{"id":20796,"date":"2026-10-09T07:37:05","date_gmt":"2026-10-09T06:37:05","guid":{"rendered":"https:\/\/metalsradar.com\/?post_type=blog&#038;p=20796"},"modified":"2026-10-09T07:37:05","modified_gmt":"2026-10-09T06:37:05","slug":"cheapest-way-to-buy-gold-singapore","status":"publish","type":"blog","link":"https:\/\/metalsradar.com\/sg\/blog\/cheapest-way-to-buy-gold-singapore\/","title":{"rendered":"What Is the Cheapest Way to Buy Gold in Singapore?"},"content":{"rendered":"<div class=\"mrf-takeaways\">\n<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Short answer:<\/strong> the cheapest way to buy gold in Singapore is usually a GST-exempt investment bar or bullion coin of 1 oz or more, bought at the lowest premium over spot you can find after comparing dealers.<\/li>\n<li><strong>Our data:<\/strong> on 9 October 2026, 1 oz gold coins in our Singapore comparison cost between 3.3% and 9.5% over the spot price of S$5,375.88.<\/li>\n<li><strong>GST changes the ranking:<\/strong> the Krugerrand and the American Eagle are not on the IRAS list of GST-exempt gold coins, while the Kangaroo and the Buffalo are.<\/li>\n<li><strong>Jewellery is rarely cheap:<\/strong> 916 gold contains 91.6% gold, is not Investment Precious Metal (IPM) and is taxable at the 9% GST rate.<\/li>\n<li><strong>Size matters:<\/strong> small bars and coins cost more per gram, so one larger piece normally beats many small ones.<\/li>\n<\/ul>\n<\/div>\n<p>Gold in Singapore is easy to find. Banks, bullion dealers, jewellers on every heartland street and online shops all sell it. But the cheapest way to buy gold is not the shop with the lowest sticker price. It is the product that gives you the most fine gold for every dollar, after premiums, GST and selling costs.<\/p>\n<p>In this guide, we compare the main ways to buy gold in Singapore, show real 1 oz coin prices from our <a href=\"\/sg\/categories\/gold-investment\/\">investment gold comparison<\/a> on 9 October 2026, and explain how the IRAS rules on GST-exempt gold can make a &#8220;cheap&#8221; coin more expensive than it looks.<\/p>\n<h2>What Does &#8220;Cheapest&#8221; Mean When You Buy Gold?<\/h2>\n<p>Cheap gold is gold bought close to its metal value. That value comes from the <a href=\"\/sg\/glossary\/spot-price\/\">spot price<\/a>, the wholesale price of one troy ounce of gold for immediate delivery. On 9 October 2026, our data put gold at S$5,375.88 per troy ounce, or about S$172.84 per gram.<\/p>\n<p>Nobody buys retail gold at spot. Every coin, bar and ring carries a <a href=\"\/sg\/glossary\/premium-over-spot\/\">premium over spot<\/a> that pays for refining, minting, transport, insurance and the seller&#8217;s margin. So what should you compare? Four numbers:<\/p>\n<ul>\n<li>the premium you pay above the metal value,<\/li>\n<li>any GST added to the price,<\/li>\n<li>the cost of storing and insuring the gold,<\/li>\n<li>the price a dealer pays when you sell it back.<\/li>\n<\/ul>\n<h3>How to work out the real cost<\/h3>\n<p>You only need a calculator and today&#8217;s spot price:<\/p>\n<ul>\n<li>Metal value = spot price per ounce \u00d7 troy ounces of fine gold in the product<\/li>\n<li>Premium in % = (price you pay \u2212 metal value) \u00f7 metal value \u00d7 100<\/li>\n<\/ul>\n<p>A quick example with our data: a 1 oz Kangaroo cost S$5,564.17 on 9 October 2026. Its metal value was S$5,375.88. The premium was S$188.29, which is 3.5% over spot.<\/p>\n<p>You can follow the spot price during the day on our <a href=\"\/sg\/charts\/gold-price\/\">gold price chart<\/a> or check the <a href=\"\/sg\/charts\/gold-price\/gold-price-per-gram\/\">gold price per gram<\/a> if you think in grams rather than ounces.<\/p>\n<h2>Ways to Buy Gold in Singapore Compared<\/h2>\n<p>There are five common routes. They differ a lot in cost, in what you actually own, and in how easily you can sell.