MAS, SBMA outline key initiatives to grow gold trading ecosystem

One key plan is a clearing system for large bar and kilobar gold trading.

Singapore has outlined key focus areas to strengthen its position as a gold trading centre serving the Asia-Pacific region, amidst growing investor interest in vaulting and trading locally.

The measures were developed by the Gold Market Development Working Group, following industry consultations in 2025, according to a joint release by the Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA).

The focus areas include developing gold-related capital market products to facilitate price discovery and build liquidity, as well as establishing internationally aligned standards for vaulting and logistics.

The authorities also plan to build a clearing system for large bar and kilobar gold trading.

Meanwhile, MAS said it will explore providing vaulting services for foreign central banks and sovereign entities to meet potential demand.

The working group is co-chaired by MAS and SBMA and includes industry participants such as DBS Bank, JPMorgan Chase, UBS, SGX Group, and the World Gold Council.

Over the next few months, the group will develop detailed measures under each focus area and provide updates on implementation throughout the year.

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