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Malaysia Levies 10% Tariff on Gold Bar Imports, Disrupting Regional Trade

Malaysia has introduced a 10% import duty on gold bar shipments, disrupting the Southeast Asian bullion market. The tariff has applied to incoming cargoes since at least early May, according to traders and dealers operating in the region. The new levy comes as gold prices reached record highs earlier in 2026, spurring investor demand throughout Asia. Traders familiar with the policy said the duty affects both domestic importers and international bullion dealers. The Malaysian government has not publicly detailed the rationale behind the duty implementation.