Recently, I noticed that the gold market has been really intense. From last year to early this year, gold prices have increased by over 60%, reaching multi-decade highs. At one point, international gold prices approached $5,600 per ounce, and the price of 999 gold in Malaysia also rose accordingly, with local gold shop quotes nearing a historic high of 750 to 800 ringgit per gram.

I looked at recent market performance, and spot gold has been fluctuating around the $5,000 mark, with significant weekly volatility, basically oscillating between $5,100 and $5,280. This rally is mainly supported by geopolitical risk aversion and inflation pressures. It seems that major global investment banks are also raising their gold price forecasts, and the market appears to have officially entered a high gold price era.

Interestingly, this rapid rise has caused a split among local gold shops. On one side, investors holding gold are eager to cash out and exit; on the other side, large funds are continuing to build positions at high levels for hedging. Gold shops are responding to this volatility quite aggressively, some directly adjusting their quotes with half-day prices or even real-time listings. If you want to trade gold, international spot gold is available nearly 24 hours from Monday to Friday, while Malaysia’s local gold futures follow exchange hours, with main trading hours from 9 a.m. to 5:30 p.m.

However, such high-level volatility also requires caution, especially when international situations are still uncertain. The premium space for gold may continue to expand. If you want to enter the market, it’s recommended to compare prices from several gold shops for 999 gold, as there are still noticeable differences in prices among different vendors.