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Singapore removes 5% cap on gold held by investment funds

Section: Daily Dispatches

By Benicia Tan and Jean Low
The Straits Times, Singapore
Tuesday, August 25, 2026

When gold prices hit a record high of around US$5,500 an ounce in January, certain family offices and fund managers were forced to reduce their holdings in order to continue enjoying tax incentives. 

Since Aug. 1 they have no longer faced such a constraint.

... Dispatch continues below ...


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The Monetary Authority of Singapore announced the removal of the 5% cap on holdings of physical precious metals for investment funds and family offices who come under the Section 13O and Section 13U tax-exemption schemes.

While some funds and family offices are targeting to raise their precious metals holdings above 5%, others are not yet planning a significant increase.  

However, they noted that the removal of the cap is likely to improve investment flexibility amid geopolitical uncertainty, and boost Singapore's competitiveness as a regional gold-trading hub.  ...

For the remainder of the report:

https://www.businesstimes.com.sg/companies-markets/family-offices-cheer-mas-lifting-precious-metals-cap-do-not-expect-gold-rush

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