Is there GST on silver in Singapore?
Investment-grade silver with a minimum purity of 99.9% is exempt from GST in Singapore under the Investment Precious Metals (IPM) scheme, introduced in 2012 to attract bullion trade to the country.
Silver Price in Singapore Today (Live Silver Rate in SGD)
Last updated: Mar 16, 2026, 12:31 AM GMT+5
Silver Spot Price · Singapore
S$103.33SGD
= $80.70 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 1.2805 SGD
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Interactive Silver Chart
Silver Price Performance
| Period | Change (USD) | Change (%) |
|---|---|---|
| Today | +$0.00 | +0.00% |
| 30 Days | +$3.07 | +3.80% |
| 6 Months | $-1.69 | -2.10% |
| 1 Year | +$17.27 | +21.40% |
| 5 Years | +$51.81 | +64.20% |
| 20 Years | +$252.25 | +312.60% |
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Silver Spot Price – Today
Intraday XAG/USD spot price (USD per troy ounce)
Silver Price Chart (TradingView)
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Interactive Silver Chart
Silver Price per Unit
Updated: Mar 16, 2026, 12:28 AM| Unit | Price (SGD) | Price (USD) | Change |
|---|---|---|---|
| 1 Troy Ounce | S$103.33 | $80.70 | +0.00% |
| 1 Gram | S$3.32 | $2.59 | +0.00% |
| 1 Tola (11.66 g) | S$38.75 | $30.26 | +0.00% |
| 1 Kilogram | S$3,322.24 | $2,594.40 | +0.00% |
| 10 Ounces | S$1,033.33 | $806.95 | +0.00% |
| 100 Ounces | S$10,333.33 | $8,069.50 | +0.00% |
24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC)
Sydney
Tokyo
London
New York
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | SGD | USD | GBP | EUR | AED | AUD | CAD | INR | JPY | HKD |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +8.4% | +12.0% | +10.5% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +18.3% | +12.0% |
| 2024 | +19.2% | +21.4% | +24.8% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +38.4% | +21.4% |
| 2023 | -1.4% | +0.4% | +3.1% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | +9.6% | +0.4% |
| 2022 | -7.1% | -3.5% | +10.8% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | +14.2% | -3.5% |
| 2021 | -13.2% | -11.7% | -17.2% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -12.4% | -11.7% |
| 2020 | +41.3% | +47.9% | +41.6% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +34.2% | +47.9% |
| 2019 | +12.8% | +15.3% | +20.4% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +10.1% | +15.3% |
| 2018 | -11.4% | -8.5% | -3.8% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -9.6% | -8.5% |
| 2017 | -4.1% | -1.2% | -8.6% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -3.8% | -1.2% |
| 2016 | +12.1% | +15.3% | +31.2% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +5.9% | +15.3% |
| 2015 | -14.2% | -11.9% | -8.3% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -10.6% | -11.9% |
| 2014 | -22.1% | -19.8% | -18.4% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -11.2% | -19.8% |
| 2013 | -38.6% | -35.9% | -38.1% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -11.4% | -35.9% |
| 2012 | +6.1% | +8.4% | +7.8% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +3.8% | +8.4% |
| 2011 | +65.3% | +74.0% | +71.3% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +56.2% | +74.0% |
Historical Silver Price Charts
30 Days-0.2%
$80.69
60 Days-1.3%
$80.69
1 Year-3.0%
$80.69
2 Years+1.9%
$80.69
5 Years-1.8%
$80.69
10 Years-3.8%
$80.69
All Time-2.7%
$80.69
Frequently Asked Questions
Where can I buy silver in Singapore?
Silver is available from licensed bullion dealers, major banks like UOB and DBS, and online platforms. The Singapore Freeport also offers secure allocated storage for larger holdings without the need to clear customs.
How does the SGD/USD rate affect silver prices?
Since silver is priced globally in USD, the SGD/USD exchange rate directly impacts local prices. A stronger SGD lowers the cost of silver for Singapore buyers, while a weaker SGD raises it.
What is silver price per gram in Singapore today?
The silver price per gram in SGD is calculated from the current XAG/USD spot price divided by 31.1035, then converted at the live USD/SGD exchange rate. The live figure is shown in the price table above.
Is silver a good investment in Singapore?
Silver is considered a solid store of value in Singapore. With investment-grade silver exempt from GST under the IPM scheme, Singapore is one of the most tax-efficient places in Asia to hold physical silver.
What is the SBMA?
The Singapore Bullion Market Association (SBMA) is the industry body promoting Singapore as Asia's leading precious metals hub. It sets standards for bullion dealers and facilitates the development of the local silver and gold market.
Silver Converter
SGD
S$103.33USD
$80.70Silver Price Forecast & Prediction — Singapore
Technical analysis based price targets. Not financial advice.
