Tax on gold in Singapore: GST and capital gains calculator
Investment Precious Metals (gold, silver and platinum of investment grade) are exempt from GST in Singapore; other metal pays 9%. Singapore has no capital gains tax for individuals who hold metal as an investment.
Gold and silver tax calculator
Enter what you bought and, if you like, what you sell it for. You get the VAT or GST in the price and an estimate of the tax on the sale.
Singapore rules for individuals
When you buy
- No GST on IPM: gold of at least 99.5%, silver of at least 99.9% and platinum of at least 99% purity, from approved refiners or on the IRAS coin list.
- 9% GST on palladium, jewellery and collector coins.
When you sell
- No capital gains tax on investment gains for individuals.
- Trading income: IRAS may tax the profit if you buy and sell like a trader.
Official sources: IRAS e-Tax Guide: GST exemption of Investment Precious Metals · IRAS: gains from sale of property, shares and financial instruments. Rules checked on 12 Oct 2026.
FAQ
Is there GST on gold in Singapore?
Not on Investment Precious Metals: gold bars from approved refiners and listed bullion coins of at least 99.5% purity. Jewellery and collector coins pay 9% GST.
Is silver GST free in Singapore?
Yes, for silver of at least 99.9% purity that meets the IPM conditions. Other silver pays 9% GST.
Do you pay tax when you sell gold in Singapore?
Not as a private investor: Singapore has no capital gains tax. Profits can be taxed as income only if IRAS sees your activity as trading.
Is palladium covered by the IPM exemption?
No. The exemption covers gold, silver and platinum only, so palladium pays 9% GST.
metalsradar.com compares precious metals prices and does not sell metal. This page explains the general rules for private individuals and is not tax advice. Your tax depends on your whole situation, so check it with a tax adviser or the tax office before you buy or sell.