Why there is big spread in Gold?

[ch tayyab]

The higher the spread translate to the more �expensive� it is to trade with the vendor while the lower the spread is the vice versa. Many of the time, we won�t feel the pinch immediately after purchasing our bullion. This is because most of the time, we don�t sell it back on that day same day that we bought. But if you happened to do that for whatever reason, you will immediately lose out the spread. This is where the vendor makes their profits.

Now that we understand what spread is, let�s investigate some of the spread available in our shore. The gold closed at USD$1,593.00/oz while the silver is at USD$39.23/oz as I am typing this. The above example is actually the actual buy/sell price from Maybank. Let�s us deep dive into the rest of the sizes available for Kijang Emas.