Gold Price in Singapore Dollars (SGD)
The default currency for calculating the price of gold is the dollar. Unfortunately for Singaporean gold investors, the dollar in question is the American one, rather than the Singapore version.
The chart above is here to help Singaporean investors bridge the gap. We have the history of the price of gold expressed in terms of Singapore dollars.
As it turns out, the reasons to monitor gold’s price in terms of SGD go beyond mere convenience. So, let’s discuss those, along with how to use the chart effectively and how world events can shape and influence the price of gold.
Why Monitor Gold in Singapore Dollars?
It’s not just that seeing the price of gold in Singapore dollars helps investors avoid the headache of currency conversion. It also allows you to contextualize the shifts in gold much more readily. If you’re not keeping a close eye on the Singapore dollar to US dollar conversion rate, you may not immediately recognize the gravity (or lack thereof) of gold price shifts.
However, there is a far more important reason to monitor gold in SGD. There are investment opportunities generated by the interplay between SGD and USD that have nothing to do with the actual price of gold. Here’s what we mean:
- If the Singapore dollar weakens against the US dollar, gold becomes much more difficult for Singaporeans to buy. Thus, demand for gold drops, and the price of gold may follow. Periods like this can create attractive buying opportunities.
- If the Singapore dollar strengthens against the US dollar, it becomes easier for Singaporeans to purchase gold. Demand increases, and prices may rise. If you have gold to sell, these periods can be advantageous.
How to Use the Gold Price Chart
The chart above details the price of gold on each trading day since January 1, 1995. The price shown is the closing price for the day and does not reflect the full intraday trading range.
The first step is to set your timeframe. You can choose one of the preset buttons for shorter periods or select the “All” option to view the full historical record.
Selecting “All” will open fields beneath the button where you can enter specific start and end dates. Alternatively, you can adjust the slider beneath the chart to define your preferred range.
You can interact with each data point by hovering your cursor or tapping on it. To see daily-level information, you will need to narrow the timeframe. Longer periods display monthly averages first, then weekly averages, before revealing daily prices.
The chart also allows comparisons with other financial indicators during the same period. You can view gold alongside crude oil, the FTSE 100, or the US dollar to identify potential correlations.
Finally, the chart includes the current spot price of gold, updated in real time. Bid and ask prices are also updated in real time, while daily high and low prices adjust as trading conditions change.
Notable Events that Caused the Price to Shift
Gold often responds strongly to major world events and economic conditions. Below are some of the most notable shifts in gold’s price in Singapore dollars, along with the likely factors behind them.
| Date | Closing price (SGD) | Notes |
|---|---|---|
| May 11, 2006 | S$1,128.42 | Just a month prior, gold traded below S$1,000 per ounce. Early warning signs of a global recession pushed prices into four-digit territory for the first time, marking the peak of an early rally. |
| September 21, 2011 | S$2,303.82 | The Great Recession and global debt crisis drove investors toward safe-haven assets. Inflationary policies and economic instability helped gold reach this record high during a volatile two-month stretch. |
| August 6, 2020 | S$2,833.32 | The COVID-19 pandemic caused unprecedented economic disruption. Gold surged more than S$500 in just a few months, setting a new all-time high amid global uncertainty. |
| March 8, 2022 | S$2,790.45 | Following Russia’s invasion of Ukraine, gold prices spiked worldwide. While this level did not surpass the pandemic peak, it reflected heightened geopolitical tension and investor anxiety. |
| April 21, 2025 | S$4,466.79 | Gold prices climbed sharply over a 13-month period, driven by ongoing wars, elevated inflation, and a shift in US trade policy toward higher tariffs. Prices rose roughly 57% during this stretch. |
| January 28, 2026 | S$6,837.95 | After hovering near April 2025 levels, gold surged again in late 2025. In just five months, prices gained over S$2,400 amid sustained geopolitical tensions and significant central bank gold purchases worldwide. |
What Influences the Price of Gold?
- Geopolitical conflicts – Wars, trade disputes, and political instability often drive investors toward gold as a safe haven.
- Economic stability – Gold prices often move inversely to overall economic confidence. Strong economies can dampen gold demand, while downturns increase it.
- Inflation – Rising inflation reduces purchasing power, encouraging investors to hold tangible assets like gold.
- Interest rates – Higher rates can reduce gold’s appeal relative to bonds and fixed-income assets, while lower rates may increase demand.
- Logistics and supply chain factors – Mining disruptions, transportation challenges, and refining bottlenecks can restrict supply and influence prices.
The Singapore Mint
The Singapore Mint was established in 1968 to mint the country’s circulation coinage. It utilizes advanced minting technology to produce high-quality products. In addition to circulating coinage, the mint produces commemorative coins, medallions, gifts, and collectibles.
The Economy of Singapore
Singapore has a highly developed market economy and ranks among the best globally in ease of doing business, tax efficiency, and low corruption. Through state-linked investment entities, the country maintains ownership stakes in key industries such as airlines, media, and telecommunications.
Singapore attracts substantial foreign investment and exports electronics, chemicals, and other high-value goods. Its services sector, particularly financial services, plays a dominant role in the economy.
As a major global financial hub with a stable government and skilled workforce, Singapore is likely to maintain strong demand for gold jewelry and investment products as its economy continues to grow.
World Gold Prices
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- United States Gold Price
