Singapore Gold Price Today: 22K, 24K Rates per Gram (Updated)

Gold prices in Singapore vary widely between dealers, and the difference between a jeweller’s indicative rate and a pawnbroker’s price can exceed SGD 50 per gram. This guide breaks down today’s indicative rates for 24K, 22K, and 18K gold, explains why prices diverge, and helps you decide where to buy — whether you’re a local investor or a tourist looking for a deal.

Joyalukkas 24K per gram: SGD 182.90 (Joyalukkas, a jewellery retailer) ·
Joyalukkas 22K per gram: SGD 167.60 (Joyalukkas) ·
Joyalukkas 18K per gram: SGD 137.30 (Joyalukkas) ·
ValueMax 999 (24K) per gram: SGD 239.00 (ValueMax, a licensed pawnbroker) ·
ValueMax 916 (22K) per gram: SGD 224.00 (ValueMax)

The table below compiles key price data from verified sources, revealing the divergence between jewellers and pawnbrokers.

How much is 1 gram of gold in Singapore?

What is today’s 24K gold price per gram?

• Joyalukkas Singapore lists 24K gold at SGD 182.90 per gram as of the latest update (Joyalukkas, a jewellery retailer).
• ValueMax, a pawnbroker chain, shows a markedly higher price of SGD 239.00 for 999 (24K) gold (ValueMax, a licensed pawnbroker).
• These are indicative rates; the final transaction price may include a premium or making charge.

What is today’s 22K (916) gold price per gram?

• Joyalukkas offers 22K (916) gold at SGD 167.60 per gram (Joyalukkas).
• ValueMax lists 916 gold at SGD 224.00 per gram (ValueMax).
• The wide spread between these two dealers underscores the importance of shopping around.

How do 18K and 14K prices compare?

• Joyalukkas quotes 18K at SGD 137.30 per gram (Joyalukkas).
• 14K gold (58.5% purity) is also available but less commonly displayed; prices are roughly proportional to gold content.
• The lower karatage makes jewellery more affordable but also less pure.

What factors influence the daily gold rate in Singapore?

• The international spot price (in USD) is the primary driver. BullionStar provides live spot charts in SGD per gram (BullionStar, a bullion dealer).
• Local premiums reflect dealer margins, product type (bar vs coin vs jewellery), and market demand.
• Singapore’s 9% GST applies to most gold purchases, but investment-grade bullion from approved suppliers may be exempt (UOB Singapore, a bank).

Is Singapore gold cheap?

How does Singapore’s gold price compare to Malaysia?

• Malaysia imposes a 6% sales tax on gold jewellery, while Singapore’s 9% GST is often exempted for investment-grade bullion from approved dealers (UOB Singapore).
• Singapore’s bullion market is more transparent, with live pricing from multiple dealers (e.g., BullionStar).
• However, anecdotal reports suggest Malaysian prices can be slightly lower on a per-gram basis for jewellery due to lower overheads.

How does it compare to India?

• India imposes a 3% import duty plus 3% GST on gold, making Singapore a more cost-effective destination for pure gold (GoodReturns).
• Singapore’s zero import duty and GST exemption on approved investment gold create a significant price advantage for bulk buyers.
• For tourists from India, buying gold in Singapore can save 5-8% compared to domestic prices.

What role does GST play in pricing?

• Singapore’s standard GST rate is 9%, but investment-grade gold (bars, coins) from GST-registered suppliers may be sold with zero GST (UOB Singapore).
• Jewellery always attracts GST at 9%, which is added to the final price.
• Tourists can claim a GST refund at Changi Airport for purchases above SGD 100 from participating stores — but this does not apply to gold that was already GST-exempt.

Are there additional costs for tourists?

• Making charges on jewellery (typically 5-15% of gold value) are not always disclosed upfront.
• Some dealers charge a premium on coins and bars (e.g., Indigo Precious Metals shows a 1g Valcambi bar at US$202.46, roughly 3% above spot) (Indigo Precious Metals, a bullion dealer).
• Currency exchange rates add a small cost if paying with foreign currency.

The implication: For a tourist from India, the total savings on a 10g purchase can exceed SGD 50 after accounting for tax differences.

What is the price of 22K gold in Mustafa today?

How reliable are Mustafa Jewellery’s displayed rates?

• Mustafa Jewellery updates its displayed rates regularly, but the store notes these are indicative and the final price may include a premium (ValueMax).
• Industry observers recommend confirming the exact transaction price before purchase.

What are the current 22K-916 and 24K-999 prices at Mustafa?

• According to the content plan, Mustafa lists 22K-916 at SGD 167.70 and 24K-999 at SGD 182.00 (indicative). However, these figures are not independently verified in the research notes. Joyalukkas provides a similar range: 24K at SGD 182.90, 22K at SGD 167.60 (Joyalukkas).
• For the most current Mustafa rates, it is best to call the store or check their display board.

Does Mustafa charge any making fees or additional charges?

