Singapore has a well-developed market for buying and selling gold, with options ranging from large licensed pawnbroking chains to independent goldsmiths, bullion dealers, and online platforms. Getting a fair price depends on understanding what type of seller you are, who is the right buyer for your specific item, and what affects the offer you receive.
This guide compares the main options for selling gold jewellery in Singapore in 2026 — covering payout factors, dealer types, ID requirements, fees, and the key difference between pawning and outright selling.
Quick answer: For gold jewellery, licensed pawnbrokers (Valuemax, Maxi-Cash, MoneyMax) offer same-day cash and accept all conditions. Specialist goldsmiths and gold dealers may offer closer-to-spot prices on high-karat or investment-grade items. The best price depends on the day's gold rate, purity, weight, and condition — not just the venue.
Always compare at least two quotes on the same day. Bring your NRIC or passport — it is required by law for all sell and pawn transactions.
How to Compare Gold Buyers: What Actually Affects Your Payout
Before walking into any pawnbroker or gold dealer, understand the five factors that determine what you will be offered:
- The day's gold spot rate: All Singapore gold buyers price off the global spot price (USD per troy ounce), converted to SGD. The same piece will get a different SGD offer on different days purely because of this. Check the live rate before you go.
- Purity (karat/hallmark): 999 (24K) gold gets the closest-to-spot payout. 916 (22K) is slightly lower. Mixed-alloy or lower-karat pieces are discounted further. See our gold karat chart for a full purity breakdown, and our guide to hallmark gold for how to read the stamp on your piece.
- Weight: The gram weight of the gold content — not the total piece weight — is the basis for the offer. Stones, clasps, and non-gold components are excluded.
- Condition: Standard gold jewellery is accepted in any condition by most pawnbrokers. Collector or numismatic pieces in original condition may command a premium from specialist buyers.
- Buyer type and margin: Pawnbrokers operate with wider spreads (buy low, lend or sell high) to cover operational costs. Specialist gold dealers and refiners may offer closer to spot on larger or purer items. Goldsmiths buying for reuse may also offer competitive rates on specific types of gold they need.
Pawning vs Selling: Which Is Right for You?
| Factor | Pawning | Outright Selling |
|---|---|---|
| Keep the item? | Yes — you can redeem it | No — permanent sale |
| Cash received | Typically 60–80% of assessed value | Typically 80–95% of assessed value |
| Interest charged? | Yes — monthly interest applies | No |
| Best for | Short-term cash need, sentimental item | Permanent liquidation, investment gold |
| ID required? | Yes — NRIC or passport | Yes — NRIC or passport |
| Regulated? | Yes — Pawnbrokers Act (Singapore) | Yes — PSPM Act (precious metals dealers) |
If you are unsure whether to pawn or sell, the key question is: do you want the item back? If yes, pawn. If not, an outright sale to a gold buyer or dealer will typically give you a better net payout as there is no interest cost and no redemption deadline.
Top 10 Places to Sell Gold Jewellery in Singapore
1. Valuemax Pawnbrokers
Valuemax is one of Singapore's largest pawnbroking chains, listed on the SGX and operating branches islandwide including Waterloo Centre (main branch) and Lucky Plaza. Transactions are based on current market rates, weight, and purity. Valuation is free and payment is immediate.
- ID required: Yes — NRIC or passport
- Accepts damaged/broken gold: Yes
- Typical turnaround: Under 15 minutes
- Also accepts: Luxury watches, diamonds
2. Maxi-Cash
Maxi-Cash, part of Aspial Corporation, operates branches across Singapore including Jurong Point and Lucky Plaza. Free valuation, competitive pricing, and immediate payment. They accept broken or damaged jewellery.
- ID required: Yes — NRIC or passport
- Valuation fee: None
- Accepts damaged/broken gold: Yes
- Also accepts: Luxury watches, handbags, electronics
3. MoneyMax
MoneyMax, linked with SK Jewellery, operates branches including Bedok Town and Paya Lebar MRT. Transparent pricing and a trade-in option for those looking to upgrade jewellery. Valuation is free.
- ID required: Yes — NRIC or passport
- Valuation fee: None
- Trade-in available: Yes
- Also accepts: Luxury watches, diamonds
4. Ban Soon Pawnbrokers (Valuemax Group)
Ban Soon Pawnbrokers, part of the Valuemax Group, is based in Yishun (Yishun Avenue 5) and serves buyers in Singapore's north region. Accepts all gold regardless of condition. Payment is immediate via cash or bank transfer.
- ID required: Yes — NRIC or passport
- Accepts all gold types: Yes, including damaged pieces
- Payment: Immediate, cash or bank transfer
5. Chong Lee Pawnbrokers
Chong Lee Pawnbrokers in Bukit Batok is a trusted local option for sellers in Singapore's west. Known for a straightforward process and competitive pricing. Price is determined by weight and purity, reflecting current market rates.
- Accepts all gold jewellery types: Yes
- Pricing basis: Weight and purity at current market rate
6. Heng Seng Pawnbrokers
Heng Seng Pawnbrokers is located at Toa Payoh HDB Hub, offering convenient central access. Known for fair valuations and quick service. Trade-in options are available for those looking to exchange gold rather than cash out entirely.
- Minimum quantity: None
- Trade-in available: Yes
7. Bedok Pawnbrokers
Bedok Pawnbrokers on Bedok North Avenue 2 serves the east region. Accepts gold jewellery and gold coins. No hidden fees — payment via cash or bank transfer.
