Gold Price Analysis: Oct 16, 2025
Verified historical closing rates in Malaysian Ringgit (MYR)
24K Gold / Gram
RM593.53
Market Tola Rate
RM6,922.82
Trading Day
Thursday
The historical gold market data for Thursday, October 16, 2025 indicates that 24K gold (99.9% pure bullion) in Malaysian Ringgit closed at RM593.53 per gram. This reflects the core spot market value before any local retail premiums or making charges were applied.
For jewelry consumers and retail investors, the 22K gold price—which is the standard purity for traditional ornaments—was recorded at RM544.09 per gram. If you are calculating the value in local trade units, the gold rate per tola on this date was approximately RM6,922.82.
Tracking these historical MYR gold rates is crucial for auditing long-term portfolio performance, settling insurance valuations, or analyzing the price appreciation of gold assets held since October 2025.
| Purity Grade | Gram | Tola | Ounce | Kilogram |
|---|---|---|---|---|
| 24K Gold | RM593.53 | RM6,922.82 | RM18,460.88 | RM593,531 |
| 22K Gold | RM544.09 | RM6,346.15 | RM16,922.48 | RM544,090 |
| 21K Gold | RM519.34 | RM6,057.47 | RM16,153.27 | RM519,339 |
| 18K Gold | RM445.15 | RM5,192.12 | RM13,845.66 | RM445,148 |
Historical Price Insights
What was the 22k gold price per tola on Oct 16, 2025?
The 22k gold rate was approximately RM6,346.15 per tola in MYR on this date.
How much was 1 gram of 24k gold?
On October 16, 2025, 1 gram of 24k gold was priced at RM593.53.
What was the price per troy ounce?
The international market price for a troy ounce on this date was RM18,460.88.
Why check historical rates from 2025?
Historical data helps in auditing portfolios, insurance claims, and understanding long-term price volatility.
Are these retail jewelry prices?
These are market spot rates. Final jewelry prices usually include making charges and local taxes applicable on that date.
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