Physical gold prices in Malaysia surged RM13.68 to reach RM529.86 per gramme at 9.30 am, marking a significant increase from the previous day's close of RM516.18.
The sharp rise in local bullion values mirrors a broader global uptrend in precious metals.
7% to $4,057.92 per ounce on Thursday, supported by a combination of softer-than-expected US jobs data and declining oil prices.
Spot gold advanced 0.7% to $4,057.92 per ounce on Thursday, supported by a combination of softer-than-expected US jobs data and declining oil prices.
Investors are increasingly turning to gold as a safe-haven asset amid growing market caution.
The precious metal's advance reflects a shift in sentiment as traders seek protection against economic uncertainty and currency volatility.
In other markets, gold futures also showed resilience, recovering marginally after a sharp selloff.