- Accepts gold coins: Yes
- Payment methods: Cash or bank transfer
8. Jurong Pawnshop
Jurong Pawnshop at Jurong West is a reputable name in the industry, offering fair valuations and immediate payment. Accepts gold, diamonds, and other precious stones. All transactions are handled confidentially.
- Accepts diamonds/precious stones: Yes
- Confidential transactions: Yes
- Payment methods: Cash or bank transfer
9. Fook Hin Pawnbrokers
Fook Hin Pawnbrokers on Geylang Road is an established option in the Geylang area. Accepts gold jewellery, bars, and other bullion forms. Quick appraisal with an immediate offer.
- Accepts gold bars/bullion: Yes
- Process: On-the-spot appraisal and offer
10. Wan Keong Pawnbrokers
Wan Keong Pawnbrokers on Gangsa Road serves Bukit Panjang and the western corridor. Accepts gold jewellery, coins, and luxury watches. No valuation fee; immediate payment in cash or bank transfer.
- Valuation fee: None
- Also accepts: Luxury watches
- Payment: Cash or bank transfer, immediate
Side-by-Side Comparison: Key Factors
| Dealer | Type | Same-Day Payout | Valuation Fee | ID Required | Accepts Damaged | Best For |
|---|---|---|---|---|---|---|
| 1. Valuemax | Pawnbroker | Yes | None | Yes | Yes | Quick cash, all conditions |
| 2. Maxi-Cash | Pawnbroker | Yes | None | Yes | Yes | Watches, bags, broken gold |
| 3. MoneyMax | Pawnbroker | Yes | None | Yes | Yes | Trade-in / upgrade |
| 4. Ban Soon | Pawnbroker (Valuemax) | Yes | None | Yes | Yes | North Singapore |
| 5. Chong Lee | Pawnbroker | Yes | None | Yes | Yes | Bukit Batok / West |
| 6. Heng Seng | Pawnbroker | Yes | None | Yes | Yes | Toa Payoh, trade-in |
| 7. Bedok Pawnbrokers | Pawnbroker | Yes | None | Yes | Yes | East, gold coins |
| 8. Jurong Pawnshop | Pawnbroker | Yes | None | Yes | Yes | West, diamonds accepted |
| 9. Fook Hin | Pawnbroker | Yes | None | Yes | Yes | Geylang, gold bars |
| 10. Wan Keong | Pawnbroker | Yes | None | Yes | Yes | Bukit Panjang / West |
Before You Sell: A Practical Checklist
- Know your purity: Check the hallmark stamped on the piece (916, 999, 750, etc.) before you go. See our guide to hallmark gold if you are unsure how to read it.
- Check the day's spot rate: Look up the live gold price in SGD per gram so you know what your item's metal content is worth at spot. Our gold karat chart shows how purity affects the per-gram value.
- Bring your NRIC or passport: Required by law for all sell and pawn transactions in Singapore — no exceptions.
- Get at least two quotes: Payout spreads vary between buyers. A 10-minute comparison can make a meaningful difference on heavier pieces.
- Separate stones from metal: If your piece has diamonds or gemstones, ask whether the buyer values these separately or ignores them. Most pawnbrokers price on gold content only.
- Ask for an itemised offer: Confirm the gram weight and per-gram rate being applied, not just the final SGD figure.
Frequently Asked Questions: Selling Gold Jewellery in Singapore
Where is the best place to sell gold jewellery in Singapore?
There is no single best answer — it depends on what you are selling. For speed and convenience across all conditions, large licensed pawnbrokers like Valuemax, Maxi-Cash, and MoneyMax are the most accessible. For plain 916 or 999 gold where you want to compare against a posted daily rate, Mustafa Centre in Little India is a commonly used reference point. For investment-grade bullion, specialist dealers such as LPM Singapore may offer rates closer to spot.
How is gold valued when I sell it in Singapore?
All buyers base the offer on: the day's international gold spot price converted to SGD, multiplied by the gram weight of the gold content (adjusted for purity). Workmanship value is not part of the calculation — you are paid for the metal, not the design.
Do I need ID to sell gold in Singapore?
Yes. Under Singapore's Pawnbrokers Act and the PSPM Act, all licensed dealers are required to verify identity for buy and pawn transactions. Bring your NRIC (Singapore residents) or passport (visitors and PRs).
Will I get more selling outright than pawning?
Generally yes — an outright sale typically yields a higher net payout than pawning because there is no interest cost and no redemption risk. Pawning makes sense only if you intend to redeem the item within the loan period.
Can I sell broken or damaged gold jewellery in Singapore?
Yes. Most licensed pawnbrokers accept gold in any condition — damaged, broken, or incomplete pieces are all valued on gold content alone.
Does it matter which karat my gold is?
Yes — higher purity means a higher per-gram payout. 999 gold (99.9% pure) commands a higher rate than 916 (91.6% pure), which in turn is higher than 750 (75% pure). Check your hallmark before getting quotes. See our gold karat chart for a full comparison.
Summary: Getting the Best Deal When Selling Gold in Singapore
Singapore's regulated gold buying market means you are protected from fraudulent dealers — all buyers of precious metals must be registered under the PSPM Act. But the spread between the best and worst offers for the same piece can still be meaningful, particularly on heavier items.
The three steps that make the biggest difference are: knowing your purity grade before you go (use our hallmark gold guide), checking the live spot rate on the day, and getting two quotes rather than accepting the first offer. Location-wise, choose a dealer convenient to you — with comparable pieces, the large chains tend to price similarly on a given day.
For further reading on Singapore's bullion and gold market, visit our bullion dealers directory and our guide to precious metals regulation in Singapore.
