Gold Price in Singapore
As of the latest trading session, the gold price in Singapore as of October 8, 2025 stands around:
- SGD $3,160 – $3,190 per troy ounce for 24-karat (pure) gold.
- SGD $101 – $103 per gram for 24K gold, depending on market fluctuations and dealer premiums.
- 22-karat gold is trading near SGD $93 – $95 per gram, commonly used for jewelry in Singapore.
These rates reflect retail bullion and jewelry prices adjusted from the global spot market, which is currently around USD $3,985 per ounce internationally.
📍 Key Insights[edit | edit source]
1. Singapore’s Role in the Gold Market[edit | edit source]
Singapore is one of Asia’s major gold trading hubs, hosting leading refineries and bullion dealers. The Singapore Bullion Market Association (SBMA) helps ensure transparent pricing and global-standard purity verification.
2. Local Factors Affecting Prices[edit | edit source]
- SGD–USD exchange rate: Since gold is priced globally in US dollars, any weakening of the Singapore dollar pushes local prices higher.
- Demand trends: Strong seasonal jewelry demand during weddings and festivals can raise retail premiums.
- Investment activity: Growing interest in gold ETFs and physical bullion among Singaporean investors keeps daily turnover active.
📈 What’s Driving the Current Gold Price Surge[edit | edit source]
- Global Economic Uncertainty – Inflation concerns and geopolitical risks have increased investor demand for safe-haven assets like gold.
- Interest Rate Outlook – Expectations of stable or declining global interest rates reduce the opportunity cost of holding gold.
- Asian Market Demand – Rising consumption across Asia, especially in China and India, supports higher global prices.
- Strong Bullion Buying in Singapore – Local investors view gold as a hedge against currency volatility and inflation.
🪙 Typical Retail Pricing in Singapore[edit | edit source]
| Purity | Price Range (per gram, SGD) | Typical Use |
|---|---|---|
| 24K (999.9) | 101 – 103 | Investment bars & coins |
| 22K | 93 – 95 | Fine jewelry |
| 18K | 76 – 79 | Ornaments & mixed jewelry |
| 14K | 60 – 63 | Everyday wear jewelry |
(Rates vary slightly among dealers and change daily with the global spot price.)
📅 Outlook[edit | edit source]
Market analysts expect gold prices in Singapore to remain elevated in the near term due to persistent global uncertainty and resilient investment demand. However, short-term corrections may occur as global interest rates and currency movements shift.