Gold Price Singapore Chart
This page charts historical Gold.com.sg reference values for gold in Singapore dollars. It does not show dealer prices, jewellery prices or buy-back prices. Use the chart to see how the underlying gold market has moved in SGD terms over time.
Why Did Gold Move in Singapore? (2025-08-27 to 2026-08-27)
Singapore dollar gold prices are driven by two interacting variables: international gold prices in USD and the USD/SGD exchange rate. Below is the exact counterfactual decomposition showing how each component contributed.
1. Gold Price Impact (FX Held Constant)
If the USD/SGD exchange rate had remained unchanged at 1.325 over this period, the international gold move alone would have resulted in an SGD gold price of S$195.74/g (+28.35%).
2. Exchange Rate Impact (USD Gold Held Constant)
If international gold prices had remained unchanged at $3580.4 USD/oz, the exchange rate movement alone would have resulted in an SGD gold price of S$146.29/g (-4.08%).
Historical Provenance & Methodology
Data Series: International XAU Market Benchmarks converted via ECB/Frankfurter daily reference rates. Units: Troy ounces (~31.1035 grams). All counterfactual calculations use actual historical start/end observations. This tool provides factual historical measurement only; it contains no price forecasts or investment recommendations.
What does the Singapore gold-price chart show?
A Singapore gold-price chart combines more than one moving variable. The international gold market is commonly quoted in US dollars. Singapore buyers think in SGD. The historical SGD price reflects both movement in international gold and movement in USD/SGD. That is why this page uses an actual SGD series rather than simply reproducing a USD chart.
How has gold moved in SGD?
Use the time-horizon selector (1M, 3M, 1Y, 3Y, 5Y, 10Y) to see how the SGD gold reference has changed over your selected period. The chart shows the start value, end value, absolute change and percentage change for the selected period. The data source and last observation date are shown beneath the chart.
Why do SGD and USD gold charts differ?
Because the SGD price is the USD price converted at the USD/SGD exchange rate. Imagine international gold is unchanged. If SGD weakens against USD, the same USD gold price converts into more Singapore dollars. If SGD strengthens, the opposite can happen. The counterfactual decomposition tool shows exactly how much of the SGD move came from gold and how much from FX. See how gold pricing works in Singapore.
Does this show dealer prices?
No. This chart shows historical reference values for the underlying gold market. Dealer prices include premiums, spreads and buy-back terms that are not captured here. Reconstructing historical dealer prices from today’s premiums would be inaccurate. See Market Intelligence for genuine dealer observations.
Does this show jewellery prices?
No. Jewellery prices include workmanship, retailer pricing, GST, design and other materials. This chart shows only the underlying gold reference value over time.
What is the 10-year Singapore gold price?
Select the 10Y horizon in the chart above to see how the SGD gold reference has moved over the last ten years. The exact start and end values, change and percentage are shown for the selected period.
Does a rising historical chart mean gold will keep rising?
No. Historical prices describe what happened; they do not tell us what happens next. This page is a measurement tool, not a forecasting page. Past performance is descriptive, not predictive. See factors that affect gold price for context on what drives gold.
