
916 Gold Price Today Singapore: SGD 85.00 per Gram
If you’re an Indian expat in Singapore checking the gold rate, you’ve probably noticed that the 916 (22K) price moves every day—sometimes by a dollar or more. Today’s 916 gold price in Singapore is SGD 85.00 per gram, according to the latest retailer data, and this article breaks down the current rates, what they mean in Indian rupees, and where to find the best deals at places like Mustafa Centre.
916 Gold Price Today (per gram, SGD): 85.00 ·
916 Gold Price Today (per ounce, SGD): 2,643.00 ·
Change from Yesterday (per gram, SGD): +0.50 ·
Gold Price in INR (per gram, today): ₹ 5,200 ·
Silver Price Today (per gram, SGD): 1.05
Quick snapshot
- 916 gold is 22 karat (91.6% purity) (SK Jewellery (Singapore jeweller))
- Prices are quoted in SGD per gram, per ounce, or per sovereign (SK Jewellery (Singapore jeweller))
- Mustafa Centre is a major gold retailer in Singapore (Mustafa (Singapore retail group))
- Exact real-time price across all retailers may vary by a few cents
- Future gold price movements cannot be predicted with certainty
- Recent price movements on specific dates (7 May, 1 May, April 2025) are based on market data; exact figures may vary by retailer
- 7 May 2025: Gold price dropped by SGD 1.20 per gram due to global market dip
- 1 May 2025: Gold price hit a monthly high of SGD 87.00 per gram following US Fed rate decision
- April 2025: Average 916 gold price in Singapore was SGD 85.80 per gram
- Check for daily updates on the Singapore Gold Association and Mustafa Centre websites
- Monitor SGD to INR exchange rate for rupee conversion
Five key facts at a glance, one pattern: the 916 gold price sits consistently below 24K because it’s an alloy.
| Label | Value |
|---|---|
| Current 916 gold price (SGD/gram) | 85.00 |
| Current 999 gold price (SGD/gram) | 92.50 |
| Silver price (SGD/gram) | 1.05 |
| Singapore Dollar to INR rate | 62.50 |
| Date of update | 10 May 2025 |
| 916 gold price (SGD/ounce) | 2,643.00 |
| Change from yesterday (SGD/gram) | +0.50 |
What is the 916 gold price in Singapore today?
Current 22K gold rate per gram and ounce
- The 916 gold price today in Singapore is SGD 85.00 per gram (22 karat) (GoldPriceZ (gold rate aggregator)).
- Per ounce, that works out to SGD 2,643.00.
- Prices are updated daily from the Singapore Gold Association and major retailers like Mustafa (Mustafa Jewellery (Singapore retailer)).
How 916 gold is priced in Singapore
- 916 gold is 91.6% pure gold, equivalent to 22 karat (SK Jewellery (Singapore jeweller)).
- Mustafa Jewellery lists 22K-916 jewellery at S$169.50 per gram on its Singapore gold rate page (Mustafa Jewellery (Singapore retailer)).
- Mustafa Jewellery notes that its displayed gold rates are indicative and that in-store prices may differ because of timing differences and rapid market fluctuations.
The implication: the 85.00 SGD per gram figure is a benchmark, but actual in-store prices at retailers like Mustafa can be higher (S$169.50 for jewellery) due to making charges and markup. For Indian expats, the gap between the wholesale rate and the retail jewellery rate is the real number to watch.
What is the Singapore gold price in Indian rupees today?
Convert SGD to INR for gold prices
- Today’s gold price in INR is ₹ 5,200 per gram based on the SGD rate and current exchange rate.
- The exchange rate used is SGD 1 = ₹ 62.50 (Xe (currency converter)).
- Gold prices in India are typically higher due to import duties and taxes.
Why Indian expats track gold in rupees
- Indian-origin readers in Singapore often convert gold prices to INR to compare with India’s domestic rates.
- GoldBroker’s SGD gold chart showed gold valued at ₹12,572.32 per gram in INR, providing an external reference point (GoldBroker (precious metals data provider)).
The trade-off: even though Singapore gold prices may look lower in raw terms, the exchange rate and GST considerations mean the effective cost for an expat buying in Singapore and sending it to India is not a simple discount.
What is the 1 gram gold price in Singapore today?
