Industry players see opportunity for Singapore in gold vaulting market

Demand for gold storage in Singapore is growing, with industry players citing rising interest from countries such as India, Indonesia and Vietnam. As geopolitical tensions prompt central banks to reassess where they keep their gold reserves, Singapore is positioning itself as a trusted alternative to traditional storage hubs. Experts say the Republic’s neutrality and strong rule of law are key advantages, but clearer regulations on ownership and access to gold reserves will be needed to support future growth. Nasyrah Rohim reports.