Spot gold price Singapore

The spot price is a wholesale-market reference for gold traded for settlement on the market's standard spot date. It's one of the reference points behind the gold prices you see in Singapore. It is not the price you'll necessarily pay for a physical bar, and it isn't the price a dealer is guaranteed to pay for your jewellery.

Current spot gold reference

The reference above shows the international gold price converted into Singapore dollars. It is a live spot-market reference series, not the LBMA Gold Price benchmark.

How is spot gold quoted?

International wholesale gold is commonly quoted in US dollars per troy ounce. In the London bullion market, a spot trade normally settles on the spot date, two business days after the trade date.

One troy ounce is approximately 31.1035 grams.

To make the price useful in Singapore, it can be converted:

USD/troy ounce → SGD/troy ounce → SGD/gram

For the broader explanation of that conversion and what happens next in the pricing chain, see How Gold Pricing Works in Singapore.

Is spot the same as the LBMA Gold Price?

No. The LBMA Gold Price is different: it is an internationally recognised benchmark set twice each London business day. A live spot-market series can move between those benchmark settings. So Gold.com.sg never casually labels a continuously changing chart or price feed as "the live LBMA spot price" unless that is genuinely what the licensed data source provides.

What do bid and ask mean?

Tradable markets normally show a bid, the price a buyer is prepared to pay, and an ask, the price a seller is prepared to accept. The gap between them is the bid/ask spread. That wholesale spread shouldn't be confused with the total difference between wholesale gold and the retail price of a physical product.

Why is a bullion bar above spot?

Turning wholesale gold into a physical retail bar adds costs such as refining, fabrication, assaying, packaging, distribution and dealer margin. The result is a retail premium above the underlying gold reference.

Why is jewellery even further from spot?

Jewellery is further removed from spot because you are buying a finished product that may include workmanship, retailer pricing, GST and other materials. The spot price remains useful as the underlying reference, but it isn't a jewellery price list.

What about selling gold?

A dealer buying gold from you has its own buying price. That can reflect the wholesale market plus product eligibility, testing, refining, resale economics and the dealer's margin. Spot gives you context, but it does not determine the final offer on its own.

Spot price or Singapore gold price?

Use this page when you specifically want to understand the wholesale spot layer. For the full journey from the international market to the number you see in a Singapore jewellery shop, bank or bullion dealer, use How Gold Pricing Works in Singapore.