As the Singapore dollar faces potential depreciation due to anticipated monetary policy easing, and gold prices continue to surge, gold stocks present a compelling opportunity for Singaporean investors seeking to hedge against currency devaluation and capitalise on the precious metal's upward trajectory.
updated: Apr 10, 2025
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Gold has always been seen as a safe haven, especially during times of uncertainty. Whether it's inflation, market volatility, or global tensions, many investors turn to gold for its stability. But instead of buying physical gold, Singaporean investors now have more options—such as gold stocks—that can offer both exposure to the precious metal and potential for higher returns.
In this article, we’ll explore the types of gold stocks, the best-performing ones in 2025, and how you can easily invest in them from Singapore.
Gold stocks refer to shares of companies involved in the gold business. Think exploration, mining, refining, or even financing gold operations. Unlike physical gold bars or coins, these are traded on the stock exchange, much like DBS or Singtel shares. Some gold stocks also pay out dividends, which is something physical gold doesn’t do.
No need to worry about storing or insuring gold bars.
Potential for capital growth if the company does well or if gold prices rise.
Easy to buy or sell online via brokers available in Singapore like FSMOne, Tiger Brokers, and Saxo.
Even though these companies are based overseas, Singaporeans can invest in them through global stock exchanges such as the NYSE (New York), NASDAQ, and ASX (Australia). Local brokers regulated by MAS offer access to these platforms, making it more convenient than ever.
To make it easy for you to identify top-performing gold stocks, here’s a table of stocks that have delivered strong returns globally over the past year.
Ticker |
Company Name |
1-Year Performance |
SSRM |
SSR Mining Inc |
+87.70% |
KGC |
Kinross Gold Corp |
+87.19% |
NGD |
New Gold Inc |
+70.86% |
AGI |
Alamos Gold Inc |
+65.07% |
AEM |
Agnico Eagle Mines Ltd |
+62.93% |
DRD |
DRDGold Ltd. ADR |
+56.05% |
HMY |
Harmony Gold Mining Co Ltd |
+45.13% |
Source: Finviz. Data is current as of 2025-04-08 |
If you’re looking to invest in gold, platforms like Interactive Brokers offer various options to access the gold market.
While there are no gold mining companies listed on the Singapore Exchange (SGX), Singaporean investors can still access them via MAS-regulated brokers like Moomoo and Interactive Brokers. These platforms give access to companies listed overseas.
Here’s a breakdown of the different types of gold stocks you can invest in:
These are smaller mining companies focused on discovering new gold deposits and are less stable than blue chip stocks.
These companies are usually not making profits yet—lots of promise, but also lots of risk. They’re also usually highly sensitive to news like drilling results or exploration licenses.
Some examples include Osisko Mining (OSK) and De Grey Mining (DEG).
Investing in junior gold mining companies can lead to varying outcomes. For example, Seabridge Gold Inc. (SA) has successfully advanced its projects, attracting attention for potential acquisitions due to the quality of its assets.
Conversely, the case of Bre-X Minerals Ltd. serves as a cautionary tale; the company collapsed in 1997 after its reported gold discoveries were exposed as fraudulent, leading to significant investor losses.
Senior mining stocks are stocks of large companies that are already producing gold with proven track records.
These stocks are much more stable and often pay dividends, and they are undoubtedly less risky compared to juniors.
Of course, with more stability, the likelihood of a windfall or huge profit is also much lower.
Some examples of senior mining stock companies include Newmont (NEM), Barrick Gold (GOLD), and AngloGold Ashanti (AU).
These don’t mine gold themselves. Instead, they finance mining projects and get a share of future gold production.
Gold streaming companies often finance junior miners, as junior miners usually need seed capital, and in exchange, they get a portion of any gold that they dig up.
That said, gold streaming companies don’t work exclusively with junior miners. Instead, they usually hold contracts with multiple miners, so they’re more diversified. This diversity helps them be less affected by operational hiccups of any one company.
Gold streaming companies’ stocks are the most stable type of gold stock to invest in, so again, their potential returns are also the lowest. The good news is, this will be partially made up for in the form of dividends, as many gold streaming companies’ stocks are high-dividend stocks.
Some examples of gold streaming companies include Franco-Nevada (FNV) and Wheaton Precious Metals (WPM).
Investing in gold stocks can offer Singaporean investors a way to diversify their portfolios and hedge against economic uncertainties. However, you need to understand the advantages and disadvantages before making investment decisions.
Pros of gold stocks investment |
Cons of gold stocks investment |
Capital appreciation: When gold prices go up or when the company performs well, your stock value could grow. |
Equity risk: You’re investing in a company, not just gold. So if the company is mismanaged or faces issues, your investment could suffer. |
Dividends: Some senior gold miners reward shareholders with regular payouts. |
Volatility: Junior miners can be super volatile. This is great on the upside but also very painful on the downside. |
Accessibility: You can buy them easily through online brokers and even fund them in SGD. | External risks: Political unrest, environmental rules, or accidents at the mine can all affect stock prices. |
Diversification: Gold stocks can act as a hedge against inflation and the weakening of SGD or other currencies. |
The first step is of course to open a brokerage account. From there, you’ll need to decide whether to buy individual gold stocks or exchange-traded funds (ETFS).
Here’s what you need to know about investing in each of those options.
Brokerage platforms like FSMOne, Tiger Brokers, Moomoo, Saxo Markets, and Interactive Brokers are all MAS-regulated and offer access to international stock markets.
Steps to invest:
Register and verify your account.
Fund your account via FAST transfer or credit card.
Search for the ticker symbol (e.g., NEM for Newmont, FNV for Franco-Nevada).
Execute the trade and keep an eye on performance.
Fees to look out for:
Commission per trade.
Currency conversion (SGD to USD or AUD, for example).
Annual platform or custodian fees.\
These are exchange-traded funds that hold a collection of gold-related stocks, and you can buy and sell them like regular stocks on broker apps.
Gold stock ETFs are great for beginners because they offer instant diversification. There’s also less company-specific risk because even if one miner underperforms, others might offset the loss.
Here are some popular gold stock ETFs you can access in Singapore:
VanEck Gold Miners ETF (GDX) – Focuses on big gold mining companies.
VanEck Junior Gold Miners ETF (GDXJ) – Targets smaller exploration firms.
iShares MSCI Global Gold Miners ETF (RING) – A global mix of gold mining stocks.
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