Buy And Sell Gold

Buy and Sell Gold

Gold is one of the most popular precious metal investments of all time. Gold was once used as the golden standard and relatively standard for currency equivalents for economy.  Gold has been the most effective standards across other precious metals.

Gold Prices Today

Pure gold or 999 gold is going for the market rate of S$87/gm.  This can be purchased or invested through UOB Bank or GoldPrice Org or Bullion Star. 

Maxicash at retail is selling 999 gold at the rate of $103/gm and SK Jewellery, Goldheart and Poh Heng Retail is going or the rate of $108/gm.

916 gold is at $97/gm at Maxicash retail while $102/gm at SK Jewellery & Goldheart & Poh Heng.

Gold Design and Labour Costs

Many of us purchase from retail and spend a lot more on not just the retail value of the gold but also the labour costs imposed by the retailers on the items. Sometimes labour costs can amount to about 10-30% of the total price of the gold item.

Gold Jewelries and Deco for Daily Or Ocassional Wear

If you are buying gold jewelry or gold bars for everyday or occasional wear and deco, buying from retailers seem to be the easiest methods.  That is because they are easily available and you get to choose and pick the designs and styles that you like.  Moreover, as these are lifetime investments and you do not plan to sell them, the price paid that seems reasonable to you should suffice and is justified in such purchases.

Gold For Investments

However, if you are buying gold for long term investments or future resale, then it is good to hunt for the best gold price.

As gold in Singapore and Malaysia are pretty similar, I usually try to hunt for gold and their good designs online.  There are a few gold shops online that you can check out for reference of gold prices available to you for purchase.

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