Hi, I am NINA HANNAN

GAP price changes daily at around 12:00 am midnight, while the physical price changes every 20 minutes, hence at any one time, GAP price might be lower or higher than the physical price.

GAP price also is the same per gram, but the physical price is NOT the same. The larger the gram of physical gold, the lower the price per gram.

The most notable difference is the quality of the gold. Investment Gold is usually 24k gold or Au 999 quality, but jewellery gold is usually 22k gold or Au 916 quality.

Jewellery gold has a higher wage charge; hence it is less suitable for investment as it has higher spread value.

Truthfully, the best time to buy gold is when we have the money that will not be used in the near future. No one knows if tomorrow price is high or low. So why do the waiting game? Instead, seize the opportunity today!

The most notable differences are its design and sizes. In terms of design, the dinar set is circular coin shape, while the Bungamas or Tai Fook gold bar comes in rectangular shape. Dinar have their own unique size, example 1 Dinar has a specific weight of 4.25 grams.

Gold in the form of GAP or physical, gold bars or dinars, if the amount of gold stored is more than 85 grams for a period of 1 year, it is obligatory to pay Zakat at the rate of 2.5% of the current price. For more information, please visit zakat.com.my

Free registration can be made here.

Please contact me via WhatsApp after registration for assistance.

You can register a Public Gold Junior Account here

GAP Account are for depositors 18 years old and above, while Junior GAP Accounts are for depositors which are under 18 years old.

Parent/guardian information are needed during GAP Junior account registration.

If there is a death of a GAP gold depositor, the documents required by the beneficiary to claim gold at the Public Gold branch are:

• Death Certificate
• Marriage Certificate [Husband/Wife], [if the child is the beneficiary then submit the birth certificate]
• Copy of beneficiary IC
• Court letter-transfer of ownership / administration of the deceased's property to the heirs [wife/children]

Once all the documents are ready, submit all the complete documents to Public Gold at the nearest branch for the transfer process.

If there is an Easy Payment Purchased [EPP], the beneficiary can also make a claim. There are 2 possibilities;

• Sell back to Public Gold at the current price less 5% penalty or
• The beneficiary can make payment of the remaining value of the gold and claim the gold.

* Subject to changes in Terms & Conditions

Gold spread is the difference between the buying price and the selling price of gold at the same time.