The initiative focuses on building infrastructure and products to support the growing demand for gold trading.
The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) have outlined key steps to develop Singapore as a regional gold trading centre. The measures are aimed at strengthening Singapore’s role as a trusted gold trading hub The plan follows discussions with industry participants and efforts by a joint Gold Market Development Working Group set up in January. The focus areas include developing gold-related capital market products to improve price dis