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Gold & Silver

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Gold Savings Account (GSA) / Silver Savings Account (SSA)
At UOB, you can buy and sell gold and silver without physical delivery with GSA/SSA.

You can also enjoy the convenience of transacting online via UOB Personal Internet Banking or UOB Mobile. With GSA/SSA, buying and selling gold and silver has never been easier.

To open a GSA/SSA:
Visit any UOB branch

Existing Personal Internet Banking users with GSA/SSA can transact online or via UOB Mobile.
Transact online

Physical Gold and Gold Certificates
Other than GSA/SSA, you can also choose to buy and sell Gold Bars, Gold Bullion Coins and Gold Certificates at our Gold counter located at UOB Main Branch, Banking Hall Basement (Counter 79) UOB Plaza 2, 80 Raffles Place.

At a Glance

Rates & Fees

  • For Gold Bars: Prices are based on the international gold price adjusted for Singapore market conditions
  • For Gold Bullion Coins: Prices include a premium over the international gold price
  • For Gold Certificates:
    • A flat S$5 per certificate
    • An services charge of S$72 per kilobar per annum (With effect from 1 Jun 2013)
    The fees are subject to GST.
  • For Gold Savings Account: The service charge is calculated on a monthly basis at 0.25% p.a. of the highest gold balance each month, subject to a monthly minimum charge of 0.12grams of gold.

    The monthly service charges are accumulated and the total is debited from the account at the end of each year or upon closure of the account, in grams of gold.

    The service charge is subject to GST which will be deducted from your account in grams of gold.

    An early account closure fee of S$30 will be applicable for closure of account within six months and is subject to GST.
  • For Silver Savings Account: The service charge is calculated on a monthly basis at 0.375% p.a. of the highest silver balance each month, subject to a monthly minimum charge of 0.2 ounces of silver.

    The monthly service charges are accumulated and the total is debited from the account at the end of each year or upon closure of the account, in ounces of silver.

    The service charge is subject to GST which will be deducted from your account in ounces of silver.

    An early account closure fee of S$30 will be applicable for closure of account within six months and is subject to GST.

Risks

Investments in gold and silver are not guaranteed by the Bank and are subject to investment risks. Value of the investments and administrative fees can go up or down, depending on the fluctuations in international and/or local gold and silver markets and foreign exchange market.

Apply Now

Gold Savings Account/Silver Savings Account
To start buying and selling gold and/or silver, you will need to open an account with UOB
  - Account opening can be done at any UOB branch during banking hours excluding Saturdays, Sundays and Singapore public holidays.
   
Transactions can be done at any UOB branch during banking hours excluding Saturdays, Sundays and Singapore public holidays.
   
If you have access to UOB Personal Internet Banking, you can also perform transactions online via the UOB internet platform or UOB Mobile from Mondays to Fridays from 8am to 11pm excluding Singapore public holidays.
   
Gold Bars/Gold Bullion Coins/Gold Certificates
The above 3 products can only be transacted at our Gold counter at UOB Main Branch located at Banking Hall Basement (Counter 79) UOB Plaza 2, 80 Raffles Place from 9am to 4pm, Mondays to Fridays excluding Singapore public holidays.

FAQ

More Information


Disclaimer
The above is not to be used or considered as an offer, or invitation to offer, to sell or to buy the above product or any of the securities or other investment products referred to herein, and does not constitute a recommendation by the Bank to enter into any transaction or any form of commitment by the Bank to enter into any transaction.

The Bank has not taken any step to ensure that the product is suitable for any particular investor and unless the Bank otherwise agrees, the Bank is not acting as your adviser or in any fiduciary capacity in respect of any proposed transaction in relation to the above product, or any other transaction.

Nothing herein constitutes investment, legal, accounting or tax advice, or a representation that any investment is suitable for or appropriate to your investment objectives, financial situation and particular needs, or otherwise constitutes a personal recommendation to you.

The above does not purport to identify or suggest all the risks or material considerations which may be associated with the proposed product.

As such, it is recommended that before entering into any transaction, you should take steps to ensure, without reference to the Bank, that you have a full understanding of the terms, conditions and risks thereof and are capable of and willing to assume those risks in the light of your own investment objectives, financial situation and particular needs.

If you are in doubt as to any aspect of any transaction in respect of the above product, please consult your own legal, regulatory, tax, business, investment, financial and accounting advisers.

While based on information believed to be reliable, this document and its contents are provided on an “as is” basis. The Bank does not make any representation or warranty as to the accuracy, timeliness or completeness of the information contained in this document.

The Bank and its affiliates, connected or related companies, directors, employees or clients may have an interest in the above product or its related products or other financial instruments, or derivatives (collectively, the “Products”) including, in relation to the Products, marketing, dealing, holding, acting as market-makers, performing financial or advisory services, acting as a manager or co-manager of a public offering.

The Bank, its affiliates, connected or related companies, directors or employees may also have alliances, contractual agreements, or broking, investment banking or other relationships for the provision of financial services, with any product provider mentioned in this document.

Investments in gold and/or silver are not deposits.  This product is therefore not an insured deposit within the meaning of the Deposit Insurance Act (Cap 77A).

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