How Much is PublicGold’s Silver Spot Price?

I have been asked this question many times over dining table. Today we will look into how to calculate PublicGold’s spot price for their Silver bar product.

^ Prices published by Publicgold on 07/10/2011

We will take 250 grams as example. The steps to calculate PublicGold’s silver spot price are as followed:

Step 1: Calculate Silver Spot Price in Ringgit Malaysia

At current time of writing, the price is USD $31.95/oz. PublicGold’s US dollar exchange rate is 3. Therefore, USD $31.95 x 3.0 = RM95.85/oz
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