Gold price oh Gold price

Why so big different???

Local bank and foreign bank.

This is the price from UOB:

Gold Prices

Gold Investment Accounts

Last updated 12/11/2012 09:08. The Prices shown here are indicative only and are subject to change without prior notice. They are not to be taken as an offer to contract. United Overseas Bank Group shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.

Item	Size	Bank Selling (RM)	Bank Buying (RM)
Premier Gold Account	1 KG	171800.00	170800.00
Gold Savings Account	1 GM	172.60	170.60

Link: http://www1.uob.com.my/business/GMIM/GMIM_pga.html

This is the price from Maybank:

Maybank Gold Investment Account

DATE SELLING (RM/g) BUYING (RM/g)

12-Nov-12 174.58 167.23

Last update : 12-Nov-12 at 08:50:14 AM

Link: http://www.maybank2u.com.my/mbb_info/m2u/public/treasuryRates.do?chCatId=/mbb/Personal/INV-Investment&programId=INV03-Gold&cntTypeId=0&cntKey=INV03.03

This is the price from Pbbank:

Gold Investment Account as at 12/11/12 11:00 AM

	Selling Price	Buying Price
1 gram	RM 174.9700	RM 168.1200

Disclaimer:
The gold prices displayed are indicative prices and for reference only. Customers are advised to check for the latest prices with your account holding branch or via our Online Gold Trading service before performing any gold purchase or sale transactions.

Link: http://www.pbebank.com/en/en_content/personal/rates/goldinvest.html

I thought LOCAL bank should offer better service and rate. However, you can see it is different from what I think.

UOB sell the gold to me is cheaper and buy back is higher.