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
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| • |
Individuals (resident or non-resident) aged 18 years and above. |
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Personal or joint |
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Minimum Initial Purchase
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20gms |
Minimum Balance in the Account
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2gms |
Minimum Subsequent Purchase/ Sale
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5 grams and must be in multiple of 1 gram |
Gold Purchase
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Gold purchase will be based on the Bank's prevailing gold SELLING price quoted in RM per gram. |
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The mode of payment accepted for purchase of gold are :
- cash
- debiting of account
- house cheque |
| • |
No physical gold deposit is allowed. |
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Gold Sale/ Withdrawal
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| • |
Gold sale will be based on the Bank's prevailing gold BUYING price quoted in RM per gram. |
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Withdrawal options available are :
- Cash
- Crediting of account
- Physical gold withdrawal* |
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| 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:
* This option is currently not available 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.
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