Monetary Authority of Singapore opens a gold vaulting service for foreign central banks

10 November 2026

Singapore has opened its national currency vault to gold owned by other states. The Monetary Authority of Singapore, the city state's central bank, announced the central bank gold vaulting service along with the Ministry of Finance. Foreign central banks, international financial institutions and sovereign entities may now keep part of their gold reserves in Singapore. The vault can hold up to 500 tonnes of gold and has room to grow. Selected bullion banks based in Singapore will also get gold custody accounts so that they can serve those institutions. Alongside it, the Goods and Services Tax waiver is being widened to cover wholesale services on investment precious metal, such as vaulting, refining, assaying and broking, from April 2027. A gold clearing system is being readied, with live trading expected in the first quarter of 2027.