Keep Informed on Gold Prices on Metals Radar
Gold has long been viewed as a reliable store of value — especially in Singapore, where preserving wealth and diversifying assets is a top priority for many investors. Whether you’re looking to hedge against inflation, protect your portfolio from volatility, or monitor market trends, following real-time gold prices can help you identify the right moments to buy or sell.
Use our interactive chart to explore historical gold price movements — from the past month to 20 years — and gain insights that support smarter investment decisions.
What Is the Gold Spot Price?
The gold spot price represents the current global market rate for 24-karat gold, quoted per troy ounce (approximately 31.1 grams). This rate reflects the value of investment-grade gold with 99.99% purity.
It’s important to note: the price of gold jewellery is often lower per gram than the spot price due to lower purity (e.g., 22K or 18K) and the inclusion of design and labour costs.
Why Troy Ounces Matter in Gold Trading
In Singapore and globally, gold is measured in troy ounces — not standard ounces. One troy ounce equals about 31.1035 grams, slightly heavier than the conventional ounce (28.3495 grams). A single kilogram equals roughly 32.15 troy ounces.
When buying investment gold, weights are typically listed in troy ounces — from small fractional coins (e.g., 1/10 oz) to large bullion bars (up to 100 oz).
Who Determines the Gold Price?
Gold prices are influenced by international exchanges and institutional benchmarks. Globally:
- The London Bullion Market Association (LBMA) sets daily gold fixings used as reference prices for large-scale transactions.
- COMEX, part of the CME Group in the U.S., is a leading futures exchange where gold’s spot and futures prices are actively shaped by trading volumes and investor sentiment.
While these benchmarks are global, they directly impact prices quoted by local dealers and investment platforms in Singapore.
What Drives Gold Prices?
Several global and local factors influence gold’s value. Understanding these variables helps investors anticipate trends and act accordingly:
- Supply & Demand: Limited mine output and rising extraction costs contribute to long-term value. Gold is finite — and its scarcity supports its role as a store of wealth.
- Interest Rates: Lower interest rates often boost gold demand as opportunity costs of holding non-yielding assets decrease.
- Currency Strength: Since gold is typically priced in USD, fluctuations in the Singapore dollar (SGD) can affect local gold prices.
- Geopolitical & Economic Uncertainty: In times of crisis or inflation, demand for gold tends to rise as investors seek safety.
Gold Demand Across Sectors
Gold’s global demand is driven by diverse sectors:
- Jewellery – Especially strong in Asia, including markets like India and China.
- Investment – Used by individuals and institutions as a hedge and long-term asset.
- Technology – Essential in electronics, medical devices, and aerospace.
- Central Banks – Held in reserves to diversify and stabilize national holdings.
Monitor Singapore Gold Prices Live
With Metals Radar, you can track gold prices in real time and gain access to powerful historical data tools. Whether you’re planning your first bullion purchase or actively managing a portfolio, staying informed is key to buying at the right time and maximising returns.
Stay ahead of the market — explore our gold price chart now and make better-informed decisions today.