The Singapore bullion dealers list is extensive — covering current and former companies offering both wholesale and retail precious metals products. Under Singapore law, anyone dealing in even the smallest amount of precious metals is required to be registered with the Ministry of Law under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 — commonly referred to as the PSPM Act.
The registered dealers listed here are regulated by the Registrar of Regulated Dealers for anti-money laundering (AML) and countering the financing of terrorism (CFT) purposes, in their business of regulated dealing or as an intermediary for regulated dealing under the PSPM Act.
💡 Worth noting: Not every entity on the registered dealers list is a traditional bullion dealer. Some offer services in geomancy and tarot readings — but because they sell certain items containing gold, they are legally required to hold a precious metals dealer licence. Registration is determined by what is sold, not the primary nature of the business.
What PSPM Act Registration Means
Registration is a compliance requirement, not a quality endorsement. Every entity dealing in gold, silver, platinum, palladium, diamonds, rubies, sapphires, emeralds, jade, or pearls in Singapore must register with the Ministry of Law's Anti-Money Laundering/Countering the Financing of Terrorism Division (ACD) — regardless of business size, transaction volume, or primary business type.
For full details on what the PSPM Act requires of dealers and what it means for buyers, see our dedicated guide: Precious Metals Regulation in Singapore.
Key obligations for all registered dealers include:
- Performing customer due diligence (CDD) on buyers and sellers above specified transaction thresholds
- Maintaining transaction records for a minimum period as required by the Act
- Filing Suspicious Transaction Reports (STRs) with the Suspicious Transaction Reporting Office where required
- Implementing internal AML/CFT policies, controls, and procedures
- Appointing a compliance officer where required based on business size
The complete and authoritative register of all current regulated dealers is maintained by the Ministry of Law and is searchable via the ACD website.
Types of Registered Dealers in Singapore
Because the PSPM Act casts a wide net, the registered dealers list includes a diverse range of business types. Understanding the different categories helps buyers find the right type of dealer for their specific purpose.
🏦 Investment Bullion Dealers
Specialise in gold, silver, platinum, and palladium bars and coins. Products are typically priced at tight margins over spot. Examples: BullionStar, Silver Bullion, LPM Singapore.
💍 Jewellery Retailers & Goldsmiths
Sell 916 (22K) and 999 (24K) gold jewellery. Workmanship charges apply on top of metal price. Examples: Soon Huat Goldsmith, Mustafa Centre, 1st Jewellery.
🏛️ Pawnbrokers
Licensed to buy, sell, and accept gold as collateral for loans. Regulated separately under the Pawnbrokers Act in addition to PSPM. Examples: Valuemax, Maxi-Cash, MoneyMax.
🔬 Refiners & Assayers
Process raw or recycled precious metals into refined products. Operate under the Approved Refiner and Consolidator Scheme (ARCS). Example: Metalor Technologies Singapore.
🪙 Numismatic & Collectible Dealers
Deal in collectable coins, limited-edition mint releases, and certified numismatic products. Premium is driven by rarity and condition as well as metal content.
🔮 Other Registered Entities
Businesses whose primary trade is not precious metals — including geomancy shops, gift retailers, and cultural goods sellers — but which sell gold-containing items and are therefore required to register.
Featured Singapore Bullion Dealers
The following are among the more established and frequently searched dealers in Singapore's precious metals market, each with a dedicated profile on this site.
LPM Singapore (AM LPM Singapore Pte. Ltd.)
The Singapore subsidiary of LPM Group Limited (Hong Kong), incorporated in 2024 and operating from 1 Coleman Street, The Adelphi. Authorised distributor for Perth Mint, Royal Canadian Mint, PAMP, and NGC. Offers investment bullion, collectible numismatics, secure allocated storage, and a buyback programme via lpm.sg.
BullionStar Pte. Ltd.
A well-established Singapore bullion dealer operating a physical showroom at 45 New Bridge Road and an online trading platform. Carries a wide range of gold and silver bars and coins, with transparent spot-based pricing, vaulting services, and a buyback programme.
