Precious Metals

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Notice:
[Please be informed that all branches, Privilege and Wealth Banking Centres in Singapore will cease to accept cheques for the purchase of gold / silver with effect from 1 March 2012.  You can continue to pay cash for transactions related to your Gold Savings Account / Silver Savings Account; or authorise us to debit the amount from your UOB Singapore account. Please also note that the operating hours for GSA and SSA-related banking is up to 6pm at UOB branches, Privilege and Wealth Banking Centres with extended hours.

To locate a UOB branch, Privilege or Wealth Banking centre near you, click here, or for branches with extended hours, click here

At a Glance

United Overseas Bank

Rates & Fees

  • For Gold Bars: Prices are based on the international gold price adjusted for the 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 administrative fee of S$36 per kilobar per annum
    The fees are subject to GST.
  • For Gold Savings Account: An annual administrative fee (in grams of gold) as low as 0.12 gram per month or 0.25% per annum. on the highest balance per month, whichever is higher. The fee is subject to GST, which will be deducted from your account in grams of gold.

    An administrative charge of S$30 for the closure of the account within six months. The fee is subject to GST.
  • For Silver Savings Account: An annual administrative fee (in ounces of silver) as low as 0.2 ounce per month or 0.375% per annum on the highest balance per month, whichever is higher. The fee is subject to GST, which will be deducted from your account in ounces of silver also.

    An administrative charge of S$30 for the closure of the account within six months. The fee is subject to GST.
  • You can buy and sell Gold Bullion Coins, Gold Bars and Gold Certificates at our Gold Department at UOB Main Branch, which is located at UOB Plaza, 80 Raffles Place. The Gold Department is closed on Saturdays.
  • For Gold Savings Account and Silver Savings Account, please visit any UOB branch from Mondays to Fridays during banking hours (the operating hours for GSA and SSA-related banking is up to 6pm at UOB branches, Privilege and Wealth Banking Centres with extended hours).
  • Contact Us

Risks

Investments in gold and silver are not guaranteed by the Bank and are subject to investment risks, including the possible loss of the principal amount invested. 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.

  • You can now buy or sell gold and silver via UOB Personal Internet Banking. This service is available to UOB Gold or Silver Savings Account holders with access to UOB Personal Internet Banking. New!
  • You can buy and sell Gold Bullion Coins, Gold Bars and Gold Certificates at our Gold Department at UOB Main Branch, which is located at UOB Plaza, 80 Raffles Place. The Gold Department is closed on Saturdays.
  • For Gold Savings Account and Silver Savings Account, please visit any UOB branch from Mondays to Fridays during banking hours.
  • Contact Us

Apply Now

  • You can now buy or sell gold and silver via UOB Personal Internet Banking. This service is available to UOB Gold or Silver Savings Account holders with access to UOB Personal Internet Banking. New!
  • You can buy and sell Gold Bullion Coins, Gold Bars and Gold Certificates at our Gold Department at UOB Main Branch, which is located at UOB Plaza, 80 Raffles Place.  The Gold Department is closed on Saturdays.
  • For Gold Savings Account and Silver Savings Account, please visit any UOB Branch from Mondays to Fridays during banking hours.
  • Contact Us

FAQ

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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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