How this calculator works
The calculator starts from the live 24K gold price per troy ounce, converted to MYR at the current exchange rate. Your weight is converted to grams (1 troy ounce = 31.1034768 g, 1 tola = 11.6638038 g), and the value is adjusted for purity — the multiplier is simply the karat divided by 24, so 22K/916 gold uses 22 ÷ 24 ≈ 0.9167. The formula: value = grams × pure gram price × purity, plus any premium and minus any discount you enter.
In Malaysia, 22K gold is almost always sold under the 916 hallmark. Malaysian jewellers publish a 916 price per gram that is updated daily, derived from the international spot price and the USD/MYR exchange rate, plus a retail margin and workmanship (upah) charges.