SINGAPORE BULLION MARKET
Bullion Trading in Singapore
Stay up-to-date on the latest developments in the Singapore precious metals market
Singapore is one of the Worlds Bullion Trading Centres
Singapore is one of the few countries in the world that has an active bullion market and is listed as one of the International Bullion Centre’s globally by the LBMA.
The Singapore bullion market is known as one of the major international centers for gold trade with over 180 international banks and financial institutions, highlighting the importance of gold in global finance. Since 1999, Singapore has been one of the most significant gold trading city’s in Asia if not the world.
Singapore has become the fifth largest gold trading hub in the world, largely due to its low tax rates, high quality infrastructure, and well-established gold coin industry. Singapore offers both traders and investors access to the South Asian bullion markets which are among the fastest growing in the world.
On this website we aim to provide you with information on the Singapore Bullion Market and Bullion Regulation that is relevant to both the gold market players as well as the retail investors to give a more detailed understanding of how it operates.
Going for Gold, and other minerals…
Singapore’s quest to become Asia’s leading commercial mining hub
“Singapore’s quest to become Asia’s leading commercial mining hub “Asia is marching toward economic prosperity, with profound implications for businesses everywhere. As resource-rich countries engage in a furious fight to supply natural resources, an equally brutal battle has ensued to secure the services revenue associated with the mining boom.
Jockeying for position are Singapore, Hong Kong and Shanghai, all well placed to lure Western trade, all firmly intent on establishing Asia’s leading commercial mining hub. Singapore’s ability to emerge from relative obscurity to become a pivotal player in the natural resources landscape would fortify its reputation as an astute strategist, and bolster its economic affluence going forward. It is a decisive contest, and one worthy of further exploration” KPMG Report”
GST and ARCS in Singapore
The Approved Refiner and Consolidator Scheme (ARCS) is administered by the Inland Revenue Authority of Singapore (IRAS). It lets approved refiners and consolidators of investment precious metals suspend GST on qualifying imports and recover more input tax.
Read our GST and ARCS in Singapore page for eligibility, benefits and how to apply.