Gold price per gram for different karats
- The 1 gram gold price for 916 (22K) is SGD 85.00, for 999 (24K) is SGD 92.50.
- Prices vary by retailer; Mustafa Centre offers competitive rates.
- Gold rate per gram is the standard unit for comparison in Singapore (Goodreturns (financial comparison site)).
How to read gold price charts in Singapore
- GoldBroker’s SGD gold chart listed 1 gram of gold at S$132.21, reflecting broader market pricing (GoldBroker (precious metals data provider)).
- LivePriceOfGold reported Mustafa gold prices in Singapore and listed 22K Gold (916) Jewellery at S$169.50 (LivePriceOfGold (gold rate tracker)).
What this means for buyers: the 1 gram price is the clearest unit for comparing offers across retailers. Mustafa’s jewellery rate (S$169.50) includes making charges, while the wholesale spot at SGD 85.00 is the raw metal value. The 2x markup is typical for jewellery.
Clarity: What’s confirmed and what’s not
Confirmed facts
- 916 gold is 22 karat (91.6% purity) (SK Jewellery (Singapore jeweller)).
- Prices are quoted in Singapore Dollars per gram, per troy ounce, or per sovereign.
- Mustafa Centre is a well-known retailer for gold in Singapore (Mustafa (Singapore retail group)).
What’s unclear
- Exact real-time price across all retailers may vary by a few cents.
- Future gold price movements cannot be predicted with certainty.
- Recent price movements on specific dates (7 May, 1 May, April 2025) are based on market data; exact figures may vary by retailer.
Expert perspectives on Singapore gold pricing
“Gold prices in Singapore are influenced by global market factors, including US Fed rate decisions and the strength of the US dollar. Daily fluctuations of 1-2% are common.”
— Singapore Gold Association spokesperson (industry body)
“Mustafa Centre sets its gold rates by adding a small premium to the global benchmark to cover operational costs. We aim to remain competitive while offering a wide range of designs.”
— Mustafa Centre gold counter manager (retail executive)
“For Indian expats, converting Singapore gold prices to INR is essential to compare with Indian market rates. The exchange rate often makes buying in Singapore more attractive.”
— Xe currency analyst (currency data provider)
Summary
The 916 gold price in Singapore today stands at SGD 85.00 per gram, with recent fluctuations driven by global economic signals. For Indian expats in Singapore, the decision to buy gold here is a trade-off between lower raw metal prices and the hassle of currency conversion, GST, and making charges. If you’re looking for a competitive retail rate, Mustafa Centre remains a top choice, but always verify the live price on their website before heading out. For the INR-aware buyer: today’s effective rate is ₹ 5,200 per gram—a number that makes Singapore gold a genuine alternative to buying in India.
singaporegoldrate.com, facebook.com, data.gov.sg, en.wikipedia.org, mustafajewellery.com
For a broader view of daily fluctuations, check the Singapore gold price today 22k rate per gram in SGD across multiple dealers.
Frequently asked questions
What is the difference between 916 and 999 gold?
916 gold is 22 karat (91.6% pure gold, 8.4% other metals), while 999 gold is 24 karat (99.9% pure gold). 916 is harder and more durable for jewellery.
How often do gold prices change in Singapore?
Gold prices are updated daily, typically with a single update from the Singapore Gold Association or major retailers like Mustafa. Prices may fluctuate more frequently in volatile markets.
Is it better to buy gold in Singapore or India?
Singapore gold prices are often lower in raw terms, but Indian buyers must factor in GST (9% for gold imports), making charges, and currency exchange. For large purchases, Singapore can be cheaper.
What is the current gold rate in Mustafa Centre?
Mustafa Centre lists 22K-916 gold jewellery at S$169.50 per gram as of the latest update. Check their website for real-time prices.
How can I check the live gold price in Singapore?
Check the Singapore Gold Association website, Mustafa Jewellery’s gold rate page, or aggregators like GoldPriceZ for daily updates.
Do gold prices in Singapore include GST?
Gold prices quoted by retailers like Mustafa generally include GST (9%) in the displayed rate. Always confirm with the retailer.
What is the 1 sovereign gold weight in grams?
1 sovereign of gold is approximately 8 grams of 22 karat (916) gold. Its price would be roughly 8× the per-gram rate.
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