Question 1

Savings Gold (999) vs Jewelry Gold (916)?

Accepted Answer

For savings or investment purposes, 999 gold (24K) is significantly better. Jewelry gold 916 (22K) comes with high craftsmanship costs and a larger spread (depreciation) of up to 20-30% when sold back. Public Gold's 999 gold has maximum purity and a low spread, making it ideal for profit and long-term value protection.

Question 2

What is the GAP Gold Account?

Accepted Answer

The GAP (Gold Accumulation Program) account is a Shariah-compliant method of accumulating physical gold (999.9 purity) incrementally. You can start with as little as RM100. There are no monthly commitments and no storage fees. The accumulated gold can be withdrawn as physical gold bars or dinars at any Public Gold branch.

Question 3

What is the difference between Dinar and Gold Bar?

Accepted Answer

The main difference is simply in shape and standard weight. Dinar is round and follows a specific weight standard (1 Dinar = 4.25 grams). Gold Bar is rectangular and measured in grams (10g, 20g, 50g, 100g, etc). Both are made of the exact same 999.9 (24K) Shariah-compliant gold.

Question 4

What happens if the account holder passes away?

Accepted Answer

Your gold savings are not lost. They become part of your estate. Legal heirs can claim the remaining gold in the GAP account or settle any outstanding physical gold payments by bringing the required documents to a Public Gold branch, such as: Death Certificate Heir's Identity Card Marriage Certificate (for spouse) or Birth Certificate Letter of Administration (Court/Amanah Raya)

Question 5

What is Gold Spread (Depreciation)?

Accepted Answer

Spread is the difference (percentage) between the Selling Price (PG Sell) and the Buyback Price (PG Buy) at any given time. For example, if the company sells at RM100 and buys back at RM90, the spread is 10%. A lower spread is better because you only need a small increase in the market price to break even and start making a pure profit when you eventually sell.

Question 6

Is Public Gold legitimate & Shariah-compliant?

Accepted Answer

Yes, Public Gold is fully legitimate, registered, and strictly Shariah-compliant. Shariah-Compliant: All physical gold transactions (including the GAP account) are endorsed by the Shariah advisory panel Amanie Advisors Sdn Bhd, an internationally recognised Shariah advisory firm. Internationally Recognized: Public Gold offers gold accredited by the LBMA (London Bullion Market Association), ensuring it is globally accepted without issues.

Question 7

When is the best time to buy gold?

Accepted Answer

The best time to buy gold is when you have surplus cash that you won't need in the near future. Many make the mistake of waiting for the "price to drop" to start. The truth is, no one knows tomorrow's price. Gold is a long-term saving (at least 3-5 years), so the best time to start is now.

Question 8

Is zakat mandatory for gold savings?

Accepted Answer

Yes, it is mandatory to pay zakat if your gold savings meet the criteria. For investment gold (whether in a GAP account or physically in hand), if the total weight reaches 85 grams (nisab) and is held for a full year (haul), you must pay zakat at a rate of 2.5% of its current value. This is a religious obligation to purify your wealth.

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