Silver Bullion Pte. Ltd.
Founded in Singapore following the 2008 global financial crisis, Silver Bullion operates The Reserve — one of Asia's largest private precious metals vaults, located at 6 Changi South Street 3, with capacity for up to 500 tonnes of gold and 15,000 tonnes of silver. Also offers online ordering and a transparent buyback service.
Metalor Technologies Singapore Pte. Ltd.
An approved refiner under Singapore's Approved Refiner and Consolidator Scheme (ARCS), operating from Tuas. Primarily serves the wholesale and institutional market. Part of the Metalor Technologies group, a global precious metals refiner and fabricator.
Soon Huat Goldsmith Pte Ltd
Established 1970s. Accredited by the Singapore Jewellers Association (SJA) and member of the Diamond Exchange of Singapore. Specialises in bespoke jewellery design, repairs, and ethically sourced, conflict-free materials.
Mustafa Centre (Mustafa's Pte Ltd)
One of Singapore's most searched gold retail destinations, particularly for 916 and 24K price comparisons. Daily rates are posted at the jewellery counter. Frequently cited for competitive per-gram pricing on plain gold, driven by high sales volume and the competitive Little India market.
Top Cash Jewellery
Part of Taka Jewellery Holdings. Operates multiple heartland outlets with pawn services, retail gold, and an active online presence via topcash.com.sg and Lazada.
1st Jewellery (City Plaza) Pte. Ltd.
Operates within City Plaza, which houses multiple gold dealers in one building — making it practical to compare rates from several sellers in a single visit. Services include buying, selling, pawning gold, and basic jewellery repairs.
Featured Dealers: Quick Comparison
| Dealer | Type | Products | Walk-in | Online | Storage | Buyback |
|---|---|---|---|---|---|---|
| LPM Singapore | Bullion dealer | Gold, silver, platinum, palladium, numismatics | Yes | Yes | Yes | Yes |
| BullionStar | Bullion dealer | Gold, silver, platinum | Yes | Yes | Yes | Yes |
| Silver Bullion | Bullion dealer | Gold, silver, platinum | Yes | Yes | Yes (The Reserve) | Yes |
| Metalor Technologies | Approved refiner (ARCS) | Gold, silver, platinum, palladium | Wholesale only | No | No | Wholesale |
| Soon Huat Goldsmith | Goldsmith | 916/999/18K gold, diamonds | Yes | No | No | Varies |
| Mustafa Centre | Gold retailer | 916/999 jewellery | Yes | Limited | No | Varies |
| Top Cash Jewellery | Pawnbroker + retailer | 916/999, diamonds | Yes | Yes | No | Yes |
| 1st Jewellery (City Plaza) | Pawnbroker + retailer | 916/999, pre-owned | Yes | No | No | Yes |
Gold Purity and Hallmarks: What Buyers Should Know
Whether you are buying from an investment bullion dealer or a neighbourhood goldsmith, understanding gold purity grades and hallmarks is essential. All gold items sold by registered dealers in Singapore must carry hallmarks confirming their purity.
- 999 / 24K — 99.9% pure gold. Investment-grade bars and coins. GST-exempt under Singapore's Investment Precious Metals (IPM) scheme at this purity level.
- 916 / 22K — 91.6% pure gold. The standard for everyday jewellery across Singapore and Asia. Durable enough for daily wear.
- 750 / 18K — 75% pure gold. Common in fine jewellery with gemstone settings.
- 585 / 14K — 58.5% pure gold. More common in Western-style jewellery.
For a complete breakdown of all karat grades, visit our gold karat chart. To learn how to read the hallmarks and purity stamps on any gold item, see our guide to hallmark gold in Singapore.