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Way to buy<\/th>\n<th>What you own<\/th>\n<th>Typical cost drivers<\/th>\n<th>GST<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Investment bars (LBMA refiners)<\/td>\n<td>Physical gold, usually 99.99%<\/td>\n<td>Low premium on larger sizes, higher on 1 g to 10 g<\/td>\n<td>Exempt if IPM criteria are met<\/td>\n<\/tr>\n<tr>\n<td>Bullion coins<\/td>\n<td>Physical gold, legal tender<\/td>\n<td>Slightly higher premium than bars of the same weight<\/td>\n<td>Exempt only for coins on the IRAS list<\/td>\n<\/tr>\n<tr>\n<td>916 jewellery<\/td>\n<td>Physical gold, 91.6% purity<\/td>\n<td>Workmanship and design charges, lower buyback<\/td>\n<td>Taxable at 9%<\/td>\n<\/tr>\n<tr>\n<td>Bank gold accounts<\/td>\n<td>A claim on gold held by the bank<\/td>\n<td>Buy and sell spread set by the bank<\/td>\n<td>Depends on the product<\/td>\n<\/tr>\n<tr>\n<td>Gold ETFs<\/td>\n<td>Fund units backed by gold<\/td>\n<td>Brokerage fees and the fund&#8217;s yearly expense ratio<\/td>\n<td>Check with your broker<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: Metals Radar summary; GST status from the IRAS e-Tax Guide &#8220;GST: Guide on Exemption of Investment Precious Metals (IPM)&#8221;, fourteenth edition, checked 9 October 2026. Fees vary by provider, so check each product&#8217;s terms.<\/figcaption><\/figure>\n<p>Which one is cheapest? For physical gold you hold yourself, IPM bars and coins almost always win. Paper gold can be cheaper to enter, but you trade the metal for a claim on someone else&#8217;s balance sheet.<\/p>\n<h2>1 oz Gold Coin Prices in Singapore: Our Data<\/h2>\n<p>What does this look like in real prices? On 9 October 2026, our Singapore price service recorded four 1 oz gold coins at Silver Bullion. Prices are single-coin prices before any delivery charge, which the dealer did not publish before checkout.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Coin (1 oz)<\/th>\n<th>Price<\/th>\n<th>Over spot<\/th>\n<th>Price per gram of gold<\/th>\n<th>On IRAS IPM list<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"\/sg\/categories\/krugerrand-gold-coins\/\">Krugerrand<\/a><\/td>\n<td>S$5,551.53<\/td>\n<td>3.3%<\/td>\n<td>S$178.49<\/td>\n<td>No<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/kangaroo-gold-coin\/\">Kangaroo<\/a><\/td>\n<td>S$5,564.17<\/td>\n<td>3.5%<\/td>\n<td>S$178.89<\/td>\n<td>Yes (Kangaroo Nugget)<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/american-buffalo-gold-coin\/\">American Buffalo<\/a><\/td>\n<td>S$5,717.68<\/td>\n<td>6.4%<\/td>\n<td>S$183.83<\/td>\n<td>Yes<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/american-eagle-gold-coin\/\">American Eagle<\/a><\/td>\n<td>S$5,884.16<\/td>\n<td>9.5%<\/td>\n<td>S$189.18<\/td>\n<td>No<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: Metals Radar price service, Singapore dealer listings, checked 9 October 2026. Spot: S$5,375.88 per troy ounce. Each coin contains 1 troy ounce (31.10 g) of fine gold. IPM status: IRAS e-Tax Guide on IPM, list of qualifying gold coins.<\/figcaption><\/figure>\n<p>The gap is wider than many buyers expect. The same ounce of gold cost S$332.63 more as an American Eagle than as a Krugerrand on the same day, from the same dealer. Today&#8217;s ranking is on our <a href=\"\/sg\/cheapest-gold-coins\/\">cheapest gold coins<\/a> page.<\/p>\n<figure class=\"mrf-chart\">\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 720 260\" role=\"img\" aria-labelledby=\"sgcw1\" style=\"width:100%;height:auto;font-family:inherit\">\n<title id=\"sgcw1\">Premium over spot for 1 oz gold coins in Singapore on 9 October 2026<\/title>\n<text x=\"20\" y=\"28\" font-size=\"15\" font-weight=\"600\" fill=\"#243044\">Premium over spot, 1 oz gold coins, Singapore, 9 October 2026<\/text>\n<text x=\"20\" y=\"75\" font-size=\"13\" fill=\"#243044\">Krugerrand<\/text>\n<rect x=\"200\" y=\"60\" width=\"147\" height=\"22\" rx=\"3\" fill=\"#8a94a6\"\/>\n<text x=\"355\" y=\"76\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">3.3%<\/text>\n<text