EconomySingapore launches gold vaulting service and expands GST waiver for some gold services

Singapore’s gold vaulting service is now operating, enabling foreign central banks and other financial institutions to store up to 500 tonnes of gold valued at about US$66 billion. From April 2027, the GST exemption will extend beyond investment gold to institutional services including assaying, refining, vaulting and broking, as part of efforts to establish Singapore as a trusted, efficient Asian gold trading hub.