Singapore Bullion Market Association

India Welcomes Lower Import Duties for Gold

Navigate News List India Welcomes Lower Import Duties for Gold by SBMA 4 February 2021 Domestic demand is set to rise after India’s finance minister announced a reduction in gold import duties.India, the world’s second-biggest bullion market, is lowering import duties on gold and silver as of 1 February. As part of the country’s Budget…

Webinars with SGX (June 4, 5)

Navigate News List Webinars with SGX (June 4, 5) 4 – 5 June 2020 SGX Commodities Unplugged is a virtual event by Singapore Exchange (SGX) featuring a month-long series of webinars that brings industry specialists together to offer independent and actionable insights on the current state of the global economy.The webinar series on precious metals…

The Day the EFP Broke

Navigate News List The Day the EFP Broke Singapore, 26 March 2020 Today, Comex April gold futures printed at a $50 premium to loco London, having touched $70+ last night, this compares to a more usual $1.5 premium. This dislocation between two of the largest global gold markets is unheard of.The EFP (exchange for physical)…