On 27 March 2026, the Monetary Authority of Singapore (“MAS“) and the Singapore Bullion Market Association (“SBMA“) outlined focus areas to position Singapore as a trusted regional gold trading hub for Asia-Pacific.
Key Focus Areas
The following are the key focus areas identified by the Gold Market Development Working Group (“Working Group“) where measures aimed at strengthening Singapore’s gold ecosystem will be developed:
- Capital market products: develop gold-related instruments to facilitate price discovery and build liquidity;
- Vaulting and logistics standards: establish robust, internationally-aligned frameworks;
- Clearing system: build secure over-the-counter settlement infrastructure for large bar and kilobar gold trading; and
- Central bank services: MAS will offer vaulting for foreign central banks and sovereign entities.
The Working Group was established in January 2026, and co-chaired by MAS and SBMA. Members include DBS, ICBC Standard Bank, JPMorgan, UBS, UOB, SGX Group, and World Gold Council, and supported by technical workstreams (banks, vault operators, refineries, trading houses).
Click on the following link for more information:
- MAS Press Release titled “Singapore Sets out Key Focus Areas to Develop Singapore as a Gold Trading Centre” (available on the MAS website at mas.gov.sg)
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