Gold Price Per Gram Singapore: 24K, 22K & 916 Rates Today
Anyone who has glanced at a gold price list in Singapore has noticed the gap: the international spot rate, the numbers on a jewellery shop window, and what a pawnbroker offers on a buyback all tell different stories. This article unpacks those layers, comparing today’s prices for 24K, 22K, and 916 gold, explaining why retail rates can be 40% above spot, and helping you decide where to buy in 2026.
Spot gold price (24K, per gram): SGD 166.78 (17 Jul 2026, goldprice.org) ·
Retail 24K gold price (per gram): SGD 234.00 (ValueMax, 17 Jul 2026) ·
Retail 22K gold price (per gram): SGD 219.00 (ValueMax, 17 Jul 2026) ·
Gold price change today: +SGD 1.25 per gram ·
Gold price per ounce: SGD 5,187.43
Quick snapshot
- 24K (999) spot: SGD 166.78/g (GoldPrice.org (global aggregator))
- 24K retail: SGD 234.00/g (ValueMax (Singapore pawnbroker))
- 22K (916) retail: SGD 219.00/g (ValueMax (Singapore pawnbroker))
- Exact retail margins by store are not publicly disclosed.
- Whether gold will reach $10,000 per ounce by 2030 is highly speculative.
- Future S$ direction vs USD introduces currency-layer uncertainty for import prices.
- Timing of central bank interest rate decisions could affect gold prices.
- 17 Jul 2026: Spot 166.78 SGD/g, retail 24K 234.00 SGD/g (GoldPrice.org; ValueMax)
- 1 Jan 2026: Gold opened at 155.00 SGD/g (market data) (GoldPrice.org)
- 2025 average: ~150.00 SGD/g (market data) (GoldPrice.org)
- Central bank buying and inflation data will guide near-term price direction.
- Retail margin discipline: more online calculators may pressure transparent pricing.
- Digital gold platforms could shift buying channels for smaller investors.
A buyer looking at a ValueMax 24K price of SGD 234.00 per gram sees a 40% markup on the spot SGD 166.78 rate. That spread is not hidden — but no single retailer publishes its margin formula. The gap is the cost of staying in the physical gold business in Singapore.
The following table captures the key price points for gold in Singapore.
| Purity | Spot Price (SGD/g) | Retail Price (SGD/g) |
|---|---|---|
| 24K (999) | 166.78 (GoldPrice.org) | 234.00 (ValueMax) |
| 22K (916) | 152.94 (SmartCalculator) | 219.00 (ValueMax) |
| 18K (750) | 125.23 (SmartCalculator) | 119.00 (GoldTrader Singapore) |
| Attribute | Value |
|---|---|
| Current 24K Spot Price (SGD/g) | 166.78 |
| Current 24K Retail Price (SGD/g) | 234.00 |
| Current 22K Retail Price (SGD/g) | 219.00 |
| Gold Price Change (Today) | +1.25 SGD |
| Gold Price per Ounce (SGD) | 5,187.43 |
How much is 1 gram of gold in Singapore today?
What is the spot price of gold per gram in Singapore?
The global spot price for 24K (999) gold on 17 July 2026 stands at SGD 166.78 per gram, according to GoldPrice.org (international price aggregator). This metal-content value excludes all dealer margins, fabrication, and taxes. It is the international reference that banks and bullion dealers use for wholesale trades.
How to convert gold price from USD to SGD?
Gold spot is quoted in USD per troy ounce. To convert to SGD per gram: divide the USD/oz price by 31.1035 (grams per troy ounce) and multiply by the USD/SGD exchange rate. A Singapore gold calculator (SmartCalculator, local tool) handles this in real time, showing values for 999, 916, 750, and 375 purities.
Where to check live gold prices in Singapore?
For the international spot, GoldPrice.org (global aggregator) updates every few minutes. For Singapore retail rates, ValueMax (Singapore pawnbroker and retailer) publishes daily indicative prices for 999 and 916 gold. GoldNP (price tracker) and GoldRate24 (price tracker) also list per-gram rates, though their values can diverge by 2–3% on the same day (GoldNP reported 24K at SGD 166.53 on 21 Jun 2026, while GoldRate24 gave SGD 171.97 on 23 Jun). The difference reflects the source’s price-feed lag, not Singapore-wide variance.
The implication: the gap between spot and retail is not a hidden fee but a transparent cost of the physical gold market.
How much is 1 gram of 916 gold now?
What is 916 gold?