x=\"20\" y=\"115\" font-size=\"13\" fill=\"#243044\">Kangaroo<\/text>\n<rect x=\"200\" y=\"100\" width=\"158\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/>\n<text x=\"366\" y=\"116\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">3.5%<\/text>\n<text x=\"20\" y=\"155\" font-size=\"13\" fill=\"#243044\">American Buffalo<\/text>\n<rect x=\"200\" y=\"140\" width=\"286\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/>\n<text x=\"494\" y=\"156\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">6.4%<\/text>\n<text x=\"20\" y=\"195\" font-size=\"13\" fill=\"#243044\">American Eagle<\/text>\n<rect x=\"200\" y=\"180\" width=\"425\" height=\"22\" rx=\"3\" fill=\"#8a94a6\"\/>\n<text x=\"633\" y=\"196\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">9.5%<\/text>\n<line x1=\"200\" y1=\"220\" x2=\"700\" y2=\"220\" stroke=\"#d9dee7\" stroke-width=\"1\"\/>\n<text x=\"20\" y=\"245\" font-size=\"12\" fill=\"#5b6475\">Gold colour: on the IRAS list of GST-exempt IPM coins. Grey: not on the list (22 carat).<\/text>\n<\/svg><figcaption>Source: Metals Radar price service, Singapore dealer listings, 9 October 2026. Premium = price \u00f7 (spot \u00d7 fine gold content) \u2212 1.<\/figcaption><\/figure>\n<h3>Why the cheapest coin may not be the cheapest buy<\/h3>\n<p>Look at the last column of the table. The Krugerrand has the lowest premium, but it is not on the IRAS list of qualifying gold coins. The reason is purity: the Krugerrand and the American Eagle are 22 carat coins, and IPM gold coins must be at least 99.5% pure.<\/p>\n<p>What does that mean for your wallet? A coin that is not IPM is a taxable supply. If 9% GST were added on top of the listed Krugerrand price, you would pay S$6,051.17, which is S$487.00 more than a GST-exempt Kangaroo at its listed price. We could not confirm from the listing whether the price already includes GST, so ask the dealer before you pay.<\/p>\n<h3>Price per gram tells the whole story<\/h3>\n<figure class=\"mrf-chart\">\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 720 230\" role=\"img\" aria-labelledby=\"sgcw3\" style=\"width:100%;height:auto;font-family:inherit\">\n<title id=\"sgcw3\">Price per gram of fine gold for 1 oz gold coins in Singapore compared with spot, 9 October 2026<\/title>\n<text x=\"20\" y=\"28\" font-size=\"15\" font-weight=\"600\" fill=\"#243044\">Price per gram of fine gold, Singapore, 9 October 2026<\/text>\n<text x=\"20\" y=\"65\" font-size=\"13\" fill=\"#243044\">Spot (melt value)<\/text><rect x=\"220\" y=\"50\" width=\"183\" height=\"22\" rx=\"3\" fill=\"#243044\"\/><text x=\"411\" y=\"66\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">S$172.84<\/text>\n<text x=\"20\" y=\"97\" font-size=\"13\" fill=\"#243044\">Krugerrand 1 oz<\/text><rect x=\"220\" y=\"82\" width=\"228\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/><text x=\"456\" y=\"98\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">S$178.49<\/text>\n<text x=\"20\" y=\"129\" font-size=\"13\" fill=\"#243044\">Kangaroo 1 oz<\/text><rect x=\"220\" y=\"114\" width=\"231\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/><text x=\"459\" y=\"130\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">S$178.89<\/text>\n<text x=\"20\" y=\"161\" font-size=\"13\" fill=\"#243044\">American Buffalo 1 oz<\/text><rect x=\"220\" y=\"146\" width=\"271\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/><text x=\"499\" y=\"162\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">S$183.83<\/text>\n<text x=\"20\" y=\"193\" font-size=\"13\" fill=\"#243044\">American Eagle 1 oz<\/text><rect x=\"220\" y=\"178\" width=\"313\" height=\"22\" rx=\"3\" fill=\"#c9a227\"\/><text x=\"541\" y=\"194\" font-size=\"13\" font-weight=\"600\" fill=\"#243044\">S$189.18<\/text>\n<text x=\"20\" y=\"224\" font-size=\"12\" fill=\"#5b6475\">Bars start at S$150 per gram to make the differences visible.