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Today Gold Rate in Singapore 22K: Price Per Gram (July 2026)

Oliver Henry Thompson Harrison • 2026-07-06 • Reviewed by Ethan Collins

Few things spark as many conversations as the daily gold rate in Singapore – especially 22K, with prices varying by up to a few dollars per gram between outlets like Mustafa Centre and Joyalukkas. This article breaks down the current 22K (916) gold price, where to find the best deal, and how to read the real rate.

Current 22K (Mustafa Jewellery): S$171.40/gram ·
Current 22K (Joyalukkas): S$167.60/gram ·
Purity of 22K: 91.6% (916) ·
Last updated: 06 July 2026

Quick snapshot

1Mustafa 22K Rate
2Joyalukkas 22K Rate
3Last Update
  • 06 July 2026, 12:04 AM SGT
422K Purity

Four retailers, four rates – the pattern is clear: store‑specific pricing, not one universal Singapore gold price.

Retailer / Source 22K Gold Rate (SGD/gram) Notes
Mustafa Jewellery (official Singapore gold retailer) 171.40 Indicative rate, updated daily; 916 jewellery
Joyalukkas Singapore (established jewellery chain) 167.60 22KT jewellery rate, listed on their official page
ValueMax (licensed pawnshop) 239.00 / 222.00 Reference‑only; wide variance in displayed tables
Maxi‑Cash (licensed pawnshop) 231.00 Rate as of 6 July 2026; older table showed 248 in Feb 2026
PolicyBazaar (financial comparison site) ~159.00 Estimate for 22K; aggregator data may lag

The takeaway: Mustafa and Joyalukkas offer the most transparent, regularly‑updated rates for retail 22K jewellery. Pawnshop prices often run higher and may include different purity standards.

How much is 1 gram 22K gold in Singapore today?

Current 22K gold rate per gram

As of 6 July 2026, the most authoritative store‑front rate for 22K (916) gold in Singapore comes from Mustafa Jewellery, quoting S$171.40 per gram. A separate live‑price aggregator shows a slightly higher S$171.60 (LivePriceOfGold (third‑party aggregator)). Across town, Joyalukkas Singapore offers the same purity at S$167.60 per gram – a 2‑3 dollar difference.

“Today’s gold price in Singapore stands at $184.80 per gram for 24 karat gold, $168.50 per gram for 22 karat gold.” — Goodreturns (financial portal)

The catch

The $168.50 figure from Goodreturns is dated differently than Mustafa’s. Always check the timestamp: a rate posted at midnight may be obsolete by noon.

Comparison with 24K and 18K

Singapore 24K gold (999 fine) typically trades at a premium of S$10‑S$15 over 22K. Based on the Mustafa jewellery page, 24K jewellery is not listed, but LivePriceOfGold shows a 24K gold bar at S$18,566 – likely per kilogram. For retail jewellery, 18K (750) usually sells for 25‑30% less than 22K. The exact 18K rate at Mustafa is not published on their site, but most Singapore retailers adjust it in line with the spot price.

Bottom line: Today’s 22K gold price in Singapore sits between S$167.60 (Joyalukkas) and S$171.40 (Mustafa). Buyers should compare two or three store quotes before buying, because a S$3‑$4 difference per gram adds up on a ten‑gram chain.

What is the 916 gold price today in Singapore, Mustafa?

Mustafa Centre gold price for 22K

Mustafa Jewellery’s page explicitly labels its rates as “indicative” and groups prices by karat. For 22K (916) jewellery, the listed rate is S$171.40 per gram as of 06‑07‑2026 00:04:23 SGT. This is the strongest current source because the store updates its site daily.

How to get the best rate at Mustafa

  • Check the online rate before visiting – the counter’s handwritten price list may match the website (BullionStar (gold bullion dealer) notes that Mustafa’s gold counter displays a partly typed, partly handwritten list).
  • Ask for the “today’s special” or “best price” – some customers report a small discount for cash payment.
  • Compare with Joyalukkas (S$167.60) and SK Jewellery to see if Mustafa is within the market range.
What to watch

Mustafa’s rate changes daily. The S$171.40 quote is from the early morning of 6 July 2026. By the time you walk into the store, the price may have moved by S$1‑2 – always verify on the spot.

The pattern: Mustafa is competitive but not always the cheapest. For the lowest 22K rate in Singapore today, Joyalukkas undercuts Mustafa by nearly S$4 per gram.

How much is 1 gram gold to sgd?

Gold price per gram in SGD

The Singapore dollar price for 1 gram of gold depends on purity. For 22K (916), the cost is roughly S$167‑S$172 per gram across retailers, as shown above. The international spot price – quoted in US dollars – is converted to SGD and then a retailer premium is added. On 5 July 2026, the Singapore gold price per gram in USD was 173.33 USD (GoldPrice.org (metals pricing platform)). That translates to about S$232 at the spot rate, but retail 22K is always lower because of the alloy content.

Bottom line: One gram of 22K gold costs about S$168‑S$172 in Singapore. The exact number you pay depends on the store’s margin and the day’s spot price.

Is Singapore gold cheap?

Singapore vs. other countries

Yes – Singapore gold is considered competitive globally. A key reason: the country imposes a low import duty (0%) and a 9% GST on gold (with a GST‑absorbed scheme for Investment‑Grade Precious Metals). Compared to India, where imports attract 15% customs duty plus GST, buying 22K gold in Singapore can save 15‑20% on the base price. PolicyBazaar notes that Singapore gold rates are among the most attractive in Asia, alongside Dubai and Hong Kong.

Why this matters

For an Indian buyer purchasing 50 grams of 22K gold, the total cost in Singapore (including GST) can be S$8,570 (at Joyalukkas), while the same weight in India would cost roughly the equivalent of S$10,000 after duties and taxes – a saving of over S$1,400.

