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🇲🇾 Platinum Price Per Gram in Malaysia | RM294.08
Platinum price per gram in Malaysian Ringgit (MYR) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET — Exchange rate: 1 USD = 4.7 MYR
Per Gram (MYR)
RM294.08
Per 10 Grams (MYR)
RM2,941
Per Troy Oz (MYR)
RM9,147
Per Kg (MYR)
RM294,075
About Platinum Prices in Malaysia
The platinum price in Malaysia is derived from the international spot price (denominated in USD per troy ounce) and converted to Malaysian Ringgitat the current exchange rate. Platinum is one of the world's rarest metals — annual mine production is roughly 200 tonnes, compared to 3,300 tonnes of gold.
Approximately 70-75% of the world's platinum is mined in South Africa, making supply conditions in that country a key price driver. Industrial demand — primarily automotive catalysts and emerging hydrogen fuel cell technology — accounts for over 50% of annual consumption. Investment demand via ETFs and bars/coins makes up most of the remainder.
Frequently Asked Questions — Platinum Price in Malaysia
What is the platinum price per gram in Malaysia today?
The platinum price per gram in Malaysia is currently RM294.08 (MYR). This is calculated from the international platinum spot price of $1,946.12/troy oz divided by 31.1 grams per troy ounce, then multiplied by the USD/MYR exchange rate.
How much is 10 grams of platinum in Malaysia?
10 grams of platinum is currently worth RM2,940.75 in Malaysia. Platinum is rarer than gold — approximately 30 times rarer — but currently trades below gold due to shifts in automotive catalyst demand.
How much is 1 kilogram of platinum in Malaysia?
One kilogram of platinum is currently worth RM294,075 in Malaysia (MYR). One-kilogram platinum bars are sold by major refineries and are a popular form for institutional investors.
Is platinum more expensive than gold in Malaysia?
At current prices, platinum ($1,946.12/oz) trades below gold. Historically, platinum commanded a substantial premium over gold, and many analysts view the current discount as representing long-term value. The gold/platinum ratio currently stands at approximately 2.3:1.