Gold Price in Singapore Dollars (SGD) Today

Singapore has positioned itself as a premier gold trading hub in Southeast Asia, supported by its Investment Precious Metals (IPM) scheme that exempts qualifying gold from the 9% Goods and Services Tax. The IPM scheme, introduced in 2012, covers gold bars of 99.5%+ purity weighing at least 0.5 troy ounces and coins from recognized sovereign mints at 99.5%+ purity — making Singapore one of the most tax-friendly jurisdictions for gold investment in the region. UOB (United Overseas Bank) operates one of Southeast Asia's most popular gold savings accounts, allowing Singaporeans to buy and sell gold in SGD from as little as 5 grams. The Singapore Bullion Market Association (SBMA), established in 1993, promotes Singapore as a gold trading center and works with government agencies to develop the precious metals ecosystem. Singapore's freeport zone stores significant quantities of gold for regional and international clients, with Le Freeport at Changi Airport and other facilities offering tax-free, high-security vault storage. The Monetary Authority of Singapore (MAS) holds approximately 127 tonnes of gold reserves. Singapore's strategic location and status as a financial center make it a natural hub for gold flows between Australia (major producer), China/India (major consumers), and the Middle East.

Under Singapore's Investment Precious Metals (IPM) scheme, qualifying gold is exempt from the 9% GST. To qualify, gold bars must be at least 99.5% pure and weigh a minimum of 0.5 troy ounces. Coins must be 99.5%+ pure, produced by a refiner or mint approved by a recognized bullion association. Bars and coins that do not meet IPM criteria (such as gold jewelry or lower-purity items) are subject to the standard 9% GST. Singapore has no capital gains tax on any asset, including gold — gains from selling gold are completely tax-free for individuals. There is no wealth tax. The combination of GST-exempt purchase and zero capital gains tax makes Singapore arguably the most favorable jurisdiction in the world for physical gold investment.

UOB Gold Savings Account is the most popular retail gold product in Singapore, offering SGD-denominated gold with no storage hassle — gold is credited to your account and can be sold back or converted to physical bars. OCBC and other banks offer similar products. The physical bullion market includes dealers like BullionStar (a major online dealer with a walk-in shop in the River Valley area), Silver Bullion (which also stores for clients), and GoldSilver Central. The Singapore Freeport at Changi and Malca-Amit's Singapore vault cater to high-net-worth individuals and institutions seeking secure, tax-free storage. The SBMA runs the Singapore International Bullion Conference and works with the London Bullion Market Association to promote Singapore's refining and trading infrastructure. Singapore Mint produces commemorative gold coins but is not a major bullion coin producer. The MAS regulates gold trading under the Securities and Futures Act for derivatives, while physical gold sales are largely unregulated, though anti-money laundering rules apply for transactions above S$20,000.