Editor’s Note
This article highlights the Malaysia Gold Association’s view that the country’s favorable policies, established industrial ecosystem, and forthcoming regulatory framework position it as a potential global hub for physical gold trading.
The Malaysia Gold Association stated that Malaysia’s friendly business policy environment, well-developed industrial ecosystem, and the upcoming Malaysia Gold Industry Principles (MGIP) give the country the potential to develop into a global hub for physical gold trading.
Wong Chun Ho, President of the Malaysia Gold Association, speaking at the Malaysia Gold Conference in Kuala Lumpur, said that consistent government policies have driven healthy growth in the precious metals industry, including gold.
Wong said the MGIP is expected to be officially launched in the third quarter of this year. It will strengthen governance, enhance transparency, and boost confidence in the domestic gold market by focusing on quality standards and the responsible operation of dealers and retailers.
He stated that although this initiative is voluntary, it will help shape a more credible and standardized gold trading ecosystem.
Wong said the MGIP will serve as the foundation for self-regulation in Malaysia’s precious metals industry, covering responsible sourcing, ethical conduct, consumer protection, and aligning with global compliance expectations.
