Gold Price in Singapore Today: Your Complete Guide to 916 Gold and More
Gold has long been one of the most trusted forms of investment and wealth preservation in Singapore. Whether you’re buying gold jewellery, planning a gift, or investing in 916 gold bars, knowing the gold price in Singapore today is essential.
In this blog, we’ll explore everything you need to know about gold prices in Singapore, including what influences them, how 916 gold differs from other types, and how you can make smarter buying decisions, especially if you’re shopping at trusted jewellers like Michael Trio.
Understanding Gold Price in Singapore
The gold price in Singapore refers to the current market value of gold, usually measured in Singapore dollars (SGD) per gram. Like most global commodities, gold prices fluctuate daily depending on market conditions, currency strength, and demand.
Gold serves multiple purposes in Singapore:
- Investment: Many Singaporeans buy gold as a hedge against inflation and currency fluctuations.
- Jewellery: Gold jewellery is not just a luxury but also a form of long-term savings.
- Cultural Value: Gold plays an important role in weddings, festivals, and traditional gifting.
Staying updated with the gold price Singapore today helps you make well-timed purchases and investments.
What Does 916 Gold Mean?
When you hear “916 gold,” it refers to the purity level of the gold alloy. The number 916 indicates that the gold is 91.6% pure, or 22 karats.
Here’s how it compares:
| Type of Gold | Purity | Karat | Common Use |
| 999 Gold | 99.9% | 24K | Gold bars, bullion |
| 916 Gold | 91.6% | 22K | Jewellery, ornaments |
| 750 Gold | 75.0% | 18K | Fine jewellery |
| 585 Gold | 58.5% | 14K | Everyday wear |
So, 916 gold is the ideal balance between purity and durability, perfect for jewellery that’s meant to be worn regularly without losing its shine or strength.
Why 916 Gold is Popular in Singapore
Singaporeans prefer 916 gold because it offers the ideal combination of beauty, value, and practicality.
Durability: Pure 24K gold (999 gold) is too soft for everyday jewellery. 916 gold, however, is alloyed with small amounts of other metals, making it stronger and more durable for daily wear.
High Resale Value: 916 gold retains significant resale value because of its high gold content. Most goldsmiths and jewellers in Singapore readily buy or trade 916 gold items.
Cultural Significance: During weddings and festive occasions like Chinese New Year or Deepavali, gold gifts, especially 916 gold, are seen as auspicious and symbolize prosperity and good fortune.
Aesthetic Appeal: The warm yellow hue of 916 gold has a traditional elegance that appeals to both modern and classic tastes.
Gold Price Singapore Today: How It’s Determined
The gold price Singapore today changes daily, and several factors contribute to its fluctuation:
Global Market Price: Gold prices in Singapore follow global market rates, which are influenced by international supply and demand, central bank reserves, and geopolitical factors.
Currency Exchange Rate: Gold is traded globally in USD. Hence, the SGD to USD exchange rate directly affects local gold prices in Singapore.
Inflation and Interest Rates: When inflation rises or interest rates drop, gold prices often increase as investors look for stable assets.
Demand and Festive Seasons: Local demand during festive periods (like weddings, Chinese New Year, or Hari Raya) can slightly raise local retail prices due to higher consumer activity.
Current 916 Gold Price in Singapore Today
As of today, the 916-gold price in Singapore typically ranges between SGD 85 to SGD 100 per gram, depending on:
- Market fluctuations
- Retail mark-up by jewellers
- Design and craftsmanship
It’s always recommended to check live gold price updates before purchasing. At Michael Trio, we ensure our pricing remains transparent and competitive so customers always get the best value for their money.
(Note: Prices may vary. Always refer to the latest market updates.)
How to Check Today’s Gold Price in Singapore
Here are the best ways to keep track of the gold price in Singapore today:
1. Official Gold Rate Websites:
Trusted portals like the Singapore Bullion Market Association (SBMA) or global financial sites update rates hourly.
2. Michael Trio’s Jewellery Collection:
Our in-store and online listings reflect fair and updated pricing, ensuring you always make an informed purchase.
3. News & Financial Apps:
Apps like Bloomberg, Reuters, and Kitco provide real-time gold rate updates globally and locally.
4. Jewellery Stores:
Leading jewellers in Singapore, including Michael Trio, provide daily updates in-store and online.
