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🇲🇾 Silver Price Today in Malaysia | RM342.07
Live silver price in Malaysian Ringgit (MYR) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (MYR)
RM10.9977
Per Troy Oz (MYR)
RM342.07
Per Kg (MYR)
RM10,998
USD/Silver Spot
$72.78/oz
USD/MYR Rate
1 USD = 4.7 MYR
Gold/Silver Ratio
62.0:1
Silver Market in Malaysia
Malaysia has a growing silver investment market supported by Islamic finance principles — silver is a Shariah-compliant asset and several Malaysian institutions offer silver savings accounts compliant with Islamic law. Bank Negara Malaysia holds approximately 38 tonnes of silver reserves. Bursa Malaysia Derivatives trades silver futures under the KGLD contract.
Why do people in Malaysia invest in silver?
Malaysian investors are attracted to silver's Shariah compliance, inflation-hedge properties, and protection against ringgit weakness. Maybank and Public Bank offer silver investment accounts (GIA) that allow Malaysians to buy fractional silver at competitive rates. The ringgit's periodic weakness amplifies silver returns in local currency terms.
Frequently Asked Questions — Silver in Malaysia
What is the silver price today in Malaysia in ringgit?
Malaysia silver prices in MYR are quoted by Maybank silver, Public silver, and Bursa Malaysia. Prices track the international USD spot price converted at the USD/MYR rate, plus a small dealer spread.
Is silver investment halal in Malaysia?
Yes. silver is considered a Shariah-compliant investment asset in Malaysia. Islamic silver products must involve physical backing and avoid interest (riba). Bank Islam, Maybank Islamic, and Public silver offer Shariah-compliant silver accounts and products.
What is Public silver in Malaysia?
Public silver is Malaysia's leading physical silver dealer and is an authorized distributor of investment silver products including wafers, bars, and coins. They operate a nationwide dealer network and online trading platform.
Is there SST on silver in Malaysia?
Investment silver in Malaysia is subject to 10% Sales and Services Tax (SST). This affects the total cost of physical silver purchases. Some Islamic silver savings accounts may have different tax treatments — check with your specific institution.