Gold Spot Price (gold/SGD)
SGD 6,593.28
per troy ounce
Gold & Silver
1 oz
SGD 6,593.28
1 gr
SGD 211.98
1 kg
SGD 211,978.62
Prev Close
SGD 6,574.82
Open
SGD 6,593.28
Day High
SGD 6,617.94
Day Low
SGD 6,475.06
1 oz
SGD 107.30
1 gr
SGD 3.45
1 kg
SGD 3,449.92
Prev Close
SGD 106.84
Open
SGD 107.30
Day High
SGD 108.68
Day Low
SGD 104.48
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: SGD 6,593.28/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SGD 6,593.28 | +SGD 18.46 | +0.28% | |
| 1 Week | SGD 6,736.29 | -SGD 143.01 | -2.12% | |
| 1 Month | SGD 6,368.73 | +SGD 224.55 | +3.53% | |
| 3 Months | SGD 5,426.42 | +SGD 1,166.85 | +21.50% | |
| 6 Months | SGD 4,612.65 | +SGD 1,980.63 | +42.94% | |
| 1 Year | SGD 3,742.86 | +SGD 2,850.41 | +76.16% | |
| Since 2026 | SGD 5,578.04 | +SGD 1,015.24 | +18.20% | |
| Since 2025 | SGD 3,413.42 | +SGD 3,179.86 | +93.16% | |
| Since 2024 | SGD 2,651.70 | +SGD 3,941.58 | +148.64% | |
| Since 2023 | SGD 2,361.00 | +SGD 4,232.28 | +179.26% | |
| Since 2022 | SGD 2,302.17 | +SGD 4,291.11 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SGD 6,593.28 | SGD 6,574.82 | SGD 6,617.94 | SGD 6,475.06 | Today +18.46 (+0.28%) |
Silver (XAG) | SGD 107.30 | SGD 106.84 | SGD 108.68 | SGD 104.48 | Today +0.46 (+0.43%) |