What is a Gold Storage Account (GSA)?

The Gold Storage Account (GSA) is WDG's digital gold ownership account that enables members to conveniently buy, hold, transfer, and sell gold through the WDG platform.

When you purchase gold, your Malaysian Ringgit (MYR) is converted into gold based on the prevailing WDG Sell Price, and your gold ownership is credited to your GSA in grams. When you decide to sell your gold, your gold holdings are converted back into Malaysian Ringgit (MYR) using the prevailing WDG Buy Price.

Your gold holdings are securely maintained within your Gold Storage Account, allowing you to conveniently monitor your balance and manage your transactions anytime through your WDG account.

Why Choose a Gold Storage Account (GSA)?

A Gold Storage Account provides members with a convenient and transparent way to own and manage gold digitally.

✔ Affordable to Start

Begin your gold ownership journey with a minimum purchase of only RM10.00, making gold ownership accessible to everyone.

✔ Transparent Pricing

Every transaction is calculated using the latest WDG trading price, allowing members to clearly view the applicable buy and sell prices before confirming a transaction.

✔ Accurate Gold Ownership

Each purchase is converted into gold and recorded up to 5 decimal places, ensuring precise calculation of your gold holdings.

✔ Convenient Payment Options

Purchase gold easily using:

• FPX (Online Banking)

• Direct Bank Transfer

✔ Manage Your Gold Anytime

Your Gold Storage Account allows you to conveniently view your gold balance and perform transactions directly through your WDG account whenever you need.

Buy Gold Example

The following example illustrates how the amount of gold received is calculated.

Purchase Amount

RM3,000.00

Current Trading Price

• WDG Sell Price: USD64.74 per gram

• Exchange Rate: USD1 = MYR4.60

• Gold Price: MYR297.80 per gram

Calculation

Gold Received (grams)

= Purchase Amount ÷ Gold Price

= RM3,000.00 ÷ RM297.80

= 10.07388 grams

The member will receive 10.07388 grams of gold, which will be credited into their Gold Storage Account.

Important Notes

• Gold prices are updated based on prevailing market conditions.

• Buy and sell prices differ due to the applicable spread.

• All transactions are executed using the WDG trading price available at the time the transaction is successfully confirmed.

• Gold balances are displayed in grams and recorded up to 5 decimal places.

• Members are encouraged to review the displayed gold price before confirming each transaction.

• Cash Deposit Machine (CDM), debit cards, credit cards, and prepaid cards are not accepted as payment methods for purchasing gold.