SST on Gold in Malaysia
Gold is not subject to Sales and Service Tax. Gold jewellery is not subject to Sales and Service Tax. Today 10 grams of 24K gold cost RM 5,057 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Malaysia today, with tax
MYR · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 916 jewellery metal, with tax |
|---|---|---|---|
| 1 gram | RM 505.68 | RM 505.68 | RM 463.20 |
| 10 grams | RM 5,057 | RM 5,057 | RM 4,632 |
| 1 ounce | RM 15,728 | RM 15,728 | RM 14,407 |
| 100 grams | RM 50,568 | RM 50,568 | RM 46,320 |
| 1 kilo | RM 505,675 | RM 505,675 | RM 463,198 |
The rules in Malaysia
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Gold is not subject to Sales and Service Tax. Confirmed by the Treasury before the July 2025 SST expansion. |
| Jewellery | 0% | Gold jewellery is not subject to Sales and Service Tax. |
| Import duty | 0% | Local 999/916 rates are set from spot and carry no duty. A 10% import duty on LBMA gold bars took effect on 8 June 2026. From 1 Nov 2026, qualifying minted 999.9 bars (roughly 1-50 g) become duty-free; the status of larger cast and kilo bars was unclear. Imported LBMA bars can therefore cost more than locally refined bars. |
| Tourist refund | No | A tourist tax refund scheme exists, but gold carries no SST, so there is nothing to refund. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Malaysia | 0% | 0% | none |
| China | 0% | 18.9% | none |
| Hong Kong | 0% | 0% | none |
| Japan | 10% | 10% | none |
| South Korea | 10% | 10% | none |
| Singapore | 0% | 9% | none |
| Thailand | 0% | 0% on the gold | none |
| Vietnam | 0% | 0% on the gold | none |
| Indonesia | 0% | 1.65% | none |
| Philippines | 12% | 12% | none |
SST on Gold in Malaysia: FAQ
Is there SST on gold in Malaysia?
Gold is not subject to Sales and Service Tax. Gold jewellery is not subject to Sales and Service Tax.
Do you pay SST on gold bars and coins in Malaysia?
Gold is not subject to Sales and Service Tax. Confirmed by the Treasury before the July 2025 SST expansion.
Is there import duty on gold in Malaysia?
Local 999/916 rates are set from spot and carry no duty. A 10% import duty on LBMA gold bars took effect on 8 June 2026. From 1 Nov 2026, qualifying minted 999.9 bars (roughly 1-50 g) become duty-free; the status of larger cast and kilo bars was unclear. Imported LBMA bars can therefore cost more than locally refined bars.
Can tourists claim back the SST on gold in Malaysia?
No. A tourist tax refund scheme exists, but gold carries no SST, so there is nothing to refund.
Sources (2)
- The Star: gold not subject to SST (2025-06-27)
- The Edge: gold bar import duty (2026)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.