Gold Price Today in Singapore - Live 22K & 24K Rates (July 2026)

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FAQs - Gold Price Today in Singapore

. What is the gold price today in Singapore per gram?

As of July 16, 2026, the gold price in Singapore is S$152.90 per gram for 24 karat (999 fine), S$152.90 per gram for 22 karat (916 fine), and S$152.90 per gram for 18 karat (750 fine). These prices are based on the international LBMA spot price converted to Singapore Dollars at the current exchange rate. Prices update continuously during market hours and are influenced by the USD/SGD exchange rate, regional gold demand, and global factors like US Federal Reserve policy.

. Is there GST on gold purchases in Singapore?

Singapore offers 0% GST on investment-grade gold (minimum 995 fineness or 99.5% purity), including gold bars, coins, and granules. This exemption has been in place since October 2012 to promote Singapore as a regional gold trading hub. However, gold jewelry attracts 9% GST regardless of purity (916, 750, etc.). The GST exemption on investment gold saves buyers 9%, making a S$10,000 gold bar purchase cost exactly S$10,000, while a S$10,000 jewelry purchase costs S$10,900 after GST. This policy makes Singapore highly competitive for gold investment compared to neighboring countries where gold faces import duties.

. Where is the best place to buy gold in Singapore?

The best places to buy gold in Singapore include: (1) UOB/OCBC Gold Savings Accounts - Ideal for fractional ownership starting from S$1, with 0% GST and bank vault storage. Spreads are 2-3% over spot. (2) Singapore Mint - Government-produced 999.9 bars and coins with 3-5% premiums, available at their showroom or online. (3) Bullion Dealers (BullionStar, GoldSilver Central) - Competitive pricing on international bars (PAMP Suisse, Credit Suisse) with allocated storage options. (4) Chinatown Gold Shops - Traditional retailers offering immediate delivery, negotiable pricing, and buyback guarantees. For investment gold, bank accounts offer convenience while physical dealers provide better pricing for larger purchases (100g+).

. What is the difference between 999, 916, and 750 gold in Singapore?

In Singapore's gold market, 999 gold (also called 24 karat or 24K) is 99.9% pure gold, used exclusively for investment bars and bullion coins. It qualifies for 0% GST exemption. 916 gold (22 karat or 22K) contains 91.6% pure gold with 8.4% alloy metals for strength, commonly used in Indian and Malay jewelry sold in Little India and Geylang Serai. It attracts 9% GST. 750 gold (18 karat or 18K) is 75% pure gold, the Western standard for fine jewelry popular in Chinatown and Orchard Road, also subject to 9% GST. The number (999, 916, 750) represents parts per thousand of pure gold, with 999 being the purest and most suitable for investment.

. Can foreigners and tourists buy gold in Singapore?

Yes, foreigners and tourists can freely purchase gold in Singapore from banks, bullion dealers, and retail shops without restrictions. Singapore imposes zero import duty on gold and welcomes international buyers. Tourists should note: (1) Investment gold bars (999 fineness) carry 0% GST, making Singapore very competitive. (2) Gold jewelry has 9% GST. (3) When leaving Singapore, declare gold exceeding S$20,000 value to customs. (4) Check your destination country's import duties—many nations impose duties on gold (Malaysia 5%, India 12.5%). (5) Keep purchase invoices from Singapore dealers as proof of origin for destination customs. Popular purchases by tourists include Singapore Mint coins, UOB gold accumulation accounts (accessible online from abroad), and LBMA-certified bars for international recognition.

. How do UOB and OCBC gold savings accounts work in Singapore?

UOB Gold Savings Account and OCBC Gold Account allow Singaporeans to invest in gold without physical delivery hassles. You can purchase any SGD amount of 999 gold (from S$1 upward) through internet banking, mobile app, or branch counters. Gold is stored in bank vaults at 0% GST, and you own a specific quantity of grams reflected in your account statement. You can sell back to the bank anytime during banking hours at current market price (typically 2-3% spread both ways). For physical delivery, accumulate minimum 100 grams, pay conversion fees, and collect bars from designated branches. Benefits include: fractional ownership, professional storage, instant liquidity, 0% GST, no minimum commitment. Best for dollar-cost averaging (monthly S$200-500 purchases) rather than lump sum investing.

. How much does gold jewelry cost in Singapore including GST and making charges?

Gold jewelry pricing in Singapore includes: (1) Gold content cost (weight × purity × current gold rate), (2) Making charges (S$8-40 per gram depending on design complexity and shop), (3) Gemstone costs if applicable, and (4) 9% GST on the total. Example: A 20-gram 916 gold bangle costs: Gold (20g × S$152.90 = S$3,604) + Making charges (S$10-15/g × 20g = S$200-300) = S$3,804-3,904 subtotal, plus 9% GST (S$342-351) = Total S$4,146-4,255. Making charges vary by location: Chinatown shops (S$8-12/g), Little India jewelers (S$10-15/g for standard, S$25-40/g for temple jewelry), chain retailers like Poh Heng (S$12-18/g), and Orchard Road luxury brands (200-500% premiums over gold content). Always ask for itemized breakdown showing gold cost, making charges, and GST separately.

. What is the best way to store gold in Singapore?

Singaporeans have several gold storage options: (1) Bank Safe Deposit Boxes - Cost S$80-350/year depending on size, provide vault security and fire protection, but contents are NOT insured by banks or SDIC. Access limited to banking hours. (2) Home Safe - Purchase fireproof safes (S$500-3,000) bolted to floor. Immediate access but requires home insurance (check precious metals coverage limits). (3) Allocated Storage with Bullion Dealers - BullionStar or GoldSilver Central charge 0.5-0.6% annually with full insurance, 24/7 access, and ability to sell without physical retrieval. (4) UOB/OCBC Gold Accounts - Gold stored in bank vaults automatically, no separate storage fees, but 2-3% spreads apply when buying/selling. For amounts under S$10,000: home safe. For S$10,000-50,000: bank safe deposit box. For S$50,000+: professional allocated storage with full insurance.