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Ringgit Malaysia per Gram | US Dollar per Gram |
Public Bank Gold Investment Account
Key Benefits
To earn potentially higher return from appreciation in gold price.
Convenience of investing in gold as trading is carried out through a passbook.
Small difference between selling and buying prices.
Affordable initial purchase and subsequent investment.
Invest in gold without having to keep the gold physically.
Gold is the best possible hedge against inflation.
Alternative investment avenue to build up personal gold portfolio which is cheaper compared to invest in gold jewellery as the latter will incur additional cost on workmanship.
What is a Gold Investment Account?
Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.9% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook.
Eligibility
• Individuals (resident or non-resident) aged 18 years and above.
• Personal or joint
Minimum Initial Purchase - 20gms
Minimum Balance in the Account - 2gms
Minimum Subsequent Purchase/ Sale - 5 grams and must be in multiple of 1 gram
Gold Purchase
• Gold purchase will be based on the Bank's prevailing gold SELLING price quoted in RM per gram.
• The mode of payment accepted for purchase of gold are :
- cash
- debiting of account
- house cheque
• No physical gold deposit is allowed.
Gold Sale/ Withdrawal
• Gold sale will be based on the Bank's prevailing gold BUYING price quoted in RM per gram.
• Withdrawal options available are :
- Cash
- Crediting of account
- Physical gold withdrawal*
Account Opening Requirement Customer is required to maintain either a savings account or current account prior to opening a GIA to facilitate the debiting of service fee, if any.
Service Fee An annual fee of RM10 will be levied on the designated deposit account on the first day of the calendar year if the account balance is below 10gms as at year end.
Don't miss out on this golden investment!
The returns of Gold Investment Account are subject to prevailing market conditions. Terms and conditions apply.
Note:
* Subject to reimbursement on the insurance, transportation and charges incurred for such delivery as well as goods and service tax (if applicable) depending on the quantity of physical gold withdrawn. This option is only available to customers until further notice.
For more information, please visit your nearest Public Bank branch or call free phone at 1-800-88-3323 during normal working hours.
Check out current gold price at Public Bank Gold Investment Account
Source: pbebank.com.my
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