RHB Gold Investment

About RHB

The RHB Banking Group is a multinational regional financial services provider that offers customers complete solutions through different segments and an ecosystem of sub-sectors to provide simple experiences for their clients. The workforce at this company understands how important it can be to try out new things or make changes, not to disrupt ongoing projects; they work hard, so these processes go off without any hiccups!

Ranked among the top banks in Malaysia, RHB has a significant presence across ASEAN. With more than 14 thousand employees and spanning 9 countries within this region, it is no surprise that they are considered market leaders for many products to target different needs of customers.

What is a Gold Investment Account (GIA)?

Gold investment accounts allow you to invest in gold without having any physical assets. In Malaysia, only certain banks offer these accounts, and they can be beneficial if you want to diversify your portfolio in different investments.

About RHB Gold Investment Account

  • RHB MCA Gold and Silver Investment is an investment account that allows customers to invest in Gold and/ or Silver in paper/ statement form
  • Multi-Currency Account: You can start investing in Gold and/ or Silver with 24 foreign currency deposits
  • No withholding tax and brokerage fee are involved
  • No minimum or maximum limit is to be maintained in the account

Why should I choose an RHB gold investment account?

  • A safe haven
  • Hedge against inflation – offered unique inflation
  • Product diversification
  • Precious metals provide excellent liquidity
  • Convenient balance checking at your fingertips via IBK online and RHB Mobile

Who can open an RHB gold investment account?

  • Any individual and companies
  • Residents and non-residents

What do I need to know before opening an RHB gold investment account?

  • Daily fluctuation of precious metal prices due to the international and local markets
  • Performance of the US Dollar exchange rate against Ringgit Malaysia (MYR)
  • Bank Negara Malaysia’s foreign exchange administrative rules in the tightening or liberalising policies related to precious metal investment and foreign exchange in general
  • International and local news is directly or indirectly related to the precious metal market

What are the risks of having a gold investment account?

  • Market risk

    Your investment may be at risk if market conditions change. Although gold is considered one of the safest investments in the world, you’ll have no control over the profitability of your fund and could sustain losses as well!

  • Pricing risk

    The price of gold will be determined by the Bank at its sole and absolute discretion. It considers all relevant factors, including world market conditions, local currency exchange rates between USD and MYR, and fineness levels.

  • Not protected by authorities

    Gold investment account is not covered by Perbadanan Insurans Deposit Malaysia (PIDM).

What is the minimum purchase for an RHB gold investment account?

  • Individual (New applicants): 5 grams
  • Company (New applicants): 50 grams
  • Subsequent minimum deposit: 1 gram in multiples of 1 gram

What are the standard fees of an RHB gold investment account?


What is the process of opening an RHB gold investment account?

Visit any RHB Branch to open an account for Multi-Currency Account and a Ringgit Savings or Current Account.

What are the common terms of gold investment?

  • Minimum initial purchase

    The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!

  • Minimum balance

    The minimum amount of gold needed to maintain your gold investment account.

  • Minimum subsequent purchase/ sale

    The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.

  • Buy-sell spread

    The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM250, and the bank repurchases it at RM240. The buy-sell spread is RM10 (RM250 minus RM240).