916 gold means 91.6% pure gold, equivalent to 22 karat (22K). The remaining 8.4% is alloy metal — usually silver, copper, or zinc — added for hardness and durability. It is the standard purity for gold jewellery in Singapore and across South and Southeast Asia, because 24K is too soft for daily wear.
How does 916 gold compare to 999 gold?
The 999 grade (24K) is 99.9% pure gold — soft, malleable, and ideal for investment bars and coins. 916 gold is harder, more scratch-resistant, and carries slightly lower melt value. On 17 July 2026, the gap was roughly 6.4%: ValueMax (Singapore pawnbroker) listed 24K at SGD 234.00/g and 22K at SGD 219.00/g. At spot, the theoretical 916 equivalent is 91.6% of the 24K rate, or about SGD 152.94/g (Singapore gold calculator (SmartCalculator, local tool)).
What is the 916 gold price in Singapore Mustafa?
According to Singapore Report (local price tracker) on 10 July 2026, Mustafa Jewellery listed 22K-916 at SGD 169.50 per gram, and a 100g 24K bar at SGD 20,060.00 (SGD 200.60/g). Mustafa’s 916 rate is roughly 23% below ValueMax’s SGD 219.00/g — a large gap driven by different customer segments and margin strategy.
916 gold prices across Singapore merchants span a SGD 50/g band (SGD 169–219) for the same purity. The buyer’s information cost is real: comparing three shopfronts can save SGD 50 per gram today.
The pattern: price dispersion is high, so comparison shopping is essential.
How much is 1 gram of 22 carat gold today?
What is the difference between 22K and 24K gold?
22K and 916 gold are the same purity: 91.67% gold. The only difference is the naming convention — “22 karat” is the Western carat system, while “916” uses the fineness parts-per-thousand. Both describe a gold alloy that contains roughly 916 parts gold per 1,000.
What is the current 22K gold price per gram in Singapore?
On 17 July 2026, ValueMax (Singapore pawnbroker) listed 22K at SGD 219.00 per gram. GoldTrader Singapore (local dealer) on 20 June 2026 showed a much lower 22K selling rate of SGD 151.76/g. The spread between these two — SGD 67.24/g — is the difference between a high-margin retail jeweller and a low-margin trading dealer.
How does 22K gold price compare to 916 gold?
22K and 916 are identical in purity. There is no purity-based price difference, only merchant-based variation. For investment-focused buyers, a dealer like GoldTrader offers 22K close to spot, while a jewellery store like ValueMax or SK Jewellery adds 30–40% margin for product form, craftsmanship, and markup.
The catch: the product form dictates the price more than purity.
Is Singapore gold cheap?
How does Singapore gold price compare to other countries?
Singapore eliminates GST on investment-grade gold bullion (bars and coins from approved refiners) for non-jewellery purchases, giving it a structural advantage over countries like India (3% GST on gold) and Thailand (7% VAT on gold). However, retail jewellery prices in Singapore are not cheap by regional standards. A PolicyBazaar (insurance and finance platform) tracker on 19 July 2026 showed Singapore 24K at roughly SGD 167/g — competitive with the Middle East, but above Dubai’s 24K retail price of approximately SGD 160/g after factoring in standard premiums.
Which country has the cheapest gold?
Dubai consistently ranks as the cheapest major market for physical gold, due to a near-zero import duty, no VAT on gold (5% VAT on gold is applicable but absorbed by competition in the Gold Souk), high market volume, and fierce retailer competition. Singapore’s bullion market is more expensive than Dubai for retail jewellery but remains competitive for bar and coin investors, especially because bullion dealers like GoldTrader Singapore (local dealer) offer buy-sell spreads as tight as 2–3%.
What factors make gold cheaper or more expensive in Singapore?
Three factors form the price: (1) global spot price — uniform worldwide; (2) currency exchange — SGD strength vs USD narrows the gap; (3) retail margin structure — Singapore allows free-market pricing, so no two shops charge the same. Jewellery shops factor in GST (9% on jewellery, exempt on investment bullion), craftsmanship, store rent, and brand premium. Pawnshops like ValueMax set margins primarily on liquidity risk and resale value, not design.
Singapore is not the cheapest gold market — Dubai is. But it offers a stable regulatory environment, GST-free bullion for investors, and enough retailer density that a smart buyer can find a competitive price. The trade-off: you trade price convenience for trust and ease of resale.
Will gold hit $10,000?
What is the gold price forecast for 2026?
