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Malaysia follows India’s example with new 10% import duty on LBMA gold bars
After India’s recent hike of import duties on precious metals, another large Asian market has followed suit: Malaysia’s customs department has announced that they will now target gold bars with a new tax, marking the country's first-ever import duty on bullion. The new policy creates a 10% customs tax on physical gold bars meeting London Bullion Market Association standards, and it takes effect on June 8, 2026, ending the country’s previous exemption on gold bullion import duties. The policy represents a sharp departure from Malaysia's longstanding attitude toward the yellow metal, as the country had never ... (full story)
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- May 27, 2026 12:21am Posted byFundamental Analysis185
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