Why did queues form in Singapore today?

A sharp drop toward US$4,400 drew bargain hunters. Many investors treat gold as portfolio insurance, so a sudden fall looks like a chance to add exposure. Banks and dealers saw a rush for coins and bars, which also led to sellouts of some items and longer delivery times.

Should I buy physical gold or a gold ETF?

It depends on your goals. Physical bars and coins give direct ownership but require storage and verification. ETFs offer quick trades, tight spreads, and small ongoing fees. Many investors blend both: physical for long-term wealth protection and ETFs for liquidity and easier rebalancing when markets move.

How do premiums affect what I pay?

Premiums are the mark-up above spot for minting, transport, and retail demand. Small bars and popular coins typically cost more per gram than larger bars. In heavy buying, premiums can widen, making your all-in price higher than spot. Comparing per-gram quotes can help manage gold prices singapore effectively.

What is a sensible allocation to gold?

Many investors keep a small single-digit share of their portfolio in gold as a diversifier. The right level depends on risk tolerance, time horizon, and other assets. Consider staggered buying to reduce timing risk, and review your allocation periodically as prices and your financial goals change.

Global Market Insights

Gold Prices Today, February 03: Singapore Queues to Buy the Dip After Rout

ByHuzaifa Zahoor February 3, 2026February 3, 2026

gold prices singapore tumbled overnight, pulling spot near US$4,400 and triggering heavy dip-buying across the island. Queues formed at bank bullion counters, with some products sold out as retail investors moved fast to secure ounces. We explain what drove the drop, why demand stayed firm, and what to watch next. We also lay out practical steps to buy gold in Singapore today, how premiums compare with ETFs, and what Deutsche Bank’s US$6,000 target for 2026 could mean for portfolios. Here is what Singapore investors need to know now.