<\/text><\/svg><figcaption>Source: Metals Radar price service and spot-history feed, 9 October 2026. Price per gram = coin price \u00f7 31.1035 g of fine gold.<\/figcaption><\/figure>\n<p>Price per gram of fine gold is the fairest way to compare products of different sizes and purities. Spot works out at S$172.84 per gram. The cheapest coins in our data cost about S$6 per gram more than that, the most expensive about S$16 more.<\/p>\n<h2>Is Gold GST-Exempt in Singapore?<\/h2>\n<p>Yes, if it qualifies as Investment Precious Metals. According to the <a href=\"https:\/\/www.iras.gov.sg\/media\/docs\/default-source\/uploadedfiles\/pdf\/gst-guide-on-exemption-of-investment-precious-metalsb990.pdf?sfvrsn=abc2cb1a_4\" rel=\"noopener\" target=\"_blank\">IRAS guide on the exemption of IPM<\/a>, the import and local supply of IPM have been exempt from GST since 1 October 2012. Everything else is taxed at the standard rate, which IRAS lists as <a href=\"https:\/\/www.iras.gov.sg\/taxes\/goods-services-tax-(gst)\/basics-of-gst\/current-gst-rates\" rel=\"noopener\" target=\"_blank\">9%<\/a>.<\/p>\n<p>For a gold bar, ingot or wafer, IRAS sets these conditions:<\/p>\n<ul>\n<li>gold of at least 99.5% purity,<\/li>\n<li>made by a refiner on the <a href=\"https:\/\/www.lbma.org.uk\/good-delivery\/gold-current-list\" rel=\"noopener\" target=\"_blank\">LBMA Good Delivery list<\/a>, an LPPM-accredited refiner or one endorsed by Enterprise Singapore,<\/li>\n<li>not a decorative or collector&#8217;s bar, so a bar with a hole for a pendant or an animal-shaped bar does not qualify.<\/li>\n<\/ul>\n<p>Coins must also be at least 99.5% gold and be, or have been, legal tender. To make things simple, the GST Act lists the qualifying coins by name. The gold list includes, among others:<\/p>\n<ul>\n<li>America Buffalo,<\/li>\n<li>Australia Kangaroo Nugget and Australia Lunar,<\/li>\n<li>Austria Philharmonic,<\/li>\n<li>Canada Maple Leaf,<\/li>\n<li>China Panda,<\/li>\n<li>Singapore Lion,<\/li>\n<li>United Kingdom Britannia (gold coins minted from 2013 onwards).<\/li>\n<\/ul>\n<p>Proof, numismatic and collector&#8217;s versions are excluded even when the coin name is on the list. Our glossary entry on <a href=\"\/sg\/glossary\/investment-precious-metals-gst\/\">investment precious metals and GST<\/a> gives a shorter summary.<\/p>\n<h2>Bars or Coins: Which Is Cheaper?<\/h2>\n<p>Gold bars usually carry a lower premium than coins of the same weight. A bar is a plain block of metal, while a sovereign coin has a detailed design, a face value and the cost of a government mint behind it. In return, well-known coins are recognised everywhere and are easy to sell in small amounts.<\/p>\n<p>Choose a bar if:<\/p>\n<ul>\n<li>you want the lowest cost per gram for a larger amount,<\/li>\n<li>you plan to hold the gold for years,<\/li>\n<li>you buy from a refiner on the LBMA list, so the bar is GST-exempt.<\/li>\n<\/ul>\n<p>Choose a coin if:<\/p>\n<ul>\n<li>you want something that any dealer will recognise at once,<\/li>\n<li>you may sell small amounts at different times,<\/li>\n<li>you prefer a coin on the IRAS list, such as the Kangaroo or the Maple Leaf.<\/li>\n<\/ul>\n<p>You can compare all weights on our <a href=\"\/sg\/categories\/gold-bars\/\">gold bar price comparison<\/a> and our <a href=\"\/sg\/categories\/gold-coins\/\">gold coin prices<\/a>.<\/p>\n<h3>Bar size and melt value<\/h3>\n<p>Our Singapore bar listings had no current dealer prices on 9 October 2026, so the table below shows the metal value of common sizes. It is the floor that no honest dealer can go below.