You’ve checked SK Jewellery’s display case and noticed two price tags for gold — 999 and 916 — and you probably wondered why one costs more per gram; that difference isn’t just marketing, it’s a decision between purity and durability that affects how your jewellery wears over time. SK Jewellery, a Singapore brand founded in 2009, publishes daily prices for both, with 999 gold currently at SGD 87.00 per gram and 916 gold at SGD 79.50, and this guide breaks down those prices, explains what you’re paying for beyond the gold itself, and helps you decide which purity makes sense for your next purchase.
Current 24K gold spot price per gram in Singapore: SGD 85.00 (as of March 2025) ·
SK Jewellery 999 gold price per gram (today): SGD 87.00 ·
SK Jewellery 916 gold price per gram (today): SGD 79.50 ·
Average retail premium over spot: 2%–5% for jewellery ·
Singapore goods and services tax (GST) on gold: 9% (on profit margin for investment gold)
Quick snapshot
- 999 gold per gram: SGD 87.00 (SK Jewellery Singapore)
- 916 gold per gram: SGD 79.50 (SK Jewellery Singapore)
- Check hallmark stamp on piece (Singapore Assay Office)
- Request certificate from jeweller (SK Jewellery Singapore)
- Independent verification via third-party assay (Singapore Assay Office)
- 2023–2025: Gold spot price fluctuated between SGD 75–95/gram (GoldPrice.org)
- 2025 Q1: Record high gold prices globally, affecting retail premiums (Reuters Commodities)
- Singapore gold import duty remains 0% (Monetary Authority of Singapore)
- GST on investment gold stays at 0% from accredited dealers (Monetary Authority of Singapore)
Six facts that frame the SK Jewellery pricing picture, from the brand’s founding to the tax rules that affect your final cost.
| Label | Value |
|---|---|
| SK Jewellery founded | 2009 (SK Jewellery Singapore) |
| Headquarters | Singapore (SK Jewellery Singapore) |
| Number of outlets in Singapore | 15+ (SK Jewellery Singapore) |
| Standard gold purities sold | 916 (22K) and 999 (24K) (SK Jewellery Singapore) |
| Singapore gold import duty | 0% (Monetary Authority of Singapore – gold trading regulations) |
| GST on investment gold | 0% (if from accredited dealer) (Monetary Authority of Singapore – commodity statistics) |
What is the SK gold price?
The simplest answer: SK Jewellery posts two prices per gram daily — one for 999 gold (24K) and one for 916 gold (22K). As of today’s listing, 999 gold is SGD 87.00 per gram and 916 gold is SGD 79.50 per gram. But those numbers are the starting point, not the final ring.
Current 999 gold price per gram at SK Jewellery
- SK Jewellery lists 999 gold at an indicative retail price of SGD 87.00 per gram (SK Jewellery Singapore).
- 999 Gold contains 99.9% pure gold, making it the purest form available commercially (SK Jewellery Singapore).
- This purity is investment-grade and typically used for gold bars and traditional heirloom pieces (ValueMax Singapore).
999 gold’s softness means a simple wedding band may scratch within weeks of daily wear — the purity you’re paying for actually makes it less practical for jewellery you’ll wear often.
Current 916 gold price per gram at SK Jewellery
- SK Jewellery lists 916 gold at SGD 79.50 per gram (SK Jewellery Singapore).
- 916 Gold contains 91.6% pure gold and 8.4% alloy metals (SK Jewellery Singapore).
- It is the popular choice for jewellery due to its balance between purity and durability (ValueMax Singapore).
How SK Jewellery sets its gold prices
SK Jewellery updates its gold prices daily on its official website, based on the international spot price converted to Singapore dollars. The retail price includes a premium over spot — typically 2% to 5% for jewellery pieces — that covers design, craftsmanship, and retail overhead (GoldPrice.org). Prices also vary by product design and weight, so a SGD 87.00 per gram base can climb quickly for intricate pieces.
How much is 1 gram of gold in Singapore today?
As of today, the spot price of gold in Singapore is roughly SGD 85.00 per gram for 24K purity, based on international market rates converted to SGD. But “spot” is not what you pay at the counter, and the gap between headline number and purchase price matters more than the number itself.
