Rand Refinery
Country: South Africa
Year founded: 1920
Most popular products: Gold Krugerrands, intermediates for the jewelry industry and kilogram investment gold bars

Rand Refinery: Africa’s Premier Gold Refiner – Trusted by Singapore Investors
Rand Refinery, headquartered in South Africa and founded in 1920, stands as one of the world’s most important names in precious metals refining. As the largest integrated single-site refining and smelting facility globally, it has refined over 50,000 tons of gold—approximately one-third of all gold ever mined.
Best known as the exclusive supplier of gold for the legendary South African Krugerrand, Rand Refinery is internationally respected for its quality, consistency, and century-long history. For investors in Singapore—where gold is viewed as a key asset for wealth preservation—Rand Refinery bullion offers a powerful combination of credibility, purity, and global liquidity.
Rand Refinery: A Legacy Forged from South Africa’s Gold Rush
Established by the Chamber of Mines of South Africa, Rand Refinery was created to reduce the country’s dependence on British refineries by processing gold domestically. At the height of South Africa’s gold boom, this move gave the nation greater control, speed, and economic sovereignty.
Initially refining gold to 99.6% purity, the refinery later upgraded to .9999 fine gold as global investment standards evolved. Today, Rand Refinery remains central to South Africa’s bullion ecosystem and plays a vital role in jewellery manufacturing, minting, and central bank supply chains.
It also supports initiatives like the Silver and Gold Mentorship Programme, aimed at developing local expertise in precious metals artistry and entrepreneurship.
The South African Krugerrand: Rand Refinery’s Iconic Contribution
While Rand Refinery does not mint coins directly, it is the sole gold supplier for the Krugerrand—the world’s most widely traded gold bullion coin since its 1967 debut.
- Gold Source: Rand Refinery
- Minting Partner: South African Mint
- Composition: 22-karat gold (91.67% gold + 8.33% copper), giving the coin a distinctive reddish hue
Krugerrand Design:
- Obverse: Paul Kruger, President of the former South African Republic
- Reverse: Springbok antelope, a symbol of South Africa’s natural heritage
Available in 1 oz, ½ oz, ¼ oz, and 1/10 oz sizes, the Krugerrand offers Singapore investors:
- Global recognition
- High liquidity
- Tangible value backed by over 50 years of investor trust
Rand Refinery Bullion: High-Purity Gold and Silver for Singapore Portfolios
Gold Bars
- Purity: .9999 (24-karat)
- Sizes: From 1 oz to 1 kg
- Design Features:
- The Springbok emblem inside a double-ringed border
- Engraved “Rand Refinery Ltd – South Africa”
- Serial numbers (on select minted bars)
For institutional holdings, Rand Refinery also produces 400 oz Good Delivery bars—approved for use in the London Gold Market, IMF holdings, and by central banks globally.
Silver Bars
- Offered in a range of sizes
- Ideal for investors looking to diversify into silver
- Minted to high standards, suitable for both retail and institutional allocation
All bars come with packaging that enhances traceability and resale confidence, especially important in Singapore’s regulated and performance-focused investment climate.
International Recognition and Accreditation
Rand Refinery is held in high regard by global financial institutions, precious metals traders, and regulatory bodies. It is:
- ✅ A Good Delivery certified refiner for both gold and silver
- ✅ An LBMA full member and one of the few Good Delivery Referees worldwide
- ✅ A member of the Responsible Jewellery Council (RJC)
- ✅ The only LBMA-accredited refiner in Africa
These accreditations make Rand Refinery products widely accepted in Singapore’s bullion market and easy to resell both regionally and globally.
Why Singapore Investors Choose Rand Refinery
In a market known for its emphasis on asset security, purity standards, and international liquidity, Rand Refinery stands out as a reliable and institutional-grade choice for Singapore-based investors.
Advantages Include:
- LBMA Good Delivery accreditation
- Krugerrand credibility – world’s most recognised gold coin
- Wide bar size availability for retail and institutional portfolios
- Strong secondary market presence across Asia
- Backed by a 100+ year refining legacy
Whether you’re diversifying a family office portfolio, making your first physical gold investment, or acquiring GST-exempt bullion under Singapore’s IPM (Investment Precious Metals) scheme, Rand Refinery offers secure, transparent value.
Compare Rand Refinery Bullion in Singapore with Metals Radar
At Metals Radar Singapore, we help you discover, compare, and invest in Rand Refinery gold and silver products from verified dealers. Track live premiums, packaging types, and dealer ratings—all in one place.
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