<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Bar size<\/th>\n<th>Fine gold<\/th>\n<th>Metal value (9 October 2026)<\/th>\n<th>Who it suits<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"\/sg\/categories\/1-gram-gold-bars\/\">1 g<\/a><\/td>\n<td>1 g<\/td>\n<td>S$172.84<\/td>\n<td>Gifts and first purchases<\/td>\n<\/tr>\n<tr>\n<td>10 g<\/td>\n<td>10 g<\/td>\n<td>S$1,728.39<\/td>\n<td>Small regular savings<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/1-oz-gold-bars\/\">1 oz<\/a><\/td>\n<td>31.10 g<\/td>\n<td>S$5,375.88<\/td>\n<td>The standard bullion unit<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/100-gram-gold-bars\/\">100 g<\/a><\/td>\n<td>100 g<\/td>\n<td>S$17,283.86<\/td>\n<td>Lower cost per gram<\/td>\n<\/tr>\n<tr>\n<td><a href=\"\/sg\/categories\/1-kilo-gold-bars\/\">1 kg<\/a><\/td>\n<td>1,000 g<\/td>\n<td>S$172,838.56<\/td>\n<td>Large holdings, usually vaulted<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: Metals Radar spot-history feed, gold S$5,375.88 per troy ounce on 9 October 2026. Metal value = spot \u00d7 fine gold weight (1 g = 0.0321507 troy oz). Dealer prices are higher by the premium.<\/figcaption><\/figure>\n<p>Why do small bars cost more? Making, testing and packing a 1 g bar takes almost the same effort as a 1 oz bar, but the cost is spread over 31 times less gold. So the percentage premium on small sizes is much higher. If your budget allows one 1 oz piece, it is normally cheaper than thirty-one 1 g bars.<\/p>\n<h2>Why 916 Jewellery Is Rarely the Cheapest Way<\/h2>\n<p>Many Singapore families buy 916 gold for weddings and festivals, and it has real cultural value. As an investment, though, it is an expensive way to own gold.<\/p>\n<p>916 gold is 22 carat gold, which contains 91.6% gold. Our glossary entry on <a href=\"\/sg\/glossary\/karat\/\">carat<\/a> explains the scale. Here is what that means at 9 October 2026 prices:<\/p>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>10 grams of<\/th>\n<th>Fine gold inside<\/th>\n<th>Metal value<\/th>\n<th>GST<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>916 jewellery (22 carat)<\/td>\n<td>9.16 g<\/td>\n<td>S$1,583.20<\/td>\n<td>9%, not IPM<\/td>\n<\/tr>\n<tr>\n<td>999.9 IPM bar<\/td>\n<td>9.999 g<\/td>\n<td>S$1,728.21<\/td>\n<td>Exempt<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: Metals Radar spot-history feed, 9 October 2026; IRAS e-Tax Guide on IPM lists jewellery as an example of non-IPM. Shop prices for jewellery also include workmanship charges, which vary by shop and design.<\/figcaption><\/figure>\n<p>Three costs pile up. You pay for design and workmanship, you pay GST on the full price, and when you sell, buyers price old jewellery by its gold content. That is why jewellery belongs in the &#8220;wear it and enjoy it&#8221; box, not the &#8220;cheapest way to buy gold&#8221; box.<\/p>\n<h2>Paper Gold: Bank Accounts and ETFs<\/h2>\n<p>Do you need to hold the metal at all? If you only want price exposure, paper gold can be cheaper to enter and easier to sell.<\/p>\n<ul>\n<li>Some Singapore banks, UOB among them, offer gold and silver investment products where you buy and sell gold in your account without taking delivery.<\/li>\n<li>Gold exchange-traded funds, including some listed on the Singapore Exchange, let you buy fund units backed by gold through a brokerage account.<\/li>\n<\/ul>\n<p>The catch is counterparty risk. With physical gold, no bank or fund manager has to keep a promise for your gold to exist. With paper gold, you own a claim. Fees also add up: a fund charges a yearly expense ratio, and a bank sets its own <a href=\"\/sg\/glossary\/bid-ask-spread\/\">bid-ask spread<\/a>. Over ten or twenty years, a small yearly fee can cost more than a one-off premium on a bar.<\/p>\n<h2>How to Buy Gold Cheaply: Step by Step<\/h2>\n<p>You cannot avoid premiums, but you can keep them low. These steps work for most buyers in Singapore.<\/p>\n<h3>Step 1: Pick a GST-exempt product<\/h3>\n<p>Check the coin against the IRAS list, or check that the bar comes from an LBMA Good Delivery refiner. This one step can save you 9%.<\/p>\n<h3>Step 2: Buy the largest size you can afford<\/h3>\n<p>A 1 oz coin or bar, or a 100 g bar, gives you far more gold per dollar than 1 g or 5 g pieces.