Public Gold, the premier precious metals trading company in Malaysia, has launched its own state-of-the-art gold refinery center with a groundbreaking ceremony at the Phase 1 Industrial Zone of Batu Kawan, Penang. The event was officiated by His Excellency, Dato’ Wira Louis Ng, Honorary Consul of Kazakhstan in Penang and the Founder and Executive Chairman of Public Gold Group (PG Group), and President of Malaysia Gold Association (MGA).
Since its inception in 2008, Public Gold has focused on B2C precious metals trading, amassing 1.3 million customers across Southeast Asian countries such as Malaysia, Singapore, Indonesia, and Brunei.
Expanding into B2B trading and minting, Public Gold Mint—operating under PG Group—has produced a range of gold and silver products for private and government corporations through customized services. Managed by in-house experts, Public Gold Mint offers integrated minting services covering tooling, design, dies, and production of bullions and coins.
To meet rising global demands for gold, Public Gold is expanding its upstream operations with a new refinery center, integrating minting and refining to streamline its supply chain and core trading businesses.
Situated on a 1.1-acre plot with a 48,000 sq. ft. build-up area in Batu Kawan, Penang, the new gold refinery center aims to produce 10 tonnes of refined gold annually, valued at RM4 billion, potentially increasing to 20 tonnes per year. Construction is set to commence this month, with completion expected within 18 months.
Public Gold is currently a Foreign Market Associate Member of the Singapore Bullion Market Association (SBMA) and aspires to qualify for “The London Good Delivery List of Acceptance Refiners” to enhance its global market presence.
According to Dato’ Wira Louis Ng, Founder and Executive Chairman of Public Gold Group, and President of Malaysia Gold Association (MGA), the refinery center will not only boost revenues but also stimulate the state economy by attracting international investors to Penang, thereby enhancing its position as Malaysia’s premier gold industrial hub.
Moreover, the refinery is expected to create job opportunities for locals and expatriates, fostering a diverse and collaborative working environment.
This significant investment underscores Public Gold’s commitment to excellence and its pivotal role in advancing Malaysia’s precious metals industry.
