The price of 20g is RM3660. (Roughly 20g * RM183/g = RM3660) Please note the smaller the gold bar, the higher the price per gram as the goldsmith will include the processing fee. Eg additional RM10 for 10g gold bar.
- to exchange with a different gold bar/ jewelleries - the spread will be 3%
- to get my money back - the spread will be 12%
I asked the salesperson again. If I open the case, will you be accepting the Bunga Raya Gold Bar? Yes, he said. At a higher discount, depending on whether the gold bar is damaged or not. Chances are that they will buy back the Bunga Raya at 25% discount. Double WOW!
This is Public Gold prices :-
Can you see the spread? The spread is the difference between the selling price and buying price. Except for PG 10g gold bar, the spread is just 4% -6%.
Which Investment is better? PG gold bar, of course, due to
1. smaller in spread
2. transparent price update
3. updated gold prices reflecting the movement of the live gold price
4. easy to get the products
5. high liquidity (can sell at any point of time)
Poh Kong promotion for your info.