Gold Price Today in Singapore

Live prices via TradingView · Page reviewed

The live table shows the gold price in Singapore dollars for 999 (24K) gold per gram, 10 grams, ounce, 100 grams and kilogram, plus 916 and 750 per gram. Investment-grade bars and coins are exempt from GST in Singapore, so dealer prices for bullion sit close to these figures plus a small premium; jewellery adds workmanship and 9% GST.

Live gold rate in Singapore (SGD)

Weight & purityLive price
999 gold · 1 gramlive
999 gold · 10 gramslive
999 gold · 1 troy ouncelive
999 gold · 100 gramslive
999 gold · 1 kilogramlive
916 gold · 1 gramlive
916 gold · 10 gramslive
750 gold · 1 gramlive

Live XAU/SGD (TradingView FX_IDC:XAUSGD) scaled to each weight and purity. International parity: the live world gold price converted at the current exchange rate, scaled by weight and purity. It excludes local dealer premiums, taxes and making charges. How we calculate

How gold is priced in Singapore

Singapore has no import duty on gold and a free-floating, heavily traded currency, so local bullion prices follow the world market closely. Dealers take the spot price in US dollars, convert it at the live USD/SGD rate, and quote a buy price and a sell price around it. The gap between the two, and the premium over spot, depends on the product: kilobars and 100-gram bars from well-known refiners carry thin premiums, while small bars, coins and gift items cost more per gram.

Jewellers price differently. A goldsmith's counter in Chinatown or Little India shows a daily rate per gram for 999 and 916 gold, then adds a workmanship charge per piece or per gram. The 916 rate is usually set a little above the pure gold content, because the alloy and the jeweller's margin are built into it.

GST: bullion versus jewellery

Since 1 October 2012, investment precious metals (IPM) have been exempt from GST in Singapore. To qualify, gold must generally be at least 99.5% pure and in the form of bars, wafers or coins that meet the conditions set by IRAS. This made Singapore a regional storage and trading hub for bullion.

Jewellery is not IPM. Rings, chains and 916 bangles are standard-rated, so GST (9% since 1 January 2024) is charged on the full selling price, including the gold value and the workmanship. Tourists can claim a GST refund on eligible purchases from participating retailers under the Tourist Refund Scheme, subject to its minimum spend and conditions.

Units and purities used locally

TermMeaningTypical use
999 / 999.924K, at least 99.9% goldBars, coins, some Chinese-style jewellery
91622K, 91.6% goldBangles, chains, Indian and Malay wedding sets
75018K, 75% goldDiamond and gem settings
Troy ounce31.1035 gCoins and international quotes
Tael (local use)Around 37.8 g in traditional Chinese use; check with the shopOlder family gold, some Chinese goldsmiths

Most retail quotes today are per gram. When a shop quotes per tael, confirm the gram weight it uses before comparing.

Where people buy gold in Singapore

  • Bullion dealers sell bars and coins with published buy and sell prices, often with vault storage. Look for clear buy-back terms and the refiner's assay certificate.
  • Banks have offered gold savings accounts and physical bars to customers; product ranges change, so check the bank's current offer.
  • Jewellers cluster in Chinatown (South Bridge Road and People's Park), along Serangoon Road in Little India, and in malls island-wide. Mustafa Centre is a long-standing destination for 22K Indian-style jewellery.

Worked example (illustrative)

Suppose the parity price is S$5,380 per ounce and a dealer sells a 1-ounce coin at a 2% premium, while a jeweller sells a 10 g 916 chain at S$158 per gram plus S$120 workmanship:

PurchaseCalculationAmount
1 oz bullion coinS$5,380 × 1.02S$5,487.60
GST on the coinIPM exemptS$0.00
916 chain, gold10 g × S$158S$1,580.00
WorkmanshipfixedS$120.00
GST on the chain9% of S$1,700S$153.00
Chain totalS$1,853.00

All figures are examples, not today's prices. The jewellery price calculator runs the same sum with your numbers.

Tips before buying

  • Compare the dealer's sell price with the parity figure above to see the premium you pay.
  • Ask what the dealer would pay you back today; the buy-sell spread is your real cost of owning a small bar.
  • For jewellery, get the gold weight, purity and workmanship listed separately on the receipt.
  • Products below 99.5% purity, including 916 coins and jewellery, generally do not qualify for the IPM exemption.

Frequently asked questions

Is there GST on gold in Singapore?
Investment-grade gold bars, wafers and coins of at least 99.5% purity that meet IRAS conditions are GST-exempt. Gold jewellery is standard-rated and attracts GST on the full price.
Is gold cheaper in Singapore than in Malaysia or India?
For bullion, Singapore is close to world parity because there is no import duty and no GST on investment gold. India adds 6% customs duty plus 3% GST. For jewellery, the workmanship charge usually matters more than the country.
What does 916 mean on Singapore jewellery?
916 means the item is 91.6% gold, equivalent to 22K. It is the common purity for bangles and chains sold in Little India and many neighbourhood goldsmiths. See our 916 gold guide.
Why does the dealer's price differ from the table?
The table shows live international parity. Dealers add a premium for fabrication, distribution and margin, and quote a lower price when buying back.
Can tourists get GST back on gold jewellery?
Tourists can claim GST refunds on eligible goods bought from retailers participating in the Tourist Refund Scheme, provided the minimum spend and other conditions are met. Ask the shop before paying.