If you've been following the headlines, you'll know gold has been making history. In 2025, gold prices smashed all previous records-fuelled by global uncertainties, inflation worries, and a rush for safe-haven assets. Singaporeans rode this wave, with local investment demand for gold bars and coins surging by nearly 50 per cent, hitting an all-time high despite those soaring prices.

But gold's story doesn't end there. After its meteoric rise, gold has seen a sharp pullback recently-falling over 3 per cent in the latest bout of market volatility, as a stronger US dollar and expectations of steady interest rates took hold. Yet, if you stroll through Singapore's gold retailers today, the crowds haven't thinned.