How to Buy Gold in Singapore

A comprehensive guide to purchasing physical gold safely and confidently in Singapore

Types of Gold You Can Buy

Gold Bars

  • • 1g to 1kg sizes
  • • 999.9 purity
  • • Lower premiums
  • • From accredited refiners

Gold Coins

  • • Government minted
  • • 1oz to 1kg sizes
  • • Recognized globally
  • • Easy to store/sell

Gold Jewelry

  • • 22K (916) or 24K (999)
  • • Wearable investment
  • • Making charges apply
  • • Cultural significance

Where to Buy Gold in Singapore

Banks

  • • UOB, OCBC, DBS sell gold
  • • High security and trust
  • • Limited selection
  • • Higher premiums
  • • Safe deposit boxes available

Bullion Dealers

  • • Specialized dealers
  • • Competitive prices
  • • Wide product range
  • • Expert advice
  • • Buy-back guarantees

Jewelry Stores

  • • Poh Heng, Soo Kee
  • • Investment jewelry
  • • Craftsmanship included
  • • Traditional option

Online Platforms

  • • BullionStar
  • • Silver Bullion SG
  • • Compare prices easily
  • • Home delivery

Step-by-Step Buying Process

1

Research and Compare Prices

Use price comparison tools to find the best deals. Check spot prices and premiums charged by different dealers.

2

Verify Dealer Credentials

Ensure the dealer is licensed and reputable. Check reviews and business registration.

3

Choose Your Product

Select based on your budget, investment goals, and storage capabilities.

4

Make the Purchase

Pay via cash, bank transfer, or credit card. Larger purchases may require additional verification.

5

Secure Storage

Consider home safe, bank safe deposit box, or professional vault services.

Important Tips for Buyers

Golden Rules

  • • Always buy from reputable dealers
  • • Verify purity and authenticity
  • • Keep all purchase receipts and certificates
  • • Consider insurance for large holdings
  • • Understand the buy-back policy

Avoid These Pitfalls

  • • Buying from unlicensed dealers
  • • Paying above market premiums
  • • Not verifying authenticity
  • • Inadequate storage

Best Practices

  • • Compare multiple dealers
  • • Start with small purchases
  • • Build relationships with dealers
  • • Stay informed about market trends

Start Your Gold Investment Journey

Compare prices from trusted dealers across Singapore

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