916 Gold Jewellery Buying Tips in Singapore
When purchasing 916 gold jewellery, consider the following to ensure authenticity and value:
Verify Hallmarks: Always check for the “916” stamp, indicating the gold’s purity.
Ask for a Certificate: Reputable jewellers like Michael Trio provide authenticity certificates and transparent invoices detailing gold weight, purity, and workmanship.
Compare Prices: Compare the 916-gold price Singapore today across different stores to ensure you’re getting a fair deal.
Understand Making Charges: The price of gold jewellery includes both the gold value and the making charge, which covers design and craftsmanship.
Choose Trusted Jewellers: Opt for established jewellers known for quality and service, like Michael Trio, where each piece combines certified gold with timeless design and craftsmanship.
Investing in Gold in Singapore: Why It Still Makes Sense
Hedge Against Inflation
Gold has historically preserved wealth during inflationary periods, making it a trusted long-term investment.
Liquidity: Gold is easily sold or exchanged, offering quick liquidity when needed.
Tangible Asset: Unlike stocks or bonds, gold is a physical asset, giving a sense of security and ownership.
Portfolio Diversification: Adding gold to your portfolio reduces risk, as it tends to perform well when other markets fluctuate.
916 Gold vs 999 Gold: Which Should You Choose?
| Factor | 916 Gold | 999 Gold |
| Purity | 91.6% | 99.9% |
| Durability | High | Soft and prone to scratches |
| Use | Jewellery | Investment bars, coins |
| Price | Slightly lower per gram | Higher per gram |
| Resale Value | Excellent | Excellent |
If you want wearable gold that balances beauty and investment value, 916 gold is your best choice.
If you’re purely investing, 999 gold bars might suit you better.
How to Store and Care for 916 Gold Jewellery
To maintain the shine and longevity of your gold:
- Store separately: Keep each piece in a soft pouch to prevent scratches.
- Avoid chemicals: Remove gold jewellery when swimming or cleaning.
- Regular cleaning: Use mild soap and warm water for gentle cleaning.
- Professional polishing: Periodically get your jewellery polished by experts at Michael Trio for that brand-new shine.
Why Buy Gold Jewellery from Michael Trio
As one of Singapore’s most trusted jewellers, Michael Trio is known for its craftsmanship, transparency, and customer-first approach.
Authentic and Certified Gold: All our gold pieces are certified and hallmarked for guaranteed purity and quality.
Competitive 916 Gold Prices: We keep our gold price Singapore rates transparent and updated daily to ensure fair value for every customer.
Timeless Designs: From minimalist pieces to intricate bridal sets, our 916-gold jewellery collection caters to every taste and occasion.
Custom Jewellery Services: Looking for something unique? Our bespoke design service allows you to create one-of-a-kind 916 gold pieces tailored to your preferences.
Trusted Singapore Brand: Founded in Singapore, Michael Trio combines local craftsmanship with modern design aesthetics, making it a name synonymous with trust and elegance.
Frequently Asked Questions (FAQs)
Q1. What is the current 916 gold price in Singapore today?
The 916-gold price in Singapore today is typically between SGD 85–100 per gram, but it fluctuates daily. Always check live updates before purchasing.
Q2. Is 916 gold real gold?
Yes. 916 gold is 22-karat gold, meaning it contains 91.6% pure gold mixed with other metals for strength.
Q3. Why do gold prices in Singapore change daily?
Prices vary based on global gold rates, USD-SGD exchange rates, inflation, and local demand.
Q4. Can I sell 916 gold jewellery in Singapore?
Absolutely. Most jewellers, including Michael Trio, buy back or exchange 916 gold jewellery based on the current market rate.
Q5. Is it worth buying 916 gold jewellery as an investment?
Yes, because it combines beauty with strong resale value. You can wear it and still benefit from gold’s long-term appreciation.
Choose Best Quality Gold, Choose Michael Trio Singapore!
Whether you’re a first-time buyer or a seasoned investor, staying informed about the gold price Singapore today helps you make confident and smart choices.
The 916-gold price Singapore remains a key indicator for jewellery lovers and investors alike, representing both elegance and enduring value.
At Michael Trio, we pride ourselves on offering high-quality, certified 916 gold jewellery at transparent prices. Visit our Michael Trio Singapore store