Gold Price Per Gram Singapore: 24K, 22K & 916 Rates

Anyone who’s ever checked the gold price per gram in Singapore knows the numbers can shift faster than a taxi on Orchard Road. Whether you’re comparing 24K and 22K rates or wondering if Mustafa really offers the best deal, the difference between retail and spot prices matters more than the daily fluctuation. This guide breaks down current gold rates across top outlets, explains the mark-up over spot, and helps you decide where to buy.

24K retail price per gram (Joyalukkas): SGD 180.60 ·
22K retail price per gram (Joyalukkas): SGD 165.50 ·
International spot gold per gram (goldprice.org): USD 170.78 ·
Gold price per ounce (spot): USD 5,311.82

How much is 1 gram gold in sgd?

Gold prices in Singapore are quoted per gram in SGD, but the figure you see depends on whether it’s the spot price or a retail counter rate. The international spot price for 24K gold is roughly USD 170.78 per gram, according to goldprice.org (global spot price tracker). At retail, Joyalukkas lists 24K gold at SGD 180.60 per gram and 22K at SGD 165.50 per gram.

Retail prices include a premium to cover fabrication, logistics, and dealer margin. UOB (Singapore bank) notes that its gold and silver prices are indicative only, and subject to change without notice. That’s a reminder that the rate you see online can differ from the final price at the counter.

The 2025 performance of 24K gold in Singapore was striking: according to Exchange-Rates.org (precious metals data provider), the price per ounce hit a high of SGD 5,822.00 on 26 December 2025 and a low of SGD 3,583.55 on 1 January 2025 — a swing of over 62%. That volatility underscores why checking the current rate before purchase is essential.

How much is 24K gold per gram in Singapore?

24K gold (99.9% purity) is the most expensive per gram because it contains no alloy metals. In Singapore, retailers like ValueMax (Singapore gold and jewellery chain) listed 999 gold at SGD 239.00 per gram on 10 July 2026, while Joyalukkas quoted SGD 180.60. The wide range reflects different retail models — ValueMax tends to include higher margins, whereas Joyalukkas often competes on volume.

Mustafa’s published rates for 24K-999 gold bar 100g stood at SGD 20,060.00 on 30 March 2026, according to Mustafa (Singapore department store and gold retailer), which works out to SGD 200.60 per gram for a bar. For jewellery, Mustafa Jewellery (Singapore jewellery retailer) posted 24K-999 at SGD 184.00 per gram on 10 July 2026.

What is the 999 gold price in Singapore?

999 gold is the same as 24K — pure gold. Most retailers label it as 999 or 999.9. The spot price for 999 gold is identical to the 24K figure, but retail premiums vary. PolicyBazaar (financial comparison platform) listed Singapore gold rates at approximately SGD 171 per gram for 24K on 11 July 2026, significantly lower than the ValueMax or Mustafa jewellery rates, likely because it uses a different pricing model (perhaps a buyback or wholesale reference).

What is the price of 22K gold in Mustafa today?

Mustafa’s gold counter is a popular destination for both tourists and locals because of its competitive, frequently updated rates. On 10 July 2026, Mustafa Jewellery listed 22K-916 jewellery at SGD 169.50 per gram, while 24K-999 jewellery was SGD 184.00 — a spread of SGD 14.50 per gram between the two purities, as reported by Mustafa Jewellery (Singapore jewellery retailer). A third-party live tracker, LivePriceOfGold (gold price aggregator), showed Mustafa 22K jewellery at SGD 168.90 on the same date, confirming the pricing is tightly aligned.

How much is 1 gram of 22 carat gold today?

22 carat gold (916) is 91.67% pure. Across Singapore, 22K rates as of mid-2026 ranged from about SGD 165.50 (Joyalukkas) to SGD 224.00 (ValueMax) per gram. The wide gap is unusual — ValueMax’s SGD 224.00 for 22K is much higher than others, suggesting either a luxury brand markup or a different product category (e.g., designer jewellery with high making charges).

Is it worth buying gold from Singapore airport?

Singapore Changi Airport offers duty-free gold for departing travellers, meaning no GST is paid if the purchase is for export. However, the price per gram may be similar to city retailers after factoring in the GST exemption. BullionStar (specialist bullion dealer) describes Mustafa’s gold counter as offering a limited selection of bars with prices displayed on a handwritten list — a far cry from the polished airport experience. For a traveller, the airport offers convenience, but Mustafa often gives better rates on jewellery.

Is Singapore gold cheap?

Singapore is generally considered a competitive market for gold, especially for investment-grade bullion. Since 2012, the government has exempted investment gold from GST, making it cheaper than in many other countries where value-added tax applies. Exchange-Rates.org recorded that 24K gold in Singapore was up 55.30% in 2025, reflecting strong demand and global price trends.

Which country is the cheapest for gold?

Typically, the UAE (Dubai) and Hong Kong are cited as the cheapest gold markets due to zero import duties and lack of VAT. However, Singapore’s GST exemption on investment gold and low import duties (about 0%) bring it close. Singapore Bullion Market (local bullion info site) noted that as of March 2025, Mustafa’s rates were about SGD 140 per gram for 916 gold and SGD 150 per gram for 999 gold — significantly lower than the mid-2026 figures, illustrating how prices can shift over months.

Will gold go to $5000?

Predicting gold at USD 5,000 per ounce is speculative. The spot price as of mid-2026 is around USD 5,311.82 per ounce (USD 170.78 per gram), according to goldprice.org. Some analysts point to central bank buying, inflation, and geopolitical risks as drivers that could push prices higher. The World Gold Council regularly publishes outlooks, but concrete forecasts vary widely.

What’s certain is that gold has already shown dramatic moves — the 2025 swing from SGD 3,583.55 to SGD 5,822.00 per ounce (per Exchange-Rates.org) demonstrates that a run to USD 5,000 is not impossible. However, UOB warns that its published rates are indicative, and the same caution applies to any price forecast. No one can guarantee $5,000.

Three retailers, one pattern: the spread between 24K and 22K is remarkably consistent across outlets, but the absolute price varies by SGD 50–70 per gram depending on the retailer’s target market.

Confirmed facts and what’s unclear

“Mustafa Centre’s gold counter offers a limited selection of gold bars and coins with displayed prices on a handwritten or partly typed list.”

— BullionStar (specialist bullion dealer)

“The gold and silver prices we show are indicative only and subject to change without prior notice.”

— UOB Group (Singapore bank)

Singapore’s gold market offers genuine value, especially for investment-grade bullion that carries no GST. But the retail landscape is fragmented — prices vary by SGD 50+ per gram between outlets, and daily fluctuations mean that yesterday’s rate is just history. For a buyer in Singapore, the choice is clear: compare spot and retail prices across Mustafa, Joyalukkas, and bullion dealers, and always ask for the final “out-the-door” price per gram before buying.

Frequently asked questions