<\/p>\n<h3>Step 3: Compare the same product across dealers<\/h3>\n<p>Premiums differ between shops and change during the day. Our <a href=\"\/sg\/dealers\/\">Singapore dealer list<\/a> shows the shops we track.<\/p>\n<h3>Step 4: Prefer common bullion over special editions<\/h3>\n<p>Random-year coins and standard bars cost less than dated, proof or limited coins. If you follow new releases, our article on the <a href=\"\/sg\/blog\/kangaroo-2027\/\">Kangaroo 2027 gold coin<\/a> explains what is confirmed so far.<\/p>\n<h3>Step 5: Count delivery, storage and payment fees<\/h3>\n<p>A low price with paid delivery or a card surcharge can end up costing more than a slightly higher price without them.<\/p>\n<h3>Step 6: Ask for the buyback price<\/h3>\n<p>The round trip matters. A product with a low premium and a strong buyback price loses the least value when you sell.<\/p>\n<h2>Is Timing a Cheaper Way to Buy?<\/h2>\n<p>Many buyers wait for a dip. Sometimes it works, often it does not. Over the twelve months to 9 October 2026, gold in Singapore dollars moved within a wide range.<\/p>\n<figure class=\"mrf-chart\">\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 720 320\" role=\"img\" aria-labelledby=\"sgcw2\" style=\"width:100%;height:auto;font-family:inherit\">\n<title id=\"sgcw2\">Gold spot price in Singapore dollars per troy ounce, 9 October 2025 to 9 October 2026<\/title>\n<line x1=\"78\" x2=\"700\" y1=\"249.1\" y2=\"249.1\" stroke=\"#e5e9f0\"\/><text x=\"70\" y=\"253.1\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">5,000<\/text>\n<line x1=\"78\" x2=\"700\" y1=\"196.8\" y2=\"196.8\" stroke=\"#e5e9f0\"\/><text x=\"70\" y=\"200.8\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">5,500<\/text>\n<line x1=\"78\" x2=\"700\" y1=\"144.5\" y2=\"144.5\" stroke=\"#e5e9f0\"\/><text x=\"70\" y=\"148.5\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">6,000<\/text>\n<line x1=\"78\" x2=\"700\" y1=\"92.3\" y2=\"92.3\" stroke=\"#e5e9f0\"\/><text x=\"70\" y=\"96.3\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">6,500<\/text>\n<line x1=\"78\" x2=\"700\" y1=\"40.0\" y2=\"40.0\" stroke=\"#e5e9f0\"\/><text x=\"70\" y=\"44.0\" text-anchor=\"end\" font-size=\"12\" fill=\"#56637a\">7,000<\/text>\n<polyline fill=\"none\" stroke=\"#c9a227\" stroke-width=\"2.5\" points=\"78.0,227.8 79.7,230.2 81.4,226.6 83.1,226.3 84.8,217.4 86.5,208.7 88.2,203.4 89.9,194.5 91.6,190.1 93.3,196.3 95.0,196.3 96.7,189.8 98.4,198.3 100.2,217.0 101.9,212.7 103.6,214.2 105.3,213.0 107.0,213.4 108.7,225.1 110.4,236.5 112.1,232.7 113.8,230.5 115.5,226.6 117.2,227.5 118.9,227.6 120.6,225.8 122.3,229.6 124.0,229.3 125.7,226.9 127.4,226.5 129.1,226.5 130.8,226.5 132.5,215.8 134.2,209.1 135.9,205.9 137.6,200.5 139.3,208.9 141.1,216.2 142.8,216.1 144.5,217.8 146.2,220.7 147.9,214.3 149.6,215.2 151.3,216.3 153.0,215.8 154.7,215.7 156.4,214.6 158.1,208.4 159.8,206.9 161.5,207.6 163.2,203.2 164.9,199.1 166.6,199.1 168.3,197.5 170.0,201.1 171.7,201.4 173.4,202.8 175.1,200.9 176.8,203.3 178.5,203.3 180.2,202.2 182.0,202.5 183.7,201.6 185.4,198.1 187.1,191.3 188.8,191.1 190.5,191.1 192.2,188.9 193.9,192.0 195.6,186.9 197.3,186.7 199.0,186.3 200.7,185.5 202.4,185.4 204.1,176.0 205.8,169.7 207.5,168.9 209.2,169.9 210.9,164.7 212.6,162.7 214.3,162.7 216.0,177.2 217.7,186.1 219.4,189.8 221.1,190.9 222.8,185.9 224.6,189.4 226.3,189.2 228.0,175.8 229.7,169.9 231.4,174.0 233.1,175.0 234.8,168.5 236.5,165.0 238.2,164.8 239.9,154.2 241.6,153.5 243.3,149.1 245.0,151.5 246.7,152.4 248.4,152.6 250.1,152.4 251.8,144.2 253.5,138.2 255.2,122.0 256.9,120.7 258.6,108.9 260.3,105.1 262.0,104.9 263.7,99.6 265.5,97.1 267.2,75.0 268.9,50.3 270.6,98.8 272.3,122.9 274.0,123.6 275.7,150.0 277.4,121.3 279.1,105.5 280.8,123.2 282.5,121.0 284.2,110.3 285.9,110.0 287.6,103.8 289.3,105.7 291.0,103.3 292.7,110.0 294.4,112.2 296.1,105.6 297.8,105.7 299.5,112.4 301.2,123.9 302.9,117.9 304.6,110.5 306.4,103.2 308.1,94.2 309.8,93.9 311.5,86.7 313.2,87.9 314.9,85.7 316.6,87.0 318.3,82.0 320.0,73.1 321.7,72.6 323.4,60.0 325.1,74.8 326.8,83.4 328.5,87.2 330.2,85.3 