in Penang?
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 RM0.7386 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
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.