GST and Investment Precious Metals (IPM) in Singapore
Singapore's Investment Precious Metals (IPM) scheme exempts qualifying precious metals from Goods and Services Tax (GST). To qualify, products must meet minimum purity thresholds:
| Metal | Minimum Purity for GST Exemption | Common Form |
|---|---|---|
| Gold | 99.5% (995 fine or higher) | Investment bars, sovereign coins |
| Silver | 99.9% (999 fine or higher) | Investment bars, silver coins |
| Platinum | 99.0% (990 fine or higher) | Investment bars, platinum coins |
Gold jewellery (including 916/22K), most collectible coins, and items below these purity thresholds are subject to GST. Always confirm the GST treatment of any specific product with your dealer before purchasing. For more on Singapore's precious metals regulatory framework, visit our PSPM Act guide.
Bullion Storage in Singapore
For investors holding significant quantities of gold or silver, third-party vaulting offers security, insurance, and convenience. Singapore's position as a regional financial and logistics hub means institutional-grade storage is readily available.
- Le Freeport — 25,000 sqm climate-controlled freeport facility at 32 Changi North Crescent. Asia's first purpose-built freeport for valuables, modelled on Swiss free ports.
- Malca-Amit Singapore — Anchor tenant at the Singapore Freeport, near Changi Airport. Insures stored valuables through Lloyd's of London. Used by bullion banks and institutional dealers.
- The Reserve (Silver Bullion) — Private vault at 6 Changi South Street 3. Capacity for up to 500 tonnes of gold and 15,000 tonnes of silver. Includes safe deposit boxes and leased vaults for individuals and institutions.
For a full guide to storage options, fees, and considerations, see our bullion storage in Singapore page.
Frequently Asked Questions: Singapore Bullion Dealers
What is the PSPM Act and why does it matter?
The Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (PSPM Act) requires all dealers in precious metals and stones in Singapore to register with the Ministry of Law. It is an AML/CFT regulation — it establishes compliance obligations for dealers rather than setting product quality or pricing standards. See our full guide to the PSPM Act.
Does every gold business in Singapore need to be registered?
Yes — any business dealing in precious metals, precious stones, or items containing these materials must be registered under the PSPM Act, regardless of transaction volume or whether precious metals are the primary product. This includes jewellers, goldsmiths, pawnbrokers, bullion dealers, refiners, and any other business selling gold-containing items.
Is investment gold exempt from GST in Singapore?
Investment-grade gold meeting Singapore's IPM criteria (99.5% purity or higher) is GST-exempt. Gold jewellery, most collectible coins, and items below the purity threshold are subject to GST. Confirm the GST status of any specific product with your dealer before purchasing.
How do I verify a dealer is registered?
The Ministry of Law's ACD maintains a searchable public register of all regulated dealers at acd.mlaw.gov.sg. You can check whether a specific business is currently registered before transacting.
What is the difference between a bullion dealer and a jeweller?
Both must register under the PSPM Act. The key difference is product focus: bullion dealers primarily offer investment-grade bars and coins at prices close to spot, while jewellers sell wearable pieces that carry additional workmanship and design premiums. For investment purposes, a bullion dealer typically offers tighter spreads over spot. For wearable gold, a jeweller or goldsmith is the appropriate destination.
Where can I find the full list of registered dealers?
Our Singapore Bullion Dealers directory covers registered entities alphabetically. The authoritative and up-to-date register is maintained by Singapore's Ministry of Law at acd.mlaw.gov.sg.
Summary: Singapore's Precious Metals Market
Singapore's status as Asia's leading financial and logistics hub has made it one of the most developed precious metals markets in the region. The PSPM Act's broad registration requirement means buyers can transact with confidence that all dealers — from global bullion platforms to neighbourhood goldsmiths — are operating within a regulated framework with AML/CFT obligations.
For buyers, the practical steps remain the same regardless of dealer type: understand the purity grade of what you are buying (see our gold karat chart), check the hallmark on any physical item (see our hallmark gold guide), confirm the GST treatment, and compare at least two prices on the same day before committing.
For the complete alphabetical list of all registered Singapore bullion dealers, return to the main bullion dealers directory.