The implication: For buyers outside Singapore, the savings can be significant, especially compared to high-duty markets like India.

What is the Singapore gold rate today in Indian rupees?

22K gold price in INR

To convert the Singapore 22K gold rate to Indian rupees, multiply the SGD per‑gram price by the current exchange rate. As of 6 July 2026, XE (currency converter) shows 1 SGD ≈ 62 INR. Therefore:

  • At Joyalukkas (S$167.60/gram): ≈ INR 10,391 per gram
  • At Mustafa (S$171.40/gram): ≈ INR 10,627 per gram

This makes Singapore 22K gold significantly cheaper than India’s domestic rate, which often exceeds INR 13,000 per gram after duties.

The trade‑off

Exchange rates fluctuate – a sudden drop in the SGD/INR rate could reduce savings. Also, Indian travellers returning from Singapore must respect the duty‑free limit (currently 1 kg of gold at 15% duty plus GST). Plan your purchase accordingly.

What this means: Indian buyers should lock in rates and factor in duty costs before making a purchase decision.

Timeline signal

  • February 2026 – Maxi‑Cash listed 22K (916) gold at S$248/gram
  • June 2026 – 22K price fluctuated between S$165‑S$172, driven by global spot changes
  • 5 July 2026 – Global spot gold: 173.33 USD/gram
  • 6 July 2026 – Mustafa Jewellery updates its 22K rate to S$171.40/gram

The trend: Singapore 22K gold rates have been relatively stable, with minor daily adjustments tied to global spot movements.

What’s clear and what’s not

Confirmed facts

  • 22K gold (916) is 91.6% pure gold (SK Jewellery (Singapore jewellery retailer))
  • Mustafa Jewellery’s 22K rate on 6 July 2026 is S$171.40/gram
  • Joyalukkas Singapore offers S$167.60/gram for 22K
  • ValueMax and Maxi‑Cash show higher reference rates for pawnshop‑sold gold

What’s unclear

  • Exact Mustafa Centre rate at the moment you walk in – it changes daily and is marked as indicative
  • Future price movements – gold spot prices are volatile
  • Whether ValueMax’s S$239/gram and S$222/gram reflect different purity balls or a pricing error
  • Whether LivePriceOfGold’s slightly different rate (S$171.60) reflects the actual store rate

Recognising these uncertainties helps buyers avoid depending on a single source.

Key specifications of 22K gold

Here is a breakdown of the key specifications of 22K gold as provided by retailers and industry sources.

Specification Detail
Purity 91.6% gold (916 hallmark)
Alloy metals 8.4% copper, silver, or zinc
Common use Jewellery – engagement rings, chains, bangles
Popularity in Singapore Most purchased karat for wedding jewellery
GST on jewellery 9% GST applied (no GST absorption for retail jewellery)
Resale value Typically 90‑95% of the buying price at licensed pawnshops

These specifications highlight why 22K remains the go‑to choice for durability and value in Singapore.

Quotes from the market

“Gold Price Today in Singapore ; GOLD 24KT RATE. SGD 182.90 ; GOLD 22KT RATE. SGD 167.60” — Joyalukkas Singapore (established jewellery chain)

“Today’s gold price in Singapore stands at $184.80 per gram for 24 karat gold, $168.50 per gram for 22 karat gold.” — Goodreturns (financial portal)

Both quotes underscore the narrow spread between retailer rates and aggregator estimates.

So, what should you do with today’s 22K gold rate?

If you are buying 22K gold in Singapore today, the smartest move is to get a live quote from Mustafa Jewellery and compare it with Joyalukkas. SK Jewellery (Singapore jewellery retailer) also provides educational content on 916 gold. For anyone returning to India, the potential savings on a typical 30‑gram chain exceed S$400 – but only if you check the exchange rate and duty rules first. Compare today’s Chennai gold price to see the gap. For tourists, timing your purchase during a global gold dip adds extra value. The decision is clear: verify the store rate, confirm the purity, and buy where the margin is leanest.

The implication: Taking a few minutes to compare outlets can save hundreds of dollars on a single purchase.

Frequently asked questions

What is the difference between 22K and 24K gold?

24K gold is 99.9% pure (999), while 22K (916) is 91.6% gold mixed with other metals. 22K is harder and better suited for jewellery that sees daily wear.

How is the gold price determined in Singapore?

Retail prices are based on the international spot price (in USD per troy ounce), converted to SGD, plus a retailer premium. The premium covers making charges, GST, and profit. Store rates are updated at least once a day.

Is it better to buy gold in Singapore or India?

For identical 22K purity, Singapore is usually 10‑15% cheaper than India due to lower import duties and taxes. However, Indian travellers must pay 15% customs duty on gold over the duty‑free limit. Compare net costs including travel.

Can I negotiate gold prices at Mustafa Centre?

Mustafa’s posted rates are indicative. Some customers report small discounts for cash purchases. It never hurts to ask, but don’t expect a major reduction.

What is the GST on gold in Singapore?

Jewellery purchases incur 9% GST. Investment‑grade gold bars (999.9) can be GST‑exempt if sold under the Approved Exchange scheme.

How to check gold purity when buying?

Look for the “916” hallmark stamped on the item. Reputable retailers like Mustafa and Joyalukkas provide a purity certificate. Third‑party assay can confirm the karat.

What is the resale value of 22K gold in Singapore?

Licensed pawnshops like ValueMax and Maxi‑Cash buy 22K gold at 90‑95% of their selling price. The resale rate depends on the day’s gold price and the item’s condition.



Oliver Henry Thompson Harrison

About the author

Oliver Henry Thompson Harrison

Coverage is updated through the day with transparent source checks.