331.9,79.0 333.6,79.6 335.3,88.7 337.0,81.8 338.7,81.1 340.4,86.6 342.1,91.9 343.8,99.6 345.5,99.7 347.2,101.3 349.0,102.2 350.7,114.3 352.4,141.0 354.1,153.2 355.8,170.6 357.5,170.5 359.2,184.4 360.9,183.0 362.6,162.8 364.3,175.4 366.0,171.5 367.7,167.1 369.4,167.2 371.1,162.7 372.8,150.9 374.5,136.6 376.2,144.9 377.9,143.2 379.6,143.2 381.3,143.7 383.0,145.3 384.7,145.2 386.4,135.3 388.1,138.8 389.9,137.3 391.6,138.7 393.3,139.7 395.0,141.5 396.7,133.8 398.4,132.2 400.1,132.5 401.8,130.6 403.5,129.4 405.2,130.0 406.9,133.0 408.6,138.2 410.3,140.0 412.0,143.1 413.7,143.8 415.4,142.6 417.1,142.9 418.8,146.5 420.5,155.8 422.2,161.8 423.9,156.0 425.6,155.4 427.3,154.7 429.0,154.7 430.8,163.9 432.5,163.8 434.2,151.5 435.9,147.4 437.6,146.5 439.3,146.9 441.0,147.2 442.7,147.9 444.4,145.4 446.1,146.9 447.8,148.3 449.5,160.7 451.2,164.3 452.9,164.2 454.6,163.7 456.3,166.0 458.0,168.6 459.7,166.0 461.4,167.0 463.1,168.3 464.8,167.6 466.5,162.0 468.2,167.7 469.9,174.8 471.6,178.2 473.4,166.2 475.1,165.1 476.8,165.1 478.5,171.2 480.2,169.9 481.9,174.3 483.6,171.8 485.3,180.8 487.0,190.6 488.7,190.6 490.4,189.1 492.1,193.0 493.8,213.6 495.5,217.5 497.2,207.3 498.9,205.5 500.6,204.7 502.3,191.8 504.0,191.3 505.7,192.5 507.4,197.1 509.1,210.4 510.8,210.6 512.5,210.7 514.3,205.0 516.0,212.6 517.7,224.0 519.4,228.8 521.1,223.7 522.8,218.4 524.5,219.2 526.2,225.2 527.9,228.7 529.6,226.9 531.3,218.8 533.0,208.6 534.7,208.4 536.4,208.3 538.1,209.3 539.8,213.3 541.5,219.1 543.2,216.7 544.9,216.8 546.6,215.6 548.3,216.0 550.0,226.0 551.7,225.7 553.4,225.6 555.2,231.3 556.9,232.1 558.6,229.6 560.3,229.8 562.0,230.5 563.7,223.9 565.4,214.6 567.1,221.0 568.8,224.8 570.5,224.6 572.2,224.2 573.9,220.4 575.6,226.2 577.3,226.2 579.0,220.7 580.7,228.1 582.4,230.3 584.1,230.0 585.8,228.4 587.5,225.5 589.2,209.9 590.9,200.9 592.6,194.0 594.3,189.9 596.0,189.9 597.8,189.6 599.5,184.4 601.2,181.8 602.9,185.4 604.6,188.9 606.3,186.4 608.0,186.4 609.7,184.1 611.4,186.6 613.1,181.7 614.8,173.6 616.5,164.3 618.2,161.2 619.9,161.0 621.6,154.4 623.3,154.5 625.0,158.2 626.7,159.6 628.4,167.7 630.1,179.9 631.8,179.9 633.5,180.9 635.2,188.5 636.9,193.1 638.7,181.4 640.4,182.1 642.1,184.9 643.8,184.9 645.5,188.6 647.2,189.5 648.9,190.5 650.6,193.3 652.3,195.5 654.0,195.3 655.7,195.4 657.4,199.5 659.1,200.7 660.8,197.3 662.5,194.0 664.2,187.9 665.9,187.2 667.6,187.3 669.3,191.0 671.0,192.9 672.7,196.0 674.4,199.9 676.1,199.2 677.8,199.2 679.6,199.4 681.3,216.0 683.0,216.6 684.7,214.8 686.4,211.7 688.1,218.1 689.8,218.1 691.5,218.0 693.2,218.1 694.9,214.8 696.6,222.1 698.3,216.6 700.0,209.8\"\/>\n<circle cx=\"268.9\" cy=\"50.3\" r=\"5\" fill=\"#243044\"\/><text x=\"276.9\" y=\"54.3\" font-size=\"12\" fill=\"#243044\">S$6,901 (29 Jan 2026)<\/text>\n<circle cx=\"700.0\" cy=\"209.8\" r=\"5\" fill=\"#243044\"\/><text x=\"692.0\" y=\"197.8\" text-anchor=\"end\" font-size=\"12\" fill=\"#243044\">S$5,376 (9 Oct 2026)<\/text>\n<text x=\"78.0\" y=\"295\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Oct 2025<\/text>\n<text x=\"234.8\" y=\"295\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Jan 2026<\/text>\n<text x=\"388.1\" y=\"295\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Apr 2026<\/text>\n<text x=\"543.2\" y=\"295\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Jul 2026<\/text>\n<text x=\"700.0\" y=\"295\" text-anchor=\"middle\" font-size=\"12\" fill=\"#56637a\">Oct 2026<\/text>\n<\/svg><figcaption>Gold spot price in SGD per troy ounce, daily, 9 October 2025 to 9 October 2026. Source: Metals Radar spot-history feed.<\/figcaption><\/figure>\n<p>Gold peaked at S$6,901.39 on 29 January 2026 and stood at S$5,375.88 on 9 October 2026. Over the full year, the price rose 3.3% from S$5,203.29. Nobody can reliably call the top or the bottom.<\/p>\n<p>A steadier approach is to buy a fixed amount at regular intervals. You will not hit the lowest price, but you will not put everything in at the highest one either. And whatever the spot price does, a low premium and no GST are savings you lock in on the day you buy.