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Singapore's OCBC Bank to offer physical gold trading and storage
By Timothy Goh
The Straits Times, Singapore
Monday, June 8, 2026
SINGAPORE -- Wealthy investors will soon be able to buy and store physical gold bars with OCBC Bank, as demand for holding bullion in Singapore grows amid persistent geopolitical tensions and economic uncertainty.
The service will be available from June 10 to OCBC's institutional clients, as well as high-net-worth and ultra-high-net-worth clients of its private banking arm, Bank of Singapore.
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The move marks the bank's entry into the physical gold business, expanding beyond its existing paper gold offerings.
Clients will be able to purchase 1kg bars or larger 400-troy-ounce bars weighing about 12.4kg. The bars will be individually allocated and identified by serial numbers, giving investors direct ownership of specific bars rather than a claim on a pooled reserve. ...
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