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GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 3307.59
|
SILVER 1 OZ:      SGD 33.56
|
PLATINUM 1 OZ:      SGD 1103.34
|
Updated: 24/05/2025 10:00 AM

GoldSilver Central Pte LtdGoldSilver Central Pte Ltd

GoldSilver Central Pte Ltd

We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.

+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
Email: [email protected]

GoldSilver Central Pte. Ltd.
3 Pickering Street #01-15/16 Nankin Row Singapore 048660

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+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
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  • GSC’s Commitment to Regulatory Standards
 
GoldSilver Central Team
Friday, 04 June 2021 / Published in Blog, General

GSC’s Commitment to Regulatory Standards

 

A recently reported fraud news in Singapore involving physical Gold bars unfortunately showcased the often used asset of choice by fraudsters, fake con artists and money launderers. This plagues the industry from time to time and gives a bad name to precious metals investing for serious investors and trusted dealers.

 

The Financial Action Task Force (FATF), is an inter-governmental body that sets international standards aimed to prevent money laundering and terrorism financing (ML/TF). Similar to other important financial centers globally, Singapore is a member of FATF and has taken action to tighten regulations and reduce the harm caused by these illegal activities to society.

 

For the precious metals sector, Singapore had passed the Precious Stones and Precious Metals Act (PSPM Act) in April 2019 that introduced an anti-money laundering and countering of terrorism financing regime to strengthen Singapore’s overall efforts to counter money laundering and terrorism financing.

 

GoldSilver Central Pte Ltd (GSC), as a regulated and trusted dealer in Singapore registered under the PSPM Act, complies with and performs the required customer due diligence (CDD) and enhanced customer due diligence (ECDD) processes.

 

Regulated dealers under the PSPM Act are prohibited from performing any transaction if the required CDD process is not completed or fulfilled. And for cash transactions, regulated dealers are further required for compliance reporting for amounts above $20,000 to the related regulatory bodies.

 

All regulated dealers have also been advised to display prominently the Ministry of Law’s Notice for Customers (as shown below).

The World Gold Council (WGC) is the market development organisation for the Gold industry. The WGC recently produced the Retail Gold Investment Principles (RGIP) which provides high level, best practice guidance for providers of retail Gold products. GoldSilver Central, which is also a corporate member of the Singapore Bullion Market Association (SBMA), supports and adheres to the guidelines found in WGC’s RGIP.

You may learn more about the RGIPs here.

As a regulated and responsible dealer in our industry, we want to always support and help build trust in our precious metals community for a safe and responsible trading environment for our clients and business partners.

GSC Compliance Team

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    GoldSilver Central Pte Ltd (UEN: 201107187N), a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport. 

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    • HOME
    • SHOP
      ▼
      • GOLD
        ▼
        • Gold Bar
        • Gold Coin
      • SILVER
        ▼
        • Silver Bar
        • Silver Coin
      • PLATINUM
        ▼
        • Platinum Bars
        • Platinum Coins
      • NUMISMATICS
        ▼
        • Pre-1933 US Gold Coins
        • Morgan Silver Dollars
        • Peace Silver Dollars
      • PROOF COINS AND BARS
        ▼
        • Silver Proof Coins & Bars
        • Austrian Mint Collector Coins
      • GSC EMOTIONALS
        ▼
        • Austrian Mint Kissed Awake Jewellery Collection
        • Degussa Emotional Products Collection
      • Pre-Orders
      • PRELOVED GOLD JEWELLERY
      • MEMBERSHIP
      • INSTITUTION/CORPORATE CLIENT SERVICES
    • SPECIALS
      ▼
      • Events Schedule
    • SERVICES
      ▼
      • Only Government Guaranteed Precious Metals Accumulation Program in the World
        ▼
        • Perth Mint Certificate Program
        • Perth Mint Depository Online
        • FAQ
      • The Cash You Need while Retaining your Metals Ownership
        ▼
        • Collateral Loan Program
      • GSC Allocated Storage Program
        ▼
        • GSC Bullion Storage Program
        • Storage Charges
        • Pick and Store Package for Bullion Transfer & Storage
        • FAQ
      • NUMISMATICS
    • SELL GOLD JEWELLERY
      ▼
      • Sell Gold Jewellery for Best Prices
      • Selling Gold Jewellery to us: FAQ
      • Buy Pre-Loved Gold Jewellery
    • GSAP
      ▼
      • GSC Savings Accumulation Program
      • GSAP FAQ
    • GSC Live!
      ▼
      • About GSC Live!
      • GSC Live! User Guide (Desktop)
      • GSC Live! User Guide (Mobile)
      • GSC Live! FAQ
    • ABOUT
      ▼
      • The Company
        ▼
        • About us
        • Vision and Values
        • Our Showroom
        • Our Team
        • Career
      • PRESS CENTRE
        ▼
        • Press Kit
        • Press Releases
        • Press Mentions
      • CUSTOMER SERVICE
        ▼
        • 10th Anniversary E-book
        • Frequently Asked Questions (FAQ)
        • Agreement & Policies
        • Resources
        • Video Resources
        • Payment Methods
      • INSIGHTS
        ▼
        • GSC Morning Call
        • Blog
    • GSC 10AM REF PRICES
    • CONTACT
      ▼
      • Contact Us
      • Getting Here
    • ACCOUNT
      ▼
      • My Account
      • My Cart
      • Payment Methods
      • My Price Notifications

    EASYSENDY.com