How to get discount from Silver Bullion Malaysia?

Silver Bullion Malaysia is a subsidiary of Silver Bullion Singapore.  They have offices in KL, Johor and Penang.  Learn more about Silver Bullion and Silver Bullion Malaysia here.

They are one of the best places to buy gold, silver and platinum bullion in Malaysia.  Their prices are much cheaper than retail jewelers and goldsmiths. They also operate a loyalty program or “Discount Tier Program” whereby the more bullion you buy, the more discount you are entitled to.   You can read more about it here.

The discount depends on market conditions and can be up to 1% saving! That is quite a big discount for bullion.  You normally need to purchase large volumes of gold, silver and platinum to qualify for the discount. For example normally to qualify for Tier 3 discount you would typically need to spend RM 2.8 million (USD 700k) based on gold price of USD 1800/oz and silver price of USD 25/oz.