Are there any fees for Gold Certificates?

There is a S$5 certificate fee for the purchase of a Gold Certificate. There is also an annual administration fee of S$72 per kilo bar for Gold Certificates holders (with effect from 1 June 2013). Both the certificate fee and administrative fee are subject to the prevailing Goods & Services Tax (GST). Customers are required to maintain a savings or current account with UOB in Singapore and to authorise the bank to debit the annual administration fee from the account.