In simple words, 916 means the gold is 91.6 grams pure gold per 100 grams. The price of gold is different in every nation due to varied factors like customs duties, currency exchange, taxes ...
Gold Price Today: Good news for yellow metal buyers as gold prices witnesses a drop, with 10 grams of 24-carat gold ...
The current market price for 999 gold in Malaysia is approximately RM430 per gram, while 916 gold is about RM 410 per gram.
Yellow metal buyers have to spend more as gold prices surge, with 10 gm of 24-carat gold witnessing a surge on Thursday.