Gold Price in Singapore Today (SGD)

Gold in Singapore: local context

Singapore has built itself into one of Asia's main precious-metals hubs, with bank vaults, refiners and bullion dealers serving investors from across the region. Jewellery shops in the city typically display a daily price per gram for 916 (22K) gold, the purity favoured for traditional Chinese and Indian wedding jewellery, while bullion dealers quote bars and coins against the international price per troy ounce.

A key local rule is the Investment Precious Metals (IPM) exemption: since 1 October 2012, qualifying investment-grade gold (at least 99.5% pure), silver (99.9%) and platinum (99%) bars, ingots and coins are exempt from Goods and Services Tax. Jewellery and lower-purity items are not, so GST is added on top of the metal price, design and making charges. Check the Inland Revenue Authority of Singapore (IRAS) for the current rules before you buy.

Unlike most central banks, the Monetary Authority of Singapore manages the Singapore dollar against an undisclosed basket of trading-partner currencies rather than setting an interest rate. That framework has tended to keep the SGD steadier than many regional currencies, so gold in SGD usually follows the US-dollar gold price closely, with the USD/SGD rate adding a smaller second layer of movement.

How this price is calculated

Live: spot $4,072.10 per troy ounce × 1.2776 SGD per USD ÷ 31.1035 = S$167.26 per gram of pure gold. Each purity multiplies this by its gold content (for example 22K = 22 ÷ 24 = 91.67%), and each unit multiplies by its weight in grams. Figures are the value of the gold content only; local retail, jewellery and buy-back prices differ.

To value a piece you own in SGD or another currency, use the gold value calculator. For the global picture see the gold price today page, the live gold chart and our gold forecast.