What affects the daily gold price in Singapore?
- The spot price of gold is set globally in USD and converted to SGD — fluctuations in the SGD-USD exchange rate directly affect the local price (Reuters Commodities).
- Global market conditions, including inflation expectations and geopolitical tensions, drive the USD gold price (World Gold Council).
- Singapore’s 0% import duty on gold keeps the local price competitive relative to regional peers (Monetary Authority of Singapore – gold trading regulations).
Where to check live gold spot prices
For real-time spot prices, GoldPrice.org (live gold rate tracker) provides the current USD price per troy ounce converted to SGD per gram. The Monetary Authority of Singapore’s commodity statistics page also publishes reference rates for precious metals.
How to convert troy ounces to grams
- 1 troy ounce = 31.1035 grams (Investopedia).
- To convert the quoted USD/oz price to SGD/gram: divide by 31.1035, then multiply by the current USD-SGD exchange rate.
The implication: If you only check the per-gram spot price and don’t account for the retail premium, you’ll underestimate your actual cost by 5-15%, depending on the piece.
Is Singapore cheap for gold jewellery?
Singapore is not the cheapest place to buy gold jewellery in absolute terms, but it is among the most transparent and tax-efficient markets in the region. The question is less about “cheap” and more about “value for what you actually get.”
Comparing Singapore’s gold prices to other countries
- Singapore has no import duty on gold, which immediately lowers the base cost compared to countries like India (12.5% import duty) or the UAE (5% duty) (Monetary Authority of Singapore – gold trading regulations).
- Countries like India and UAE often have lower labour costs but higher import duties — the net price can balance out depending on the piece (World Gold Council).
- Malaysian gold prices, for comparison, show SK Jewellery listing 999 gold at RM705 per gram and 916 at RM645 per gram as of mid-2026 — roughly 10-15% below Singapore prices when converted (SK Jewellery Malaysia).
Tax implications and duty-free shopping
- Singapore’s GST of 9% applies to jewellery purchases, but on investment-grade gold (bars, coins) the GST is only on the profit margin, not the full value (Monetary Authority of Singapore – commodity statistics).
- Tourists can claim a GST refund on gold jewellery when leaving Singapore, reducing the effective tax (Monetary Authority of Singapore – gold trading regulations).
The role of labour and craftsmanship costs
Lower labour costs in India and the UAE often mean more intricate work for a smaller premium over the gold value, while Singapore’s higher labour costs are reflected in the final price. A plain chain bought at SK Jewellery has a small mark-up; a handcrafted necklace carries a substantial labour premium that has nothing to do with gold value (Statista Gold Market Data).
Should I buy gold in Singapore?
The short answer: yes, if you know what you’re buying and why. Singapore’s regulatory framework makes it one of the safest places to buy gold, but the decision depends on whether you’re buying for investment, daily wear, or occasional use.
Pros of buying gold in Singapore
- Singapore is a trusted global gold trading hub with strict regulations enforced by the Monetary Authority of Singapore (Monetary Authority of Singapore – gold trading regulations).
- Jewellery from reputable brands like SK Jewellery is hallmarked and authentic, with certificates provided for all purchases (SK Jewellery Singapore).
- Investment gold (bars, coins) is GST-free if bought from accredited dealers, making it efficient for serious investors (Monetary Authority of Singapore – commodity statistics).
- No import duty means the base cost of gold in Singapore is among the lowest in the region (Monetary Authority of Singapore – gold trading regulations).
Cons and considerations
- Watch out for high markups on designer and branded jewellery pieces — the premium can exceed 20% of the gold value (Consumers Association of Singapore).
- Singapore’s labour costs mean less intricate detailing for the same price compared to some regional competitors.
- For tourists, the GST refund process adds paperwork — be prepared to declare your purchase at the airport (Monetary Authority of Singapore – gold trading regulations).
First-time buyers often mistake “retail price” for “market price.” The retail price already includes the jeweller’s premium — if you’re buying back gold later, you’ll get the spot price minus a recycle fee, not what you paid.
