# Calculate Silver Price Malaysia By Oz & By Gram In Ringgit

In Malaysia silver market, silver items are measured in 2 different measurement units, by ounce and by gram (or kilo gram). Many novice silver investors might find silver price Malaysia confusing. This chapter is to show how to convert from one unit to another so that investors could see the price of silver strictly by measuring the weight of the silver item.

Disclaimer: Displayed price and current price for silver price Malaysia might be varied due to spot price fluctuation. This image is displayed solely for illustration purpose only.

Before we calculate silver price Malaysia, note that when we talk about 1 ounce in precious metal it is actually 1 troy ounce. It is different from the standard ounce that people used for measuring weight of other “stuff”. For the very beginning, look at this conversion:

In the following silver price Malaysia calculation, for simplicity sake, we will use 1 troy ounce = 31.1 grams. We will also call it ounce (oz) instead of troy ounce.

## Silver Price Malaysia – Conversion from Oz to Gram

To determine silver price Malaysia in ringgit, convert N number of oz to gram, you multiply N with 31.1. For example:
Convert 1 oz to grams = 1 x 31.1 = 31.1 grams.
Convert 3 oz to grams = 3 x 31.1 = 93.3 grams.
Convert 5 oz to grams = 5 x 31.1 = 155.5 grams.

This calculation is useful if the silver item is measured in oz but you are quoted silver price Malaysia in gram. By converting the weight of silver from oz to gram, it shows if an silver item is priced fairly.

For example, you are planning to buy a 2 oz coin and the respective website has published silver price Malaysia as RM 3.34/gram. The website is selling the coin for RM 310. So can you tell if the silver coin is priced fairly? Is this a low premium coin or a high premium coin? If high, how high? If low, how low? Let’s perform the following calculation:

Convert 2 oz to grams = 2 x 31.1 = 62.2 grams.
Calculate price for 62.2 grams silver in Ringgit = 62.2 grams x RM 3.34 = RM 207.75
Now, we can tell that the silver content in the coin worth RM 207.75.
The premium of the 2oz coin is RM 310.00 – RM 207.75 = RM 102.25
The premium in percentage is (RM 102.25 / RM 207.75) x 100 = 49.22%

You should be able to identify if the published silver price Malaysia premium is too high depending on the brand and mintage quantity. If you are a value-for-money silver investor and this 2oz coin is an less recognized brand in international market, you will want to skip this because you could buy other silver coins with lower premium and the silver coin that is recognized world widely. You should only buy this 2 oz coin if you are willing to pay for the numismatic value of the coin.

## Silver Price Malaysia – Conversion from Gram to Oz

To determine silver price Malaysia in ringgit, convert N number of gram to oz, you divide N with 31.1. For example:
Convert 1 kilo gram to oz = 1000 / 31.1 = 32.15 oz.
Convert 500 grams to oz = 500 / 31.1 = 16.08 oz.
Convert 250 grams to oz = 250 / 31.1 = 8.04 oz.

This calculation is useful if the silver is measured in grams but you can only check silver price Malaysia in oz. By converting the weight of silver from gram to oz, you can tell if an silver item is priced fairly.

For example, you are planning to buy a 100 gram silver bar and the international spot price is USD 33.67/oz. US Dollar to MY Ringgit conversion is 3.02. The website published silver price Malaysia as RM 375.00. So can you tell if the silver bar is priced fairly? Is this a low premium bar or a high premium bar? If high, how high? If low, how low? Let’s perform the following calculation:

Convert 100 grams to oz = 100 / 31.1 = 3.21 oz.
Calculate price for 3.21 oz silver in Ringgit = 3.21 oz x USD 33.67 x 3.02 = RM 326.40
Now, we can tell that the silver content in the coin worth RM 326.40.
The premium of the 100 gram bar is RM 375.00 – RM 326.40 = RM 48.60
The premium in percentage is (RM 48.60 / RM 326.00) x 100 = 14.91%

If you are a value-for-money silver investor, this is a reasonable deal. Premium for silver below 15% from spot price could be considered as low premium. Silver price Malaysia can be calculated easily if you follow these simple steps.

“Silver Price Malaysia” is a sample chapter from Practical Guide for: Investing Silver in Malaysia.

Silver Price Malaysia is simple if you follow the above formula. Practical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.