Singapore Sets out Key Focus Areas to Develop Singapore as a Gold Trading Centre (MAS media release)

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5. [Singapore Sets out Key Focus Areas to Develop Singapore as a Gold...](#) Decrease font size Increase font size Print this page Media Releases Published Date: 27 March 2026 # Singapore Sets out Key Focus Areas to Develop Singapore as a Gold Trading Centre  Singapore, 27 March 2026... The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) today set out key focus areas to strengthen Singapore’s position as a trusted gold trading centre serving the Asia-Pacific region. This will meet the growing interest among investors to vault and trade gold in Singapore. The key focus areas were developed by a Gold Market Development Working Group that MAS and SBMA established in January 2026, building on detailed discussions and studies with industry participants in 2025. 2 The working group has identified several focus areas where measures aimed at strengthening Singapore’s gold ecosystem will be developed. These include developing gold-related capital market products to facilitate price discovery and build liquidity, putting in place robust and internationally-aligned standards for vaulting and logistics, and building a clearing system to support secure and efficient over-the-counter settlement for trading large bar and kilobar goldLarge bars refer to 400 troy ounce (about 12.4kg) gold bars, which is the preferred standard in the London market for institutional trading and settlement. The kilobar (1kg) is the preferred standard in Asian markets, and is also an accepted delivery option for COMEX gold futures contracts in the United States. in Singapore. MAS will also look to provide vaulting services for foreign central banks and sovereign entities to meet potential demand. 3 Taken together, these efforts will foster greater market confidence and position Singapore as a trusted and vibrant regional gold centre, complementing other major gold centres. Our goal is to anchor high-value activities here, create good jobs for Singaporeans, enhance the resilience and diversity of Singapore’s financial sector, and benefit market participants in Singapore and the region. 4 The working group comprises key private sector stakeholders that are integral to growing Singapore’s gold market and attracting more investor interest. The working group is co-chaired by MAS and SBMA, and comprises members from DBS Bank, ICBC Standard Bank, JPMorgan Chase Bank, UBS AG, United Overseas Bank, SGX Group, and the World Gold Council. The working group is supported by technical workstreams with a broader group of stakeholders including banks, vault operators, a precious metals refinery, and trading houses. 5 The composition of the working group and participating institutions in the technical workstreams is set out in Annex A. Over the next few months, the working group will flesh out details for the different measures under each of the key focus areas set out above and provide periodic updates on implementation over the course of 2026.   \*\*\*     ## Resources - [ Annex A - Composition of the Gold Market Development Working Group ** (145.6 KB)](/-/media/mas/news/media-releases/2026/annex-a---composition-of-the-gold-market-development-working-group.pdf) ## Related News - Media Releases Published Date: 19 August 2026 # [MAS Introduces Measures to Strengthen Singapore’s Competitiveness as a Leading Asset Management Hub](/news/media-releases/2026/mas-introduces-measures-to-strengthen-singapores-competitiveness-as-a-leading-asset-management-hub) The measures comprise a tax exemption for profit-related returns from the provision of fund management services to qualifying funds; a new hedge fund investment programme to anchor leading hedge fund managers in Singapore; and a new Investment Management Track under the Overseas Networks & Expertise (ONE) Pass framework to attract top global leaders and senior investment professionals in asset management. - Speeches Published Date: 15 June 2026 # [Opening Speech by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, at the 9th Asia-Pacific Precious Metals Conference on 15 June 2026](/news/speeches/2026/opening-speech-by-mr-gan-kim-yong-at-the-appmc-on-15-june-2026) At the 9th Asia-Pacific Precious Metals Conference, Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman, MAS announced areas of progress on four key building blocks – reliable clearing and settlement systems, secure vaulting, relevant products, and clear standards. - Speeches Published Date: 25 May 2026 # [Opening Remarks by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore at the UBS Asian Investment Conference, Singapore Wealth Edition, on 25 May 2026](/news/speeches/2026/opening-remarks-by-mr-chia-der-jiun-md-mas-at-ubs-asian-investment-conference) At the UBS Investment Conference, Singapore Wealth Edition, Mr Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, share his perspectives on navigating the latest macro-economic outlook amid an evolving geopolitical landscape. 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