Question 1

Is gold subject to GST in Singapore?

Accepted Answer

Investment Precious Metals (IPM) such as 24K gold bars and qualifying coins are 100% exempt from Singapore GST. Retail gold jewellery (e.g. 22K, 18K) incurs 9% GST on total item cost.

Question 2

What is the difference between 24K and 22K (916) gold?

Accepted Answer

24K gold is 99.9% pure gold, soft and dark yellow, used for bullion investment. 22K gold is 91.6% pure gold alloyed with copper/silver, making it durable for wearable jewellery.

Gold Price Singapore FAQ & Investment Buying Guide