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Platinum

Platinum Price in Singapore Dollars (SGD)

Track the live platinum price in Singapore dollars per troy ounce and per gram. Real-time XPT/SGD charts reflecting both platinum spot prices and SGD/USD exchange rate movements.

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Platinum Investment in Singapore

Singapore offers one of the most favorable tax environments in the world for platinum investment. Investment-grade platinum with a purity of 99% or higher is exempt from Singapore's 9% Goods and Services Tax, placing it on equal footing with investment gold and silver. Combined with Singapore's complete absence of capital gains tax for individuals, platinum profits are entirely tax-free, making the city-state an exceptionally attractive jurisdiction for building a precious metals portfolio.

The Singapore bullion market has grown substantially in recent years, driven by government initiatives to position Singapore as Asia's premier precious metals hub. Several established dealers, including BullionStar and GoldSilver Central, stock a range of platinum bars and coins from LPPM-accredited refiners such as PAMP Suisse, Heraeus, and Valcambi. Platinum products available in Singapore include 1 oz coins (Platinum Maple Leaf, Platinum Eagle, Platinum Britannia), as well as bars in sizes ranging from 1 gram to 1 kilogram.

Secure vault storage is readily available through multiple providers in Singapore, including the renowned Singapore Freeport, a state-of-the-art facility at Changi Airport designed for the storage of high-value assets. Private vault operators offer segregated, allocated storage with full insurance coverage, giving investors peace of mind that their platinum holdings are safely custodied in a politically stable, rule-of-law jurisdiction.

Singapore's strategic location at the crossroads of Asian trade routes enhances its appeal for platinum investors. The SGX (Singapore Exchange) facilitates commodity-related trading, and Singapore's strong regulatory framework, world-class infrastructure, and multilingual business environment make it a natural base for investors across Southeast Asia looking to diversify into platinum alongside gold and silver.

  • Investment platinum (99%+ purity) is GST-exempt in Singapore
  • No capital gains tax for individuals, so platinum profits are tax-free
  • BullionStar and other local dealers stock platinum bars and coins
  • Secure vault storage available through multiple providers
  • Singapore Freeport offers tax-efficient precious metals storage
  • Platinum bars and coins from LPPM-approved refiners are available

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated every minute during market hours.

Buy Platinum Online

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Where to Buy Platinum

Frequently Asked Questions

Is platinum GST-free in Singapore?
Yes, investment-grade platinum with a purity of 99% or higher is exempt from Singapore's Goods and Services Tax, which currently stands at 9%. This exemption was introduced as part of Singapore's broader initiative to establish itself as a premier precious metals hub in Asia. To qualify, the platinum must be in the form of a bar, ingot, wafer, or coin. Platinum jewelry and items below the 99% purity threshold remain subject to the standard GST rate.
Is platinum taxed in Singapore?
Singapore does not impose any capital gains tax on individuals, which means profits from buying and selling investment platinum are entirely tax-free for personal investors. Combined with the GST exemption on investment-grade platinum (99%+ purity), this makes Singapore one of the most tax-efficient jurisdictions in the world for platinum investment. There is no wealth tax, inheritance tax, or estate duty either, further enhancing Singapore's appeal as a location for holding precious metals.
Where can I buy platinum in Singapore?
Platinum bars and coins can be purchased from several reputable dealers in Singapore. BullionStar is one of the most well-known specialist dealers, offering a wide range of platinum products along with secure vault storage options. GoldSilver Central is another established dealer that stocks platinum bars from LPPM-approved refiners. Some banks may also facilitate precious metals purchases. Online ordering with delivery or vault storage is available from most dealers, making it convenient to invest in platinum without visiting a physical store.
Why invest in platinum in Singapore?
Singapore offers a uniquely attractive environment for platinum investment due to its combination of tax advantages and market infrastructure. Investment platinum is exempt from GST, and there is no capital gains tax for individuals, meaning your returns are entirely tax-free. Beyond the tax benefits, platinum has strong long-term demand fundamentals driven by the growing hydrogen economy, where platinum is a critical catalyst in fuel cell technology. Singapore's political stability, world-class vault infrastructure, and strategic location in Asia make it an ideal base for building a platinum position.