Buying decision: SK Jewellery: For daily-wear jewellery, choose 916 gold; for investment, choose 999 gold. The decision saves or costs you money over the piece’s lifetime.
Tips for first-time buyers
- Always ask for the breakdown: gold value + premium + labour. A reputable jeweller like SK will provide this transparently (SK Jewellery Singapore).
- Compare prices across stores in Little India and Chinatown — ValueMax Singapore is a well-known comparison point for 22K and 24K rates (ValueMax Singapore).
- Stick with 916 gold for daily-wear jewellery; save 999 gold for investment bars or special occasion pieces that won’t face daily handling.
Why this matters: The difference between buying wisely and overpaying in Singapore is the difference between buying 916 for a wedding ring and buying 999 because someone told you “purer is better” — that decision alone can save or cost you thousands over the life of the piece.
Does SK Jewellery sell real gold?
SK Jewellery is a Singapore-based brand established in 2009, and yes — the gold it sells is genuine, hallmarked, and backed by a certificate of authenticity. But trust depends on knowing what verification you can do yourself.
How to verify the purity of SK Jewellery gold
- All gold jewellery sold at SK is tested and stamped with purity marks — 916 or 999 — directly on the piece (SK Jewellery Singapore).
- Independent verification can be done at the Singapore Assay Office (official hallmarking body), which provides third-party purity testing.
Hallmarks and certificates provided by SK Jewellery
- SK Jewellery provides a certificate of authenticity with all purchases, listing the weight, purity, and design details (SK Jewellery Singapore).
- The hallmark on the jewellery should match the certificate — check that the stamp is clear and corresponds to the purity claimed.
Customer reviews and brand reputation
SK Jewellery operates 15+ outlets across Singapore and is a regular presence in major shopping districts including Little India, Chinatown, and Orchard Road. The brand has built a reputation among both local buyers and tourists for transparent pricing and consistent quality (SK Jewellery Singapore).
A hallmark isn’t a guarantee — it’s a claim by the jeweller. For high-value purchases, spend the SGD 30-50 for an assay from the Singapore Assay Office to confirm purity. For a plain wedding band, the hallmark and certificate are sufficient.
The recommendation: For high-value purchases, third-party assay is recommended, but for standard jewellery, the hallmark and certificate suffice.
Gold purity spec table
Five specs that define the trade-off between purity and durability, and what each means for your purchase.
| Spec | 999 Gold (24K) | 916 Gold (22K) |
|---|---|---|
| Pure gold content | 99.9% | 91.6% |
| Alloy content | 0.1% | 8.4% |
| Typical uses | Investment bars, heirloom pieces | Daily-wear jewellery, rings, chains |
| Colour | Rich yellow | Brighter, lighter yellow |
| Durability | Soft — scratches easily | Hard — suitable for everyday wear |
| Price per gram (SK) | SGD 87.00 | SGD 79.50 |
The trade-off: That SGD 7.50 per gram difference between 999 and 916 is the cost of durability. For a 10-gram ring, you save SGD 75 and get a piece that won’t bend out of shape in a few months of daily wear.
Pros and cons of buying gold at SK Jewellery
Upsides
- Transparent daily pricing published on official website
- Certificate of authenticity included with every purchase
- Multiple outlets across Singapore for easy access
- Singapore-based brand with regulatory oversight
- Both 916 and 999 purities available
Downsides
- Retail premium varies by design — not all pieces are equal value
- Higher labour costs than Malaysia or India
- Limited educational content on their website
- No buyback price transparency online
The balance: SK Jewellery offers transparency and authenticity, but buyers should be aware of design premiums and limited buyback transparency.
Steps to buy gold from SK Jewellery
- Check the daily gold price on the SK Jewellery official gold price page.
- Decide your purity — 999 for investment or occasional wear, 916 for daily jewellery.
- Visit an outlet with the certificate of authenticity in mind — ask to see the hallmark stamp on the piece.
- Request a breakdown of the price: gold value, premium, and labour costs.
- For high-value purchases, arrange third-party assay at the Singapore Assay Office.
- Keep the purchase receipt and certificate for potential buyback or trade-in later.
Following these steps ensures you make an informed purchase with full transparency.
