18th September 2026 - 6 min read
Gold has been the default gift for weddings, newborns and Raya in Malaysia for generations, usually as a bangle or a small bar from a jeweller. Tomei’s GoldNow app has added two features that move that habit onto your phone. Gold Gifting sends gold to another person’s GoldNow account from 0.001g. Gold savings pots buy gold for you every month by auto debit towards a named goal, such as Umrah or a child’s education.
GoldNow launched in February 2026 as Tomei Group’s Shariah-compliant gold accumulation app. You buy 999.9 purity gold from 0.1g at a time, it sits in a vault at no storage charge, and once you hold enough you can redeem it as physical gold in weights from 1g to 1,000g at all Tomei branches. On 4 September 2026, gold was around RM582 a gram, so buying the 0.1g minimum on GoldNow cost roughly RM58 at the market price that day.
Gold Gifting works for the occasions where you would otherwise buy a gold bangle or slip cash into an ang pow or duit raya packet. You pick a recipient from your contacts inside the app, choose an amount from 0.001g upwards, and send it. At today’s purchase price, 0.001g is worth about 60 sen, so the floor is low enough to send a token amount to a colleague as well as a proper gift to a niece.
Once you’ve created your gift, you can send it directly to your recipient via WhatsApp, SMS or WeChat. They will receive a gift code, which they can use to redeem the gold instantly.
GoldNow accounts are only available to people aged 18 and above, so gold cannot be sent to a child’s own account. The recipient can keep adding to the balance, sell it through the app, or redeem it at a Tomei branch once they reach 1g. Any unclaimed gold will lapse after the expiry date set when the gift is created.
A gold savings pot is a standing order that buys gold instead of moving cash. You name the goal, set a timeline of up to 120 months, link a debit or credit card, and pick the date each month the contribution goes through. The pot then buys whatever weight of gold your contribution covers at that month’s price. You can run several pots at once, so Umrah and school fees can sit side by side without mixing.
The table below shows what a RM100 monthly contribution could buy over 24 months. GoldNow charges 1% on every contribution, so RM99 would be available for the gold purchase from each RM100 contribution. The table holds the gold price flat in each row to show how much gold you could accumulate at different price levels. In practice, the price will fluctuate each month, so the amount of gold you receive will vary.
| Gold price per gram | Gold bought each month (RM99) | Total after 24 months | Cash paid in |
| RM500 | 0.198g | 4.75g | RM2,400 |
| RM582 | 0.170g | 4.08g | RM2,400 |
| RM650 | 0.152g | 3.66g | RM2,400 |
Each contribution buys at the prevailing market price on the day it goes through, so the weight in your pot will differ depending on where the price sits that month.
Buying the same ringgit amount every month means you pick up more gold when the price dips and less when it rises, which averages out what you pay per gram over the life of the pot. Geh Yang Chia, chief executive officer of Tomei Digital, put it this way: “Rather than attempting to predict market movements, we encourage users to accumulate regularly over time. By contributing consistently, users can average their accumulation cost across different market conditions.”
Redemption carries a fee that scales with the weight you collect. For weights up to 100g, it is RM10 for anything from 1g to 10g, RM15 for 20g, and RM30 for both 50g and 100g. On a 1g bar, RM10 is about 1.7% of the gold’s value at RM582 a gram. The RM30 fee on 100g works out to less than 0.1%, so collecting in larger weights costs you less per gram. The app shows the fee for heavier redemptions before you confirm.
Vault storage is free while your gold sits in the app. If you redeem and want to keep it in a safe deposit box along with your other valuables, that costs RM500 a year and comes with secured vault services and an optional insurance package. Redeemed gold is collected in person at the branch with your IC, after seven to 14 working days. Redemption is available nationwide at all Tomei outlets, including Sabah and Sarawak.
A gold savings pot is a purchase plan designed to help you accumulate gold over time, rather than a traditional deposit or interest-bearing account. While gold does not pay interest or dividends, it has long been viewed as a store of value and can play a role in preserving purchasing power over the long term, particularly during periods of inflation or economic uncertainty.
Like any asset, the gold price can move up and down, so the value of your pot may be higher or lower than the amount you’ve contributed when you eventually sell. Gold can complement other financial products as part of a diversified financial plan, with each serving a different purpose. As it is not a bank deposit, a gold savings pot is not protected by PIDM. Customer funds are held by MTrustee, a registered trust company, while the vaulted gold is insured against specified risks including fire, flood, theft and burglary.
GoldNow says it plans to connect pot holders with service providers that match their savings goals, such as wedding vendors for those saving towards a wedding, as well as Umrah and education providers.
While these partnerships are not live yet and no launch date has been announced, users can already start building their savings pots towards these goals in preparation for when the services become available.
Gold Gifting is designed for those who want to give a meaningful gift in the form of gold, with a low entry point from as little as 0.001g, without having to spend hundreds or thousands of ringgit upfront. Gold savings pots suit people who want a fixed monthly habit for a goal a few years out and are comfortable that the value moves with the gold price.
For an emergency fund or money needed within a year, a high-interest savings account or fixed deposit remains the better home.
The GoldNow app is on the App Store and Google Play.
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Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.
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