Market SentimentNeutral
BearishNeutralBullish
Support
$75.85
Resistance
$85.54
Technical Indicators
50-Day MABullish
200-Day MABullish
RSI (14)Neutral
MACDBullish
StochasticOverbought
BollingerNeutral
Price Targets
| Period | Bear Target | Base (Current) | Bull Target | Range |
|---|---|---|---|---|
| 1 Week | $79.24S$101.47 SGD | $80.70S$103.33 SGD | $82.63S$105.81 SGD | ±2.1% |
| 1 Month | $77.06S$98.68 SGD | $80.70S$103.33 SGD | $85.70S$109.74 SGD | ±5.3% |
| 3 Months | $73.43S$94.03 SGD | $80.70S$103.33 SGD | $90.22S$115.53 SGD | ±10.4% |
| 6 Months | $69.80S$89.38 SGD | $80.70S$103.33 SGD | $95.54S$122.35 SGD | ±15.9% |
| 1 Year | $66.17S$84.73 SGD | $80.70S$103.33 SGD | $103.77S$132.89 SGD | ±23.3% |
↑ Bullish Factors
- Global central bank rate cut expectations support precious metals
- Industrial demand from solar panels and EV batteries rising
- USD weakness historically boosts XAG/USD spot prices
- Supply deficits as mining output lags industrial consumption
↓ Bearish Factors
- Higher-for-longer interest rates increase opportunity cost of holding silver
- Strong USD could weigh on dollar-denominated commodity prices
- Weak economic data may dampen industrial silver demand
- Profit-taking after recent rallies could trigger short-term pullbacks
Disclaimer: Price predictions are based on technical analysis and historical patterns only. They do not constitute financial advice. Silver markets are highly volatile — always do your own research before investing.
Silver Prices in Other Cities
What Moves Silver Price in Singapore?
Singapore's Silver Market: Asia's Tax-Efficient Bullion Hub
Singapore has grown into Asia's premier precious metals trading centre over the past two decades. The Singapore Bullion Market Association (SBMA), founded in 1993, provides the industry framework for the city-state's bullion market and promotes Singapore as a global trading hub. Singapore's strategic position between the major demand centres of China and India — combined with its free port status, world-class financial infrastructure, and favourable tax environment — makes it a natural hub for regional silver flows. International refiners, banks, and investment funds maintain precious metals operations here, drawn by the combination of regulatory quality and fiscal efficiency.
GST Exemption Under the IPM Scheme
The most distinctive feature of Singapore's silver market is the GST exemption for investment-grade silver under the Investment Precious Metals (IPM) scheme, introduced in 2012. Physical silver products with a minimum purity of 99.9% are exempt from Singapore's 9% GST, provided they meet requirements set by the Inland Revenue Authority of Singapore (IRAS). This exemption significantly reduces the cost of buying physical silver compared to most other Asian markets. The Singapore Freeport houses billions of dollars in allocated precious metals for regional clients and serves as one of the world's premier silver custody locations, on par with London and Zurich.
SGD Silver Prices and Exchange Rate Dynamics
The Singapore Dollar is a managed float currency, guided by the Monetary Authority of Singapore (MAS) within a trade-weighted exchange rate band. Because silver is priced globally in USD, the SGD/USD exchange rate determines the local cost of silver for Singapore buyers. The MAS has historically maintained a policy of gradual SGD appreciation against the USD, which means the SGD silver price tends to rise more slowly than the USD price during bull markets — providing a partial natural hedge for Singapore-based buyers. Conversely, in USD bear markets, Singapore buyers pay less than the full dollar appreciation suggests.
Where to Buy Silver in Singapore
Singapore offers institutional and retail buyers a range of options. BullionStar on New Bridge Road is one of Singapore's most prominent bullion dealers, offering competitive premiums on PAMP and Valcambi bars as well as coins. Major banks including UOB and DBS offer silver savings accounts and investment products. The Singapore Freeport, operated by Le Freeport Singapore, provides the highest security allocated storage available in Southeast Asia. Online platforms such as GoldSilver Central and Silver Bullion serve the retail market with home delivery and vault storage options.
What Drives Silver Prices in Singapore
Global XAG/USD spot price movements are the primary driver of Singapore silver prices, with the SGD/USD exchange rate as a secondary factor. Singapore is also uniquely sensitive to Chinese economic conditions — as a regional gateway for mainland Chinese institutional demand, periods of strong Chinese industrial activity in solar, electronics, and automotive manufacturing create upward pressure on physical silver premiums in Singapore above global spot levels. US Federal Reserve monetary policy and COMEX positioning by large speculative funds flow through to Singapore prices in real time through the continuous global silver market.
Silver Investment in Singapore
Singapore's tax environment is highly favourable for silver investors. There is no capital gains tax, meaning profits on silver sales are entirely tax-free. Combined with the GST exemption for investment-grade silver under the IPM scheme, this makes Singapore one of the lowest-friction environments in the world for precious metals ownership. The city's political stability, strong rule of law, geographic position at the centre of Asia's fastest-growing economies, and world-class vaulting infrastructure also make it a preferred jurisdiction for long-term allocated silver storage — particularly for investors from higher-risk jurisdictions seeking secure, geopolitically stable custody for their precious metals holdings.
Free Tools
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