What Is a UOB Gold Account?

    A UOB Gold Account (Gold Savings Account) allows you to buy and sell gold by the gram without taking physical delivery. It's one of the most popular ways for beginners to start investing in gold in Singapore.

    Key Features

    • Minimum investment as low as 5 grams
    • Buy/sell conveniently via UOB online banking
    • No need for physical storage or insurance
    • Value moves with live gold price — check current price

    Advantages

    • Very convenient for beginners
    • High liquidity — buy and sell anytime via the app
    • No storage hassle
    • Good for dollar-cost averaging

    Disadvantages

    • Monthly service fee (0.25% p.a. as of April 2026)
    • Buy/sell spread — you pay more than spot and receive less
    • No physical ownership — you don't hold the gold

    Best For: Beginners and investors who want exposure to gold without the hassle of physical storage. For a comparison with other methods, see our guide on the best way to invest in gold.

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