How to use UOB’s gold price chart
UOB lists its gold and silver prices in SGD on its website to make things easy for customers and investors. You can also access the gold and silver price chart via UOB Personal Internet Banking or UOB Mighty anytime, anywhere.
While the gold and silver price chart is updated daily, take note that the gold and silver prices shown are subject to change without prior notice and may be different at the time of actual transaction.
The UOB gold price chart is useful for when you want a quick glance at the prices to decide if you would like to trade.
For instance, the minimum quantity per transaction with a Gold Savings Account is five grams of gold. UOB’s gold price chart gives you an indicative price at which the bank is buying or selling one gram of gold that day.
If you’ve struck the lottery or gotten a fat bonus and are interested in getting some gold bars, UOB’s gold price chart shows you how much these gold bars may cost on that day — and there are plenty to choose from.
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How to buy gold from UOB
UOB makes it easy for you to shop for different types of gold products online or in person.
Gold savings account
The UOB Gold Savings Account lets you buy and sell gold conveniently without physical delivery. Here are the steps to follow:
- Open your Gold Savings Account at a UOB branch
- Buy gold conveniently through UOB Personal Internet Banking (click on ‘Investments’ then ‘Gold and Silver’) or UOB Mighty (click on ‘Services’ then ‘Buy Gold/Silver’)
- Available from Mondays to Fridays, 8am to 11pm, excluding Singapore public holidays
Gold bars and gold bullion coins
Existing UOB Personal Internet Banking users can buy gold bars and gold bullion coins online at their convenience. Do collect the gold piece(s) in person at UOB Main Branch within five working days from 9.30am to 4.30 pm to avoid late collection charges.
You don’t need to have a UOB account to buy gold bars and gold bullion coins. You can purchase these gold items at the UOB Main Branch from 9.30am to 4.30 pm, Mondays to Fridays excluding public holidays.
You can purchase gold certificates at the Gold Counter of UOB Main Branch from 9.30am to 4.30 pm, Mondays to Fridays excluding public holidays.
In case you’re wondering, the gold certificates are sold in multiples of one kilobar of 999.9 fineness. Each gold certificate is subject to a maximum of 30 kilograms.
UOB fees and charges
|Type of gold investment||Fees and charges|
|Gold Savings Account||- Service charge: 0.25% p.a. of the highest gold balance each month, subject to a monthly min charge of 0.12 grams of gold
- Early account closure fee: S$30 (subject to GST) if you close the account within six months from account opening date
|Gold bars||- Late collection charge: S$5 per kg per day; S$2 per piece per day for small bars
- Note: Gold bars must be collected in person at UOB Main Branch within 5 working days of online order placement
|Gold bullion coins||- Late collection charge: S$2 per piece per day
- Note: Gold bullion coins must be collected in person at UOB Main Branch within 5 working days of online order placement
|Gold certificates||- Flat S$5 certificate fee
- Service charge: S$72 per kilobar per annum
- Note: Certificate fee and service charge are subject to GST
How else can you invest in gold in Singapore?
There are many ways you can go about investing in gold, apart from purchasing gold bars, bullion coins, gold certificates, gold jewellery, gold ETF and gold stocks.
Case in point: the Hugo Gold Vault lets you buy gold starting from as little as S$0.01, subject to a nominal fee of 0.5% per transaction.
There are even more complex gold investment products such as Gold Linked Notes (GLNs), gold options and futures available to sophisticated investors, too. Remember, all investments carry risk.
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