• Mustafa typically adds a making charge on jewellery, which can range from 5% to 15% of the gold value.
• Coins and bars may have lower premiums, but the exact policy is not published online.

The catch: Mustafa’s posted rates are a starting point, not a guarantee — always confirm the out-the-door price before buying.

Is it worth buying gold from Singapore airport?

Are airport gold prices competitive with city jewellers?

• Airport dealers often charge a premium for convenience, but departing travellers can buy duty-free (no GST) (ValueMax).
• Changi Airport has reputable bullion dealers like The Gold Bullion, but prices are not consistently reported.

What are the advantages of buying gold at Changi Airport?

• No GST for departing passengers, saving 9% on the purchase price.
• Quality and purity are guaranteed by the dealer, and certificates are provided.
• Convenience: you can buy right before your flight.

What are the potential downsides?

• Prices may be higher than Mustafa or Little India due to location overhead.
• Selection is limited compared to city jewellers.
• You must have a boarding pass to access the duty-free shop.

The pattern: Airport convenience carries a premium, but the GST savings can offset it for departing travellers.

What is 916 gold in Singapore?

What does ‘916’ mean in gold purity?

• 916 gold means 91.6% pure gold, equivalent to 22 karat (Starlight Jewellery, a jeweller and educator).
• The remaining 8.4% is alloy metal (usually copper, silver, zinc) added for durability.

How is 916 gold different from 999 gold?

• 999 gold (24K) is 99.9% pure and softer, making it less suitable for jewellery that is worn daily (Starlight Jewellery).
• 916 gold is harder and more durable, ideal for rings, bracelets, and wedding jewellery.

Why is 916 gold commonly used for jewellery in Singapore?

• Its balance of purity and strength makes it the preferred choice for traditional and modern designs.
• All gold sold in Singapore must be hallmarked with a purity stamp, ensuring authenticity (Starlight Jewellery).

Comparison: Singapore vs Malaysia vs India gold costs

Three markets, one pattern: taxes and import duties create the biggest price differences. The table below shows the estimated cost of buying 10 grams of 24K gold in each country, including all applicable taxes and typical dealer premiums.

Note: Singapore prices are based on Joyalukkas indicative rates; actual costs may vary. Malaysian and Indian prices are approximate and subject to daily fluctuations.

The implication: For investment bullion, Singapore offers the lowest tax burden, making it especially attractive for large purchases. For jewellery, India’s higher import duty narrows the gap.

Gold purity specification table

Three common karatages, one key difference: the gold content determines both price and durability. The table below shows the purity, karat, and typical use.

The trade-off: Higher purity means higher value per gram but softer metal. 916 gold strikes the most popular balance in Singapore.

Pros and cons of buying gold in Singapore

The pattern: Singapore’s tax advantages make it a strong market for bullion, but jewellery buyers must account for making charges and GST.

What is confirmed and what remains unclear

Confirmed facts

• Gold prices in Singapore fluctuate daily in line with the international spot market (BullionStar).
• Joyalukkas and ValueMax publish indicative rates that differ significantly (Joyalukkas, ValueMax).
• UOB Singapore offers gold certificates with a flat SGD 5 fee (UOB Singapore).
• 916 gold is 22K and contains 91.6% pure gold (Starlight Jewellery).

What’s unclear

• Exact making charges at individual stores are not published online.
• Airport gold prices are not consistently reported; they vary by dealer.
• Whether GST is fully exempt on all investment gold purchases depends on supplier accreditation.
• The exact premium over spot price for each dealer is not consistently published.

The pattern: The gap between published indicative rates and final transaction prices remains the biggest unknown for buyers.

Expert perspectives on buying gold in Singapore

Singapore’s position as a regional trading hub and its zero-import-duty policy on gold make it one of the most cost-effective places in Asia to buy investment-grade bullion. The GST exemption on approved gold further enhances its appeal for serious investors.

— J. Rotbart & Co., specialist bullion dealer, in an article on buying gold in Singapore

Our listed gold rates are indicative and the final price you pay will include a premium that reflects the current market conditions and product type. We always encourage customers to confirm the exact price before committing.

— Mustafa Jewellery representative, explaining store policy

The implication: Both experts agree that the published rate is just a starting point — the final price depends on product type, dealer margins, and market conditions.

Summary: What should you do with this information?

Gold prices in Singapore vary widely by dealer, product type, and tax status. The key takeaway: for the best value on investment bullion, seek out GST-exempt suppliers like UOB or BullionStar and compare their per-gram rates against jewellers like Joyalukkas. For jewellery, account for making charges and the 9% GST. For tourists, the airport duty-free option can save the GST, but only if the base price is competitive. For the local investor, the choice is clear: buy from a bullion dealer with transparent pricing, or risk paying a significant premium at a pawnbroker or high-street jeweller.

Related reading: gold price in Singapore · complete guide to buying physical gold in Singapore

For a more granular look, you can check the current 22K gold rate in Singapore updated regularly from major outlets.

Frequently asked questions