Mustafa Gold Price Today: 22K & 24K Rates Singapore

While pawnshops and jewellery chains in Singapore routinely add premiums of 27% or more over wholesale, Mustafa Centre posts its 22K gold at SGD 188.40 per gram — a rate that sits closer to wholesale than typical retail. The 24-hour Little India hub’s upfront pricing draws both casual buyers and seasoned investors. Here’s what the current rates mean for your next purchase.

22K (916) Gold at Mustafa Centre (per gram): SGD 188.40 · 24K (999) Gold Bar (100g) at Mustafa Centre: SGD 20,490.00 · 24K (999) Gold at Mustafa Jewellery (per gram): SGD 204.00 · Last Updated: As of May 2026

Five current pricing points, one clear pattern: Mustafa Centre consistently posts among the most transparent gold rates in Singapore, though small-gram 24K prices require a direct inquiry.

The pricing breakdown reveals a consistent cost hierarchy across purities and product types.

What is the price of 22K gold in Mustafa today?

What is the 916 gold price today in Singapore?

Mustafa Centre lists 22K (916) gold at SGD 188.40 per gram as of May 2026, while Mustafa Jewellery separately shows SGD 187.90 per gram. The slight difference reflects different product lines (general retail vs jewellery). Across Singapore, other retailers charge more: ValueMax Singapore (regulated pawnbroker and gold buyer) indicates 916 gold at SGD 240.00 per gram, a premium of roughly 27% over Mustafa’s rate. Aggregator Goldpricez (Singapore gold market tracker) puts the market 22K average at SGD 174.16 per gram – notably lower than Mustafa’s selling price, likely because aggregators track spot wholesale rather than retail.

• Mustafa Centre 22K: SGD 188.40/g (Mustafa Centre official website)
• Mustafa Jewellery 22K: SGD 187.90/g (Mustafa Jewellery official website)
• Singapore 22K market average (wholesale): SGD 174.16/g (Goldpricez)
• Indicative retail 22K at ValueMax: SGD 240.00/g (ValueMax Singapore)

Why this matters: Mustafa’s 22K price sits well below the typical retail premium charged by pawnshops and jewellery chains, making it a go-to for cost-conscious buyers. But the wholesale aggregator rate highlights that Mustafa still adds a retail margin – you’re paying for convenience and hallmarked quality.

Meanwhile, GoodReturns India (international gold price aggregator) reports Singapore 22K at SGD 198.60 per gram, reflecting a different basket of retailers. The spread across sources underscores why checking Mustafa directly matters.

How much is 1 g of 24K gold today?

What is the 24K gold bar price at Mustafa?

For 24K (999) gold, Mustafa Centre’s largest listed unit is a 100-gram bar at SGD 20,490.00, which works out to SGD 204.90 per gram. Mustafa Jewellery lists 24K gold at SGD 204.00 per gram directly. That 0.90 cent difference is negligible but worth noting for large purchases. LivePriceOfGold (real-time precious metals tracker) shows spot gold at USD 4,638.00, so Mustafa’s retail price includes a small premium over spot.

• 24K bar (100g) at Mustafa Centre: SGD 20,490.00 (≈ SGD 204.90/g) (Mustafa Centre)
• 24K gold per gram at Mustafa Jewellery: SGD 204.00 (Mustafa Jewellery)
• Spot gold: USD 4,638.00 (LivePriceOfGold)
• Singapore 24K average (wholesale): SGD 189.99/g (Goldpricez)

The pattern: Mustafa’s 24K per-gram price is about SGD 15 higher than the wholesale average, but far below ValueMax’s indicative SGD 255.00/g. For investors buying in bulk, the 100g bar is the most cost-effective option at Mustafa.

Is Mustafa gold hallmarked?

What hallmarks does Mustafa gold have?

Yes – all gold sold at Mustafa Centre and Mustafa Jewellery carries a hallmark indicating purity. Mustafa Jewellery’s official website confirms both 916 (22K) and 999 (24K) hallmarks are used. This matters because hallmarking is the only reliable way to verify gold content in Singapore, where unmarked jewellery can be counterfeit or under-karat.

• 22K gold stamped 916 (91.6% pure gold) (Mustafa Jewellery)
• 24K gold stamped 999 (99.9% pure gold) (Mustafa Jewellery)
• Singapore’s Consumer Protection (Trade Descriptions and Safety Requirements) Act requires accurate hallmarking

The catch: even hallmarked gold can have tiny purity variations (±0.5‰), so always ask for an assay certificate for high-value purchases.

How can I check the Mustafa gold rate today live?

Official Mustafa website gold rate page

The most reliable source is mustafa.com.sg, where Mustafa Centre posts daily rates for gold bars and jewellery. The page is updated daily, though not in real-time during market hours.

Use third-party live price trackers

For live tracking, LivePriceOfGold’s dedicated Mustafa page aggregates rates and shows spot gold movements. Goldpricez Singapore also provides historical charts and 7-day change data, which can help you time your purchase.

What is today’s gold rate in Singapore for 22 carat?

How does Mustafa’s rate compare to the Singapore market rate?

The Singapore 22K market shows wide variation. Wholesale aggregator Goldpricez lists SGD 174.16/g, while retail outlets like ValueMax charge SGD 240.00/g. Mustafa sits at SGD 188.40–188.30/g, closer to wholesale than typical retail. Another data point: GoodReturns reports SGD 198.60/g for 22K, suggesting Mustafa is on the lower end of retail.

Factors affecting gold price in Singapore

Gold prices in Singapore are primarily driven by the international spot price (in USD) and the SGD/USD exchange rate. UOB and other banks adjust their rates daily. Mustafa’s prices follow the same global cues but with a fixed retail margin – meaning when spot drops, Mustafa’s prices usually follow within a day.

• Spot gold (USD): 4,638.00 (LivePriceOfGold)
• SGD/USD rate affects local conversion
• Mustafa’s margin on 22K: roughly 8% over wholesale (Goldpricez vs Mustafa Centre)

For a buyer in Singapore looking to put SGD 20,000 into physical gold, the choice of retailer can cost or save you thousands. Mustafa Centre’s transparent pricing and hallmark guarantee make it a strong first stop. The trade-off: limited small-bar availability and no real-time price feed. If you need 1-gram pieces, a bullion bank or UOB may be necessary – but for bulk purchases, Mustafa’s 100g bar at SGD 20,490.00 is hard to beat.