Gold trade international


Published gold trade international June, This is the first wholesale 25 kilobar gold contract to be offered globally. With this Contract, global suppliers of gold are able to connect more effectively with their Asian clientele. The Contract comprises a series gold trade international six daily contracts, which will give physical users access to competitively-priced kilobars. Please see Annex for factsheet with details of the Contract. Our vision is that Asia can be a driving force to continue the growth of the bullion industry, and be a global leader in areas fundamental to the demand and trade in this region.

Metalor Technologies Singapore Pte Ltd Metalor Technologies is also officially opening its world class bullion manufacturing and refining facility in Singapore tomorrow, 26 June Since its inception, the World Gold Council has worked with gold trade international market participants to drive the development of this market.

We believe this innovation will contribute substantially to the creation of a more efficient market capable of satisfying growing local demand for gold in a transparent and trusted manner - it will provide the foundation for further development of the gold market throughout South East Asia.

Starting with the exemption of GST on investment precious metals and attracting Metalor to set up its refinery in Singapore, this unique wholesale kilobar gold contract is another milestone achieved in collaboration with the industry. With a stock and flow of bars guaranteed by the major bullion banks, as well as an exchange open to the key buy-side participants, we believe this will encourage further products to be developed in South East Asia, which are based on this kilobar contract model.

SGX's market place will enable the trading and clearing of the Singapore Kilobar Gold Contract and establish a fully transparent price discovery mechanism for gold in this region. Inthe Singapore government announced its ambition for the city to become a precious metals trading hub in the region. Metalor Technologies subsequently announced its entry to Singapore gold trade international Novemberand started operations in June It will officially open on 26 June The establishment of a physical kilobar trading marketplace and an efficient trading platform are essential for Singapore to develop a more mature and efficient eco-system for the regional gold market.

The Singapore Kilobar Gold Contract will be traded on a centralised and transparent market gold trade international transactions are executed on a regulated platform by SGX.

Supported by leading upstream and downstream industry players, the Contract will bring the kilobar to exactly where the market is — Asia. Ms Nicole Chen Tel: It spearheads the overseas growth of Singapore-based companies and promotes gold trade international trade.

In addition to promoting export of goods and services, IE Singapore also attracts global commodities traders to establish their global or Asian home base in Singapore. Renowned worldwide for their dedication to quality and innovation, Singapore-based companies make ideal business partners. With its global network in over 35 locations spanning many developed and emerging markets, the agency connects businesses with relevant Singapore-based gold trade international for their business expansion by:.

Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, our purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold. The World Gold Council provides insights into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

Published 25 June, Download pdf, Singapore Kilobar Gold Contract The establishment of a physical kilobar trading marketplace and an efficient trading platform are essential for Singapore gold trade international develop gold trade international more mature and gold trade international eco-system for gold trade international regional gold market.

The first of its kind globally, the Singapore Kilobar Gold Contract is unique because: Of its size, it is the first 25 kilobar contract to be offered to the market. It is physical settlement only, largely for the gold industry.

It provides a series of six daily contracts, which will give physical gold trade international users access to competitively-priced kilobars. It is gold trade international three hours in the morning at Asia time, prior to the opening of the London market. It will be traded and cleared on SGX, who acts as a central counterparty.

The last 1 minute of the Pre-Open and Pre-Close sessions are non-cancel periods. With its global network in over 35 locations spanning many developed and emerging markets, the agency connects businesses with relevant Singapore-based companies for their business expansion by: For more information, please visit www. Sections Press Releases Events Press and media contacts. Search all press releases.

Gold assayed to a minimum of Outstanding positions that are gold trade international settled by physical delivery will be cash settled.

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