---
title: "Singapore's Retail Demand for Gold Surges Despite Price Drop"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274491888.md"
description: "Singapore's retail demand for gold remains strong despite a recent price drop. Consumers are queuing at United Overseas Bank (UOB), the only bank in Singapore offering physical gold products, indicating robust interest among retail investors. While gold prices surged last month and fell sharply last Friday, many investors are buying on the dip, anticipating that factors driving prices up, such as market unpredictability, persist. UOB reported that all products from MKS PAMP SA have sold out due to high demand, and all queue numbers for purchases have been fully distributed."
datetime: "2026-02-02T09:10:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274491888.md)
  - [en](https://longbridge.com/en/news/274491888.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274491888.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274491888.md) | [繁體中文](https://longbridge.com/zh-HK/news/274491888.md)


# Singapore's Retail Demand for Gold Surges Despite Price Drop

Despite a significant drop in gold prices on Monday, Singaporean consumers are still queuing to purchase the precious metal, indicating an unusually strong demand among retail investors. According to Jin10, at the headquarters of United Overseas Bank (UOB), the only bank in Singapore offering physical gold products to retail investors, both regular customers and walk-in buyers crowded the lounge dedicated to precious metals trading. Last month, gold prices experienced a sudden surge, but they sharply declined last Friday and continued to fall on Monday. However, many retail investors are not rushing to sell; instead, they are attempting to buy on the dip. These buyers might be betting that the main factors driving gold prices up—such as the unpredictable nature of U.S. President Donald Trump and investors' avoidance of currency and sovereign bond devaluation trades—remain in play. All products from the globally renowned precious metals brand MKS PAMP SA have sold out, leaving latecomers without any stock to purchase. UOB headquarters announced, "Due to overwhelming response, all queue numbers for today's purchases have been fully distributed."

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