Gold Spot Price (gold/SGD)
SGD 6,548.48
per troy ounce
Gold & Silver
1 oz
SGD 6,548.48
1 gr
SGD 210.54
1 kg
SGD 210,538.40
Prev Close
SGD 6,787.46
Open
SGD 6,548.48
Day High
SGD 6,639.73
Day Low
SGD 6,485.44
1 oz
SGD 106.20
1 gr
SGD 3.41
1 kg
SGD 3,414.52
Prev Close
SGD 113.95
Open
SGD 106.20
Day High
SGD 110.73
Day Low
SGD 103.39
Current Situation
Gold prices have plunged below $5,000 per ounce from recent highs near $5,379, with spot gold down over 5% to around $5,030 amid a surging US dollar and rising Treasury yields (Mitrade, CTV News).
Key Drivers
- Strong US Dollar: DXY at a 9-month high of 99.21 makes gold costlier for overseas buyers, outweighing safe-haven demand (Mitrade, KitcoNewsNOW).
- Climbing Treasury Yields: US 10-year yields at 4.05% hurt non-yielding gold as investors favor bonds amid inflation worries (Mitrade, KitcoNewsNOW).
- Middle East Tensions: US-Israel strikes on Iran and Strait of Hormuz risks spurred earlier gains, but dollar strength dominates while oil spikes add inflation pressure (Reuters, Peter Schiff on X).
Short-Term Outlook (1-7 days)
Downward pressure likely persists from dollar and yield strength, with a potential floor near $5,000; watch for any rebound if geo-risks escalate (Heraeus via Kitco).
Long-Term Outlook (1-3 months)
Bullish trend intact despite pullback, with analysts forecasting $5,400-$6,300 by year-end on sustained geo-risks and central bank demand (Goldman Sachs, J.P. Morgan, BNP Paribas).
What to Watch
- Middle East developments, especially Strait of Hormuz oil disruptions.
- Fed rate decisions amid oil-driven inflation.
- Dollar-gold safe-haven battle and central bank buying trends.
Current price: SGD 6,548.48/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SGD 6,548.48 | -SGD 238.98 | -3.52% | |
| 1 Week | SGD 6,665.36 | -SGD 116.88 | -1.75% | |
| 1 Month | SGD 6,314.12 | +SGD 234.36 | +3.71% | |
| 3 Months | SGD 5,411.41 | +SGD 1,137.07 | +21.01% | |
| 6 Months | SGD 4,599.89 | +SGD 1,948.59 | +42.36% | |
| 1 Year | SGD 3,724.86 | +SGD 2,823.62 | +75.80% | |
| Since 2026 | SGD 5,562.61 | +SGD 985.87 | +17.72% | |
| Since 2025 | SGD 3,403.97 | +SGD 3,144.51 | +92.38% | |
| Since 2024 | SGD 2,644.36 | +SGD 3,904.12 | +147.64% | |
| Since 2023 | SGD 2,354.47 | +SGD 4,194.01 | +178.13% | |
| Since 2022 | SGD 2,295.80 | +SGD 4,252.68 | +185.24% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SGD 6,548.48 | SGD 6,787.46 | SGD 6,639.73 | SGD 6,485.44 | Today -238.98 (-3.52%) |
Silver (XAG) | SGD 106.20 | SGD 113.95 | SGD 110.73 | SGD 103.39 | Today -7.75 (-6.80%) |