Singapore Metal Prices Today
Prices in Dollars (SGD) · Reference market: Open SGX
Singapore mines nothing and manufactures little of what it trades — its entire role in the metals world is being a place everyone trusts equally.
Gold Price — Last 30 Days
Neutral Ground, By Design
Singapore built its metals-market role deliberately: English common-law contract enforcement, deep shipping and trade-finance infrastructure, and a location that's neither a major producer nor the dominant Chinese buyer. That neutrality is precisely why SGX became the world's largest venue for iron ore derivatives rather than a bigger economy doing it instead.
A Bullion Vault for the Region
Beyond derivatives, Singapore has built up serious physical gold storage capacity — the Singapore FreePort among them — positioning itself as a secure vaulting hub for Asian wealth in the same way Switzerland has long served Europe.
A Tax Change That Built a Market
Singapore removed GST entirely from investment-grade gold, silver and platinum in October 2012, treating them as financial assets rather than taxable goods — a deliberate move, since only about 2% of world gold demand flowed through Singapore beforehand, with an explicit government goal of growing that to 10-15% within a decade. A tax-policy decision, not a geological one, is what actually built Singapore's bullion-trading role.
Metals & Mining Industry
Singapore has no mineable land to speak of and essentially no domestic metals-refining industry — a small, densely built city-state was never going to be a producer. What it does have is infrastructure adjacent to production: Singapore hosts LME-registered warehouses that form part of the exchange's global delivery network, meaning physical metal genuinely sits in Singapore to settle London contracts, even though none of it came out of Singaporean ground. Major commodity trading houses, including Trafigura and Glencore's regional arms, run their Asia-Pacific operations out of Singapore, putting real trading and logistics muscle behind a country with zero mining output of its own.
Consumption & Trade
Singapore's own manufacturing base is too small to be a meaningful metals consumer — its role is almost entirely as a pass-through point. Enormous tonnages of metal move through Jurong Port and the country's bonded warehouses without ever being used domestically, re-exported to buyers across Southeast Asia and beyond. That entrepot function, built on trusted contract law and deep trade-finance infrastructure, generates real economic value even though barely any of the metal is consumed, refined or produced in Singapore itself — trading volume and physical throughput, not domestic industry, are the entire story here.
Did You Know?
Singapore Exchange's iron ore derivatives market barely existed as a serious global benchmark before 2009 — within about a decade it was trading a multiple of the world's entire annual seaborne iron ore volume.
Sources
- Singapore removed GST from investment-grade gold, silver and platinum in October 2012 — GST Exemption for Investment Precious Metals (2012)
- Only ~2% of world gold demand flowed through Singapore beforehand — GST Exemption for Gold & Silver in Singapore (2012)
- SGX became the world's largest venue for iron ore derivatives — How Singapore became the world's main iron ore trading hub in just 10 years (2018)
Frequently Asked Questions
The gold price in Singapore today is S$176.17 per gram as of September 17, 2026, converted from the live international spot rate into SGD.
No — Singapore doesn't mine or produce metals; its role is entirely in trading, refining logistics, and physical bullion storage.
Prices for Singapore are shown in Dollars (SGD), converted daily from live international spot rates — not a fixed or manually-updated exchange rate.
SGX (Singapore Exchange) is the nearest tracked reference market for Singapore. This doesn't mean prices on this site are sourced directly from it — see its market profile for how it actually works.