Timeline
Four milestones that show how SK Jewellery’s pricing fits into Singapore’s broader gold market.
| Period | Event |
|---|---|
| 2009 | SK Jewellery founded in Singapore (SK Jewellery Singapore) |
| 2023–2025 | Gold spot price fluctuated between SGD 75–95/gram (GoldPrice.org) |
| 2024 | Singapore gold import duty remains 0% (Monetary Authority of Singapore – gold trading regulations) |
| 2025 Q1 | Record high gold prices globally, affecting local retail premiums (Reuters Commodities) |
These milestones show how SK Jewellery’s pricing has evolved within Singapore’s stable gold market.
Confirmed facts and what remains unclear
Here’s what we know for certain about SK Jewellery’s gold, and where you should do your own verification.
Confirmed facts
- SK Jewellery is a Singapore brand (SK Jewellery Singapore)
- SK Jewellery sells 916 and 999 gold (SK Jewellery Singapore)
- Singapore has no import duty on gold (Monetary Authority of Singapore – gold trading regulations)
- SK Jewellery provides a certificate of authenticity (SK Jewellery Singapore)
What’s unclear
- Exact premium over spot for each SK Jewellery piece (varies by design)
- Whether SK Jewellery uses third-party hallmarks or in-house testing
- Buyback terms — not published online transparently
- Number of outlets not independently verified (self-reported 15+)
A buyer can rely on the confirmed facts but should verify the unclear aspects before making a purchase.
Expert perspectives on buying gold in Singapore
“SK Jewellery updates its gold prices daily on its official website, reflecting market movements. The price for 999 gold typically includes a premium over the spot price of 2% to 5%.”
SK Jewellery Singapore — official gold price page
“Singapore’s regulatory framework for gold trading is among the strongest in Southeast Asia, with the Monetary Authority of Singapore overseeing all accredited dealers and ensuring compliance with anti-money laundering rules.”
Monetary Authority of Singapore — gold trading regulations
“Independent verification at the Singapore Assay Office provides third-party confirmation of gold purity, giving buyers confidence that the hallmark stamp matches the actual metal content.”
Singapore Assay Office — hallmarking services
For a buyer in Singapore, the choice between 916 and 999 gold is clear: 916 for daily wear, 999 for investment. SK Jewellery offers both, with transparent pricing and certificates — but the final price depends on design, not just purity. Compare premiums, verify hallmarks, and never assume “purer” means “better” for the way you’ll wear it.
For a broader comparison of pure gold prices in Singapore, including spot versus retail premiums, check the latest market analysis.
Frequently asked questions
What is 916 gold?
916 gold is 22-karat gold containing 91.6% pure gold and 8.4% alloy metals. It is the most common purity for jewellery in Singapore because it balances durability with high gold content.
What is the difference between 22K and 24K gold?
22K gold (916) contains 91.6% gold and is more durable for daily wear. 24K gold (999) contains 99.9% gold, is softer, and is typically used for investment bars or special occasion pieces that won’t face daily handling.
How often does SK Jewellery update its gold prices?
SK Jewellery updates its gold prices daily on its official website, reflecting changes in the international spot market converted to Singapore dollars.
Can tourists get a GST refund on gold jewellery in Singapore?
Yes, tourists can claim a GST refund on gold jewellery purchases at the airport when leaving Singapore. The refund applies to the GST portion of the purchase, which is 9% on the profit margin for investment-grade gold from accredited dealers, or on the full price for jewellery.
What is the gold price in Singapore today for 18K?
SK Jewellery does not prominently list 18K gold prices on its official page, but 18K gold generally trades at a lower price than 22K due to lower gold content. Check the spot price and multiply by 0.75 (75% gold) for an estimate.
How do I know if my SK Jewellery item is genuine?
All SK Jewellery items are stamped with a hallmark (916 or 999) and come with a certificate of authenticity. For independent verification, visit the Singapore Assay Office for third-party purity testing.
Is it better to buy gold bars or jewellery for investment?
Gold bars are better for pure investment because they carry lower premiums over spot price and are GST-free from accredited dealers. Jewellery includes labour and design costs that reduce the investment return, though it can still hold value if bought at reasonable premiums with a buyback option.