LAST UPDATE: 06 Jan 2025 14:00:07
22 Carat Gold Price
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | SGD108.60 | SGD110.90 | – 2.30 |
| 8 | SGD868.80 | SGD887.20 | – 18.40 |
| 10 | SGD1,086 | SGD1,109 | – 23 |
| 100 | SGD10,860 | SGD11,090 | – 230 |
24 Carat Gold Price
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | SGD120.50 | SGD122.10 | – 1.60 |
| 8 | SGD964 | SGD976.80 | – 12.80 |
| 10 | SGD1,205 | SGD1,221 | – 16 |
| 100 | SGD12,050 | SGD12,210 | – 160 |
18 Carat Gold Price
| Gram | Today | Yesterday | Change |
|---|---|---|---|
| 1 | SGD88.90 | SGD90.70 | – 1.80 |
| 8 | SGD711.20 | SGD725.60 | – 14.40 |
| 10 | SGD889 | SGD907 | – 18 |
| 100 | SGD8,890 | SGD9,070 | – 180 |
Singapore Gold Price (Latest) for 22K, 24K, and 18K Gold
Stay updated with the latest Singapore Gold Price for 22K, 24K, and 18K gold through SpecialInSG, your trusted source for real-time gold prices. Whether you’re looking to buy jewellery or invest in precious metals, knowing the current rates helps you make informed decisions. This guide covers everything from gold purity levels to trading insights in Singapore’s thriving gold market.
22K, 24K, and 18K Gold Prices in Singapore
The gold prices in Singapore fluctuate daily based on global market conditions. Gold rates shown here pertain to unprocessed gold and may vary depending on purchase location and additional commission fees.
Why Gold Prices Matter in Singapore
Gold has always been a favored investment in Singapore, not only for its intrinsic value but also as a hedge against inflation and economic uncertainties. The latest gold prices, especially for 22K, 24K, and 18K gold, are essential for those purchasing jewellery or looking to diversify their portfolios.
Gold Trading in Singapore
A Global Hub for Gold Trading – Singapore is a key player in the global gold market due to its strategic location, stable political environment, and well-regulated financial system. With internationally recognized gold refineries and adherence to the Singapore Good Delivery (SGD) Standard, the country ensures the authenticity and quality of gold products. This has fostered trust among investors worldwide and bolstered Singapore’s position as a gold-trading hub.
916 Gold vs 999 Gold: Which is better?
When shopping for gold jewellery, have you ever wondered what the numbers and letters stand for? Knowing how to tell the different types of gold on the market can help you to make better decisions when purchasing a gold jewellery piece.
The main difference between 916 and 999 gold is their purity levels. 916 gold, also known as 22 karat gold, is made up of 91.6% pure gold and 8.4% other metals. 916 gold is commonly used for crafting everyday pieces of fine gold jewellery. 999 gold, known as 24 karat gold, is the purest form of gold available. As such, it is softer and malleable, which means that fine craftsmanship is required to fashion it into fine gold jewellery. It is often used for exquisite pieces.
Understanding the intricacies of gold prices
- 24k gold (999 gold) prices: The epitome of purity, 24K or 999 gold signifies gold in its most resplendent and unblemished state. Given its superior quality, the price per gram of 999 gold is highest amongst all gold varieties in Singapore.
- 22K Gold (916 Gold) prices: Striking the perfect balance between durability and luminosity, 22K or 916 gold possesses an allure that’s uniquely its own.As a blend of gold with other metals, its price per gram in Singapore dollars (SGD) usually stands slightly lower than thepurer 24K gold.
- 18k gold prices: Exuding an impressive lustre and notable durability, 18K gold has etched its place as a cornerstone in daily-wear jewellery. Given its reduced pure gold content compared to 24K and 22K variants, the price per gram of 18K gold typically presents a more affordable alternative in Singapore. Speak to our team today for more details about 18k gold prices.
How to Buy Gold in Singapore
Buying gold in Singapore is straightforward, with several options available:
- Physical Gold: Purchase gold bars, bullion coins, or jewellery from trusted dealers.
- Gold Certificates: These represent ownership without the need for physical storage.
- Gold Savings Accounts: Offered by financial institutions, allowing investments in fractional amounts.
Many gold products in Singapore, such as investment-grade bullion, are exempt from Goods and Services Tax (GST), enhancing their appeal to investors.
Why Monitor Gold Prices Daily
Gold prices can be volatile, influenced by various economic factors, including inflation, currency fluctuations, and geopolitical events. Monitoring real-time prices allows investors to make well-timed decisions, whether buying or selling gold.
Gold’s stability, especially during economic uncertainty, makes it a popular safe-haven asset.
Risks and Considerations
While gold is a relatively safe investment, there are risks:
- Price Volatility: Gold prices can fluctuate significantly, impacting returns.
- Storage Costs: Holding physical gold incurs storage and insurance costs.
- Market Timing: Buying at peak prices may lead to potential losses during downturns.
Reliable Sources for Gold Prices
For accurate and up-to-date gold prices, refer to:
- SpecialInSG: Offers real-time updates on 22K, 24K, and 18K gold prices in Singapore.
- Local Jewellers: Check with trusted jewellers for current rates and commission fees.
- Official Financial Institutions: For investment-grade gold products and gold certificates.
Conclusion: Stay Informed with SpecialInSG
Tracking the latest Singapore Gold Price for 22K, 24K, and 18K gold is essential for making smart investment decisions. Whether you’re buying jewellery or investing in gold as a financial asset, real-time data ensures you stay ahead of market trends.
Visit SpecialInSG today for comprehensive gold pricing updates and insights to guide your investment journey confidently.