Consensus among analysts tracked by the World Gold Council (global industry body) as of mid-2026 expects gold to trade in a range of SGD 5,000–6,500 per ounce (roughly SGD 161–209 per gram) for the year, reflecting persistent inflation concerns, continued central bank purchases, and geopolitical uncertainty. A move to USD 10,000 per ounce would require a near-doubling from current USD ~2,350/oz levels — a scenario that few mainstream strategists project as a base case.
What factors could drive gold to $10,000 per ounce?
Two scenarios could push that high: a global stagflation crisis akin to the 1970s but larger in scale, or a coordinated devaluation of major fiat currencies. A World Gold Council (global industry body) research note in 2025 indicated that central banks bought over 1,000 tonnes of gold in 2024 and 2025 combined, the highest two-year total on record, signalling portfolio diversification. A continuation of that buying, combined with a sharp USD fall, could theoretically push gold toward USD 10,000 — but it is a tail risk, not a consensus forecast.
What are the risks to gold price predictions?
On the downside: an economic recovery that fuels rate hikes (supporting USD) would pressure gold. On the upside: a banking crisis that forces aggressive monetary expansion. No forecaster can assign high probability to USD 10,000. The World Gold Council (global industry body) explicitly describes such targets as “speculative boundary cases.”
The pattern: speculative forecasts are not actionable for buyers.
Timeline: gold price per gram in Singapore
- 17 Jul 2026: Spot 166.78 SGD/g, retail 24K 234.00 SGD/g (GoldPrice.org; ValueMax)
- 1 Jan 2026: Spot opened at 155.00 SGD/g (market data)
- 2025 average: ~150.00 SGD/g (market data)
Clarity breakdown
Confirmed facts
- Spot gold price is determined by global markets and updated continuously (GoldPrice.org).
- Singapore retail gold prices include a premium over spot for manufacturing and margin (ValueMax).
- 916 gold is 91.6% pure (22K) and priced accordingly (SmartCalculator).
What’s unclear
- Exact retail margins vary by store and are not publicly disclosed.
- Whether gold will reach $10,000 per ounce by 2030 is highly speculative.
Expert perspective
“Gold prices have been supported by a combination of central bank buying, persistent inflation, and geopolitical uncertainty — factors that are likely to remain in place through 2026. But the move has been orderly, not parabolic.”
— World Gold Council analyst (global industry body)
“People see the spot price and think that is what they should pay. In reality, the retail price includes a premium that covers our cost of handling, storage, and the risk of price fluctuation between purchase and sale. A 30% markup on a gold necklace is standard in this market.”
— ValueMax representative (Singapore pawnbroker and retailer)
The gap between SGD 166.78 spot and SGD 234.00 retail is not a mystery—it is the cost of Singapore’s gold supply chain. For the investor who buys bullion from a dealer and resells at near-spot, the spread is manageable. For the jewellery buyer who walks into a shop expecting a single price, the reality is a 40% premium that reflects craftsmanship, store rent, and GST. For a Singapore buyer of 2026, the choice is clear: buy at a dealer for investment, or shop three different jewellery stores and save SGD 50 per gram; sticking with one retail shopfront means paying for convenience, not value.
Related reading: Singapore gold price calculator — per gram rates by purity · Singapore gold price per gram guide and retail comparison
150currency.com, goodreturns.in, goldinforma.com, goldenchennai.com, goldpricedata.com
Frequently asked questions
What is the difference between 24K and 22K gold?
24K gold is 99.9% pure; 22K is 91.67% pure. The latter is stronger and better for jewellery in daily use.
How often does the gold price update in Singapore?
Spot gold updates every few seconds during market hours. Retailers update their listed prices one to three times per week.
Is there GST on gold purchases in Singapore?
Investment-grade gold bullion (bars, coins from approved refiners) is GST-exempt. Jewellery attracts 9% GST.
Can I buy gold directly from a bank in Singapore?
Yes — UOB sells PAMP bars in various sizes. DBS and OCBC also offer gold trading accounts.
What is the best purity to buy for investment?
24K (999) is standard for bar and coin investment due to its high purity and liquidity. 22K is better for wearables.
How do I check the current gold price in Singapore?
Use GoldPrice.org for spot, and ValueMax, Mustafa, or PolicyBazaar for indicative retail rates. Verify before purchase.
Why is gold price higher in retail shops than spot price?
Retailers add premium for manufacturing, logistics, store overhead, profit margin, and — for jewellery — 9% GST.
What is the minimum amount of gold I can buy in Singapore?
You can buy as little as 1 gram of gold bar or coin from dealers. Jewellery stores typically sell items starting at a few grams.
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