We are proud to announce that OCBC Precious Metals Account has been recognised by The Digital Banker as the Best New Wealth Management Product in 2022. Thank you for your continued support!
We will continue to innovate and enhance our solutions to fulfill your wealth needs.
Diversify your portfolio from as little as 0.01 ounces (or 0.31 grams) of gold or silver, for less than S$65.
*As of 15 October 2025.
Issued paper bullion holds the same value as physical gold and silver. No custody or storage fees will be incurred.
Buy and sell precious metals easily via the OCBC app, 24/7.
Buy and sell precious metals easily via the OCBC app, 24/7.
Invest in precious metals using SGD or foreign currencies available in your Global Savings Account.
Invest in precious metals using SGD or foreign currencies available in your Global Savings Account.
Log in to the OCBC app to open an account. No branch visit needed!
Log in to the OCBC app to open an account. No branch visit needed!
Minimum age
18 years old
Account required
You must first have an OCBC deposit account and access to the OCBC app.
Apply now if you do not have the above account.
You must have a Precious Metals Account in order to invest in gold and silver.
We will guide you in opening one.
A Precious Metals Account enables you to diversify your portfolio by investing in gold and silver. You can buy these precious metals conveniently on the OCBC app without holding them physically. No sales charge or custody fee required.
There are multiple benefits of having a Precious Metals Account such as hedging against inflation, precious metals possessing intrinsic value, no credit risk, good liquidity, adding diversity to your investment portfolio, and ease of purchase.
At OCBC, applying for a Precious Metals Account is an easy process via the OCBC app.
At OCBC, applying for a Precious Metals Account is an easy process via the OCBC app.
The OCBC app will determine if you have an eligible reference account held in your name (single or joint), opened after 1 March 2007.
Please refer to the following list of eligible reference accounts:
If you are not able to open a Precious Metals Account, and only have a joint account, this may be because the mailing address of the joint account differs from you.
Please contact us if you face any issues with the account opening.
There are no fees or charges on top of your purchase or selling price. The indicative price displayed on the OCBC app has included a spread. When you buy or sell precious metals, the price will be slightly higher or lower than what the bank pays or receives. This difference, called the spread, is built into the price.
There are no additional service fees or custody fees charged.
Your invested amount is simply the total cost of all your buy trades. When you sell part of your holdings, your remaining ounces decrease, but your average price stays the same. If you later make new purchases, the average price is recalculated based on all the buys you’ve made so far. Your invested amount is then updated by multiplying this new average price by your current holdings.
Example: Calculating the invested amount with multiple purchases:
You purchased a total of 25 ounces of XAU for $131,800 at different cost prices:
Your average purchase price works out to $5,272 per ounce ($131,800 ÷ 25 oz).
Your invested amount for the 25 ounces is $131,800 (25 oz × $5,272).
Example: How invested amount changes after a partial sale and a new purchase
You initially bought 100 ounces of XAG at an average price of $45.88 per ounce, giving an invested amount of $4,588.
After selling 55 ounces, you are left with 45 ounces.
Your invested amount for the remaining holdings becomes $2,064.60 (45 oz × $45.88) and the average price stays the same after the partial sale ($45.88).
Later, you purchase an additional 100 ounces at $50 per ounce.
At this point, your average price is recalculated using all purchases made to date (including quantities that were previously sold). This gives you a new average price of $47.94 per ounce (total purchase cost $9,588 ÷ 200 oz).
Your updated invested amount for 145 ounces (45 existing + 100 new) is therefore $6,951.30 (145 oz × $47.94).
The indicative unrealised profit and loss will be calculated based on the indicative total market value less the invested amount.
You will not be holding physical gold or physical silver. You are buying into paper gold (XAU) or paper silver (XAG)
There are no statements. After each successful buy or sell transaction, you will receive an email notification sent to your registered email address during precious metals account opening.
You can view them via
You can view the transactions via the OCBC app (Plan > Invest > Precious Metals > Your account summary > See your holdings)
Investments are subject to investment risks, including the possible loss of the principal amount invested. This is for general information and does not take into account your particular investment and protection aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the investment. Protected up to specified limits by SDIC. GREAT Term Guard and Explorer Travel Insurance are underwritten by The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited respectively.
