How Singapore is bolstering its precious metals hub status
- 3 days ago
- 1 min read
Singapore has long been regarded as a global precious metals hub, alongside other global hubs such as Hong Kong, London, Dubai and Zurich. However, to maintain this status, Singapore has been adopting various strategies to bolster its attractiveness to international investors.
In particular, Singapore has been expanding its clearing and vaulting services. In June 2026, Singapore's Deputy Prime Minister and Monetary Authority of Singapore Chairman Gan Kim Yong announced that the Monetary Authority of Singapore would begin offering gold vaulting services to foreign central banks and sovereign entities from October 2026.
In addition, Singapore will remove the 5% cap on physical investment precious metals under selected tax incentive schemes for eligible funds and single-family offices, whilst Singapore Exchange is studying a physically deliverable gold futures contract.
Industry observers have welcomed these latest moves from the Singapore government as they complement existing centres and deepen institutional participation. Overall, Singapore is now in a prime position to establish itself as South-east Asia’s neutral clearing and distribution hub for gold. This is amidst a background of rise in regional duties and tightening of precious metals trading regulations by ASEAN economies. The priority in the coming years for Singapore will be to create enough market depth and build the necessary infrastructure to sustain this momentum.
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