Where to sell gold in Singapore
Singapore has several different routes for selling gold. The right route depends partly on what you own. A recognised bullion bar, a 916 bracelet and broken jewellery may all contain gold, but they don't necessarily belong in the same resale channel.
Your main options
Bullion dealers
Usually the most natural place to compare recognised investment bars and coins. A bullion dealer may value fineness, weight, refiner or mint, condition, marketability and the current buy-back spread.
Specialist gold buyers
These businesses may focus more heavily on gold content and refining value. They can be relevant for jewellery, scrap gold and items without much resale value as finished pieces.
Jewellery retailers
Some jewellers offer trade-in or buy-back arrangements. Trade-in economics can differ from a straight cash sale because the transaction may be linked to purchasing another jewellery item. Singapore also has a specific GST administrative concession for qualifying gold-jewellery trade-ins. From 1 January 2025, it is available only when the customer is not GST-registered, and the jeweller may choose whether to apply it.
Pawnshops
A pawnshop may offer two very different outcomes: an outright purchase, where offered, or a loan secured against your jewellery or other pledged item. Do not confuse the two. A pawn loan value is not a sale price. See Pawn vs Sell Gold for a full comparison, or Pawn Gold Price Singapore for how pawn interest and redemption work.
Banks
Some banks provide buy-back arrangements for specific gold products under their own eligibility rules. For example, UOB currently restricts buy-back to eligible gold originally bought from UOB Singapore or OUB Singapore and imposes account, proof-of-purchase and condition requirements. That is not a general gold-buying service.
Start by identifying what you have
Before comparing buyers, check item type, weight, fineness, manufacturer or mint (if bullion), packaging or documentation, and whether it contains stones or non-gold materials. Once you know what you have, estimate its underlying gold value using the gold value calculator.
Ask every buyer the same question
Headline per-gram rates are not comparable if the assumptions differ. Ask: What is the final amount you will pay me for this item now? Then ask how they arrived at it.
Which route is right for which gold?
| Channel | Receive cash | Keep ownership | Can recover item | Ongoing cost |
|---|---|---|---|---|
Bullion dealers Recognised investment bars and coins. | ||||
Specialist gold buyers Jewellery, scrap gold and refining value. | ||||
Jewellery retailers (trade-in) Often linked to buying another piece. | ||||
Pawnshops (loan) Borrow against the item; redeem within six months. | ||||
Bank buy-back Only for eligible bank-issued products. |
This is a starting framework, not a ranking. For pawnshops, distinguish between an outright purchase (where offered) and a pawn loan secured against the item.
Which provider fits your transaction?
Different Singapore providers serve different transaction types. A pawn group, a bullion dealer, a bank and a retail jeweller are not interchangeable. Use the router below to match what you have and what you want to do to providers whose verified services fit that transaction.
Which provider do I need?
Match what you have and what you want to do. Gold routes you to providers whose verified services fit that transaction type, it does not rank them as “best” or “cheapest”.
Routing is based on verified provider capabilities, not sponsorship or ranking. A pawn loan value is not a sale price, compare final amounts only within the same transaction type.
Verified jewellery / scrap-gold buyers
Providers appear here only where verified capability includes outright purchase of jewellery or scrap gold. A pawn-only provider is not listed as a buyer.
Providers appear only where verified capability supports this transaction type. A retail jeweller is not a jewellery buyer; a bullion seller is not a buy-back provider.
Pawn loan vs outright sale: the transaction model
The channel table above is a starting point. The deeper distinction is the transaction type itself: a pawn loan, a pawn valuation, an outright sale, a dealer buy-back and a vaulted-product sell are economically different. A pawn loan value is not a sale price and should never be ranked against one. The comparison below shows the transaction characteristics, see Pawn vs Sell Gold for the full decision aid.
| Transaction | Cash now | Ownership transfers | Can recover item | Ongoing cost | Loan figure |
|---|---|---|---|---|---|
Pawn loan The item is pledged as security for a loan. You receive cash now but retain the right to redeem the item by repaying the loan plus permitted interest. | Yes | No | Yes | Yes | Yes |
Pawn valuation An indicative amount a pawnbroker may advance against the item. It is a loan-to-value figure, not a purchase offer and not a sale price. | No | No | Yes | No | Yes |
Outright sale Ownership transfers permanently in exchange for a final cash amount. There is no redemption and no ongoing obligation. | Yes | Yes | No | No | No |
Dealer buy-back A purchase offer from a dealer (often the original seller) for a recognised product, subject to verification, condition and eligibility. It is a sale, not a loan. | Yes | Yes | No | No | No |
Vaulted-product sell Selling units of an allocated or unallocated vaulted gold product back to the provider or on its platform, under that product's specific terms. Distinct from selling physical metal you hold. | Yes | Yes | No | No | No |
The useful next step
Calculate a rough gold-content value before you request quotes. Then compare the actual amounts payable.
