In brief
The MAS launches a central‑bank gold vaulting service to provide secure storage for international and Singapore‑based bullion institutions. Singapore’s national currency vault, with a capacity of up to 500 tonnes, will hold the gold. An updated GST regime for wholesale gold markets is scheduled to take effect next year, underscoring Singapore’s ambition to become a global gold‑custody hub.
On Nov. 10, 2026 the Monetary Authority of Singapore announced the launch of a central‑bank gold vaulting service that will allow foreign central banks, multilateral organisations and sovereign entities to store gold in Singapore, Xinhua reported.
The service will also provide gold custody accounts to selected Singapore‑based bullion banks that have experience in gold‑related services, according to the MAS statement. Gold will be stored at Singapore’s national currency vault, which has a capacity of up to 500 tonnes and can be expanded to meet future demand.
Separately, MAS and the Ministry of Finance will introduce an enhanced Goods and Services Tax framework for wholesale investment precious metal gold market activities, expected to take effect in April 2027, the agency said. The framework is designed to better reflect wholesale transactions in the Singapore gold market where gold is not intended for domestic consumption, and will build on existing GST measures for investment precious metals.
