Singapore Bullion Market Association

Article List

Article List



The team at SBMA has been busy this quarter with preparatory work for the 5th Asia Pacific Precious Metals Conference (APPMC) in June. We hope that our members and friends will support the event and have had a good time attending the conference like in previous years. We also would also like to thank our contributors and sponsors for their continued support for the APPMC, as well as their contributions to Crucible.

Here is an update of SBMA’s activities in the past quarter:

APRIL 5, 2022

SBMA Management Committee members gave an introduction of the precious metals industry to Enterprise Singapore (Enterprise SG) Assistant CEO Lee Pak Sing, during a visit to Metalor Technologies Singapore Pte Ltd, an LBMA-accredited refinery.

Enterprise SG Assistant CEO Lee Pak Sing holding a 400 oz gold bar during his visit to the Metalor refinery.
APRIL 12, 2022

SBMA assisted Inland Revenue Authority of Singapore in understanding gold bullion market practices.

APRIL 19, 2022

SBMA CEO Albert Cheng was interviewed by The Business Times to comment on Singapore’s non-monetary gold trade.

APRIL 28, 2022

Ruth Crowell, Chief Executive, LBMA, briefed the SBMA Management Committee members on the progress of the Gold Bar Integrity Programme – an initiative by the LBMA and the World Gold Council (WGC) to develop and implement an international system of gold bar integrity, chain of custody and provenance. SBMA seeks its members’ support and collaboration with their service providers in their pilot test in Q2.


HydraX Pte Ltd and Precious Metals International (Singapore) Pte Ltd onboarded as Local Associate Corporate members. Integral Software Singapore Pte Ltd onboarded as an Affiliate member.

SBMA’s total corporate membership consists of 53 companies, including three Category 1 members, 34 Local Associate Corporate members, 14 Foreign Associate Corporate members and two Affiliate members.


16–18 October, 2022. Lisbon, Portugal

LBMA/LPPM Global Precious Metals Conference 2022

This year’s conference, that gathers more than 500 industry professionals, features two days of exclusive knowledge-sharing across the entire precious metals supply chain. It will also include three days of networking opportunities with other global industry leaders and expert analysis from top speakers on issues that matter to businesses.

Please visit for registration and event details.

Shanghai Platinum Week 2022

Due to the extended COVID lockdown, the Shanghai Platinum Week 2022 which was initially planned in the last week of June will be postponed to the second half of 2022. The organisers are very sorry for the change and will inform you when the new date is fixed. They look forward to your continuous support to the event.

Please visit the official website , if you need further information.