Singapore is establishing a new over-the-counter (OTC) gold clearing system and offering central bank gold-vaulting services, aiming to strengthen its position as a key precious metals hub. The Monetary Authority of Singapore (MAS) announced the initiatives, designed to facilitate greater trading and investment in gold. A key change involves removing a 5 per cent cap on physical investment precious metals held under tax-incentive schemes, benefiting eligible funