By Yihui Xie
Bloomberg News
Tuesday, May 26, 2026
Malaysia has imposed a 10% import duty on some gold bar shipments, according to traders familiar with the matter, disrupting the bullion trade in the Southeast Asian nation.
Some inbound cargoes have been charged a 10% duty since at least early May, traders and dealers said, asking not to be identified as they are not authorized to speak to the media.
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As a result, some shipments were held at customs or have been diverted elsewhere as the extra cost -- without a comparable rise in local gold prices -- would make the imports unprofitable, some of the people said.
Bank Muamalat Malaysia Bhd., a local Islamic bank that offers gold-investment products, said that whenever a 10% import tax on bullion is charged, the cost shall be transferred to customers, according to a statement this week. ...
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