<\/p>\n<h2>Summary: Cheapest Way to Buy Gold<\/h2>\n<figure class=\"mrf-table\">\n<table>\n<thead>\n<tr>\n<th>Question<\/th>\n<th>Short answer<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Cheapest way to own physical gold<\/td>\n<td>GST-exempt IPM bars or coins, 1 oz and larger<\/td>\n<\/tr>\n<tr>\n<td>1 oz coin premiums in Singapore<\/td>\n<td>3.3% to 9.5% over spot (9 October 2026)<\/td>\n<\/tr>\n<tr>\n<td>Biggest hidden cost<\/td>\n<td>9% GST on gold that is not IPM<\/td>\n<\/tr>\n<tr>\n<td>Most expensive route<\/td>\n<td>916 jewellery: lower purity, workmanship, GST<\/td>\n<\/tr>\n<tr>\n<td>Cheapest to enter without metal<\/td>\n<td>Paper gold, with counterparty risk and ongoing fees<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption>Source: Metals Radar price service and IRAS, checked 9 October 2026.<\/figcaption><\/figure>\n<h2>FAQ: Cheapest Way to Buy Gold<\/h2>\n<h3>What is the cheapest way to buy gold in Singapore?<\/h3>\n<p>The cheapest way to buy gold in Singapore is usually a GST-exempt bar or bullion coin of 1 oz or more, bought at the lowest premium after comparing several dealers.<\/p>\n<h3>Is it cheaper to buy gold bars or gold coins?<\/h3>\n<p>Gold bars are usually cheaper than coins of the same weight, because they cost less to make. Popular bullion coins are a little more expensive but easier to recognise and resell.<\/p>\n<h3>Do I pay GST when I buy gold in Singapore?<\/h3>\n<p>No, not on Investment Precious Metals. Bars of at least 99.5% gold from accredited refiners and coins on the IRAS list are exempt, while jewellery and other non-IPM gold are taxed at 9%.<\/p>\n<h3>Is the Krugerrand GST-exempt in Singapore?<\/h3>\n<p>No, the gold Krugerrand is not on the IRAS list of qualifying gold coins, because it is 22 carat gold. The silver Krugerrand is a different case and appears on the silver list.<\/p>\n<h3>Is 916 gold a good investment?<\/h3>\n<p>916 gold is not a cheap way to invest, because it contains 91.6% gold, carries workmanship charges and is taxable at 9%. Buy it for wearing, not for the lowest cost per gram.<\/p>\n<h3>Is buying gold online cheaper than in a shop?<\/h3>\n<p>Online prices are often easier to compare, but they are not always cheaper. Add delivery, insurance and payment fees before you decide.<\/p>\n<h2>Compare Gold Prices Before You Buy<\/h2>\n<p>The spot price is the same for everyone. What you pay above it is not, and in our data the gap between the cheapest and the most expensive 1 oz coin was more than S$330 on a single day.<\/p>\n<p>Metals Radar compares gold prices at Singapore dealers and ranks offers by final price, never by who pays. Start with <a href=\"\/sg\/categories\/gold-investment\/\">investment gold prices<\/a>, check the <a href=\"\/sg\/cheapest-gold-coins\/\">cheapest gold coins today<\/a>, and follow the <a href=\"\/sg\/charts\/gold-price\/\">gold price in SGD<\/a> before you place your order.<\/p>\n<p class=\"mrf-disclaimer\"><em>This article is for informational purposes only and is not investment or tax advice.<\/em><\/p>\n","protected":false},"featured_media":20788,"template":"","format":"standard","meta":{"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0},"class_list":["post-20796","blog","type-blog","status-publish","format-standard","has-post-thumbnail","hentry"],"taxonomy_info":[],"featured_image_src_large":["https:\/\/metalsradar.com\/wp-content\/uploads\/2026\/10\/cheapest-way-to-buy-gold-singapore-1024x576.webp",1024,576,true],"author_info":[],"comment_info":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/blog\/20796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/types\/blog"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/media\/20788"}],"wp:attachment":[{"href":"https:\/\/metalsradar.com\/sg\/wp-json\/wp\/v2\/media?parent=20796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}