Gold has long been considered a safe-haven asset for global investors, especially during periods of economic uncertainty. In Singapore, a leading financial center, gold prices are closely followed by both traders and the public.
Today’s Gold Prices (Per Gram)
| Type | Price (SGD) |
|---|---|
| 24K Gold | SGD 116 / g |
| 22K Gold | SGD 107 / g |
| 999 Gold (Maxi-Cash) | SGD 157 / g |
| 916 Gold (Maxi-Cash) | SGD 145 / g |
Factors Affecting Gold Prices
Gold prices are influenced by several factors, including:
- Global gold market trends
- USD exchange rate movements
- Geopolitical risks
- Inflation expectations
- Changes in interest rates
Tips for Buying Gold in Singapore
- Compare prices from different retailers (e.g., Maxi-Cash, SK Jewellery, Chow Tai Fook).
- Monitor exchange rates and price trends to determine the best time to buy.
- Be aware of craftsmanship fees, especially for jewelry. For investment gold bars, check purity and resale terms.
Conclusion
At present, the price of 24K gold in Singapore is around SGD 116 per gram. For those looking to preserve value or hedge against uncertainty, gold remains a reliable option. Stay informed on price movements and always purchase from reputable dealers.