Silver Price in Malaysian Ringgit (RM) Today
Live silver price converted to Malaysian Ringgit (MYR) using real-time exchange rates. Prices shown for .999 fine, .925 sterling, .900 coin, and .800 silver purities.
The current price of silver in Malaysian Ringgit is RM282.11 per troy ounce for .999 fine silver. Sterling silver (.925) is worth RM260.95 per ounce.
.999 Fine
RM282.11
.925 Sterling
RM260.95
.900 Coin
RM253.90
.800 Silver
RM225.69
Data source: TwelveData XAG/USD spot price × MYR/USD exchange rate. Last updated: 3/25/2026, 7:11:43 PM
Silver Price by Quantity (MYR)
| Quantity | .999 Fine | .925 Sterling | .900 Coin | .800 Silver |
|---|---|---|---|---|
| 1 Troy Ounce | RM282.11 | RM260.95 | RM253.90 | RM225.69 |
| 1 Gram | RM9.07 | RM8.39 | RM8.16 | RM7.26 |
| 10 Grams | RM90.70 | RM83.90 | RM81.63 | RM72.56 |
| 100 Grams | RM906.99 | RM838.97 | RM816.29 | RM725.60 |
| 1 Kilogram | RM9,069.94 | RM8,389.70 | RM8,162.95 | RM7,255.95 |
| 1 Tola (11.66g) | RM105.76 | RM97.82 | RM95.18 | RM84.60 |
| 5 Troy Ounces | RM1,410.53 | RM1,304.74 | RM1,269.48 | RM1,128.43 |
| 10 Troy Ounces | RM2,821.07 | RM2,609.49 | RM2,538.96 | RM2,256.86 |
Silver Prices in Malaysian Ringgit: What You Need to Know
Malaysia has a growing precious metals market supported by both investment demand and Islamic finance principles (silver is a ribawi item in Sharia law). Silver prices in Malaysian ringgit reflect the global spot rate adjusted for MYR/USD movements. Bank Negara Malaysia's managed float of the ringgit adds a currency dimension that can amplify silver returns during periods of ringgit weakness.
Tax, VAT & Import Duties
Malaysia abolished GST in 2018 and replaced it with the Sales and Services Tax (SST). Investment-grade gold is exempt from SST, but silver bullion is subject to the 10% sales tax. There is no capital gains tax in Malaysia for individuals on silver investments. However, if LHDN (Inland Revenue) deems precious metals trading as a business activity, profits may be assessed as income.
How Silver Is Traded in Malaysia
Public Gold is Malaysia's largest precious metals dealer, operating a network of physical branches. Other notable dealers include Poh Kong (retail jewelry chain) and various online platforms. Silver is often quoted per gram in MYR. Malaysia's Islamic finance sector has driven interest in physical precious metals as Sharia-compliant investments.
How Silver Price in MYR Is Calculated
The silver price in Malaysian Ringgit is calculated by multiplying the global XAG/USD spot price by the current MYR/USD exchange rate. Today's rate: 1 USD = 3.9541 MYR.
Formula: Silver Price (MYR) = XAG/USD Spot Price × MYR/USD Rate
Example: $71.34 × 3.9541 = RM282.11 per troy ounce
Frequently Asked Questions
How much is 1 ounce of silver in Malaysian Ringgit today?
One troy ounce of .999 fine silver is currently worth RM282.11 (MYR). Sterling silver (.925 purity) is worth RM260.95 per troy ounce. Prices are converted from the live XAG/USD spot rate using real-time exchange rates.
Is silver subject to SST in Malaysia?
Yes. Silver purchases in Malaysia attract 10% Sales and Services Tax (SST). Unlike investment-grade gold, silver does not receive an exemption. There is no capital gains tax for individuals, but frequent trading may be classified as business income by LHDN.
Is silver a Sharia-compliant investment in Malaysia?
Physical silver is considered Sharia-compliant as it is a ribawi (real) commodity. However, Sharia rules require that silver trades must be settled immediately (no deferred delivery) and at spot prices. Paper silver, futures, and leveraged products may not comply. Malaysia's Islamic finance advisors generally approve allocated physical silver ownership.
Where can I buy silver in Malaysia?
Public Gold has the widest branch network for physical silver in Malaysia. Poh Kong offers silver through their retail locations. Online options include SilverMalaysia and various dealers on Shopee and Lazada (verify authenticity carefully). Always check for genuine hallmarks and buy from established dealers.
How is the ringgit affecting silver prices in Malaysia?
The Malaysian ringgit has generally weakened against the USD over the past decade, which amplifies silver price gains in MYR terms. When the ringgit drops 5% and silver rises 10% in USD, Malaysian investors see roughly a 15% gain in ringgit terms. This currency effect makes silver an effective hedge against ringgit depreciation.