Singapore Bullion Market Association

Article List

Article List


By Strategic Wealth Preservation

The team at SBMA has been busy this quarter with membership enquiries and is working to onboard new members and collaborating with various stakeholders to open up different markets within the ASEAN region. We would also like to thank our contributors and sponsors for their contributions to Crucible.

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

5-7 JUNE 2022

SBMA organised its first hybrid Asia Pacific Precious Metals Conference (APPMC), which concluded successfully with 192 in-person and 241 online delegates registered for the event. See page 3-7 for a summary of proceedings.

SBMA Management Committee members gathering post-APPMC and MC meeting in June 2022.
27 JUNE 2022

CEO Albert Cheng appeared on Channel 8’s “Morning Express” news programme, where he spoke about investing in gold and the appearance of gold ATMs. Click here to watch the interview (in Mandarin).


SBMA conducted a feasibility study with Kallanish Index Services Singapore (KISS) on the Asian Gold Reference Price among our members. Initial responses and discussions among the market participants have been very positive. The initiative will be piloted in the third quarter of the year in hopes of going public early next year. SBMA seeks our members’ support and collaboration for the pilot phase.

From left, KISS director Steven Randall, SBMA business manager Margaret Wong and KISS pricing analyst Koh Guan Ho, held discussions with SBMA members during APPMC 2022 on the development of the Gold Reference Price initiative.


BPI Trading (SG) Pte Ltd was onboarded as a Local Associate Corporate member, and aXedras Group AG was onboarded as a Foreign Associate Corporate member.

SBMA’s total corporate membership consists of 55 companies, including three Category 1 members, 35 Local Associate Corporate members, 15 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.

4–6 June 2023. Singapore

Asia Pacific Precious Metals Conference 2023

The annual APPMC, organised by the SBMA and supported by Enterprise Singapore, is set on 4-6 June 2023 in Singapore. Remember to mark your dates and we hope to see you then!

November 2022. Hanoi, Vietnam

Hanoi Market Forum

The market forum, organised by Vietnam Gold Traders Association and World Gold Council and supported by the SBMA, provides the latest updates on Vietnam’s gold market developments post-COVID, other parts of Southeast Asia and around the world. If your company is interested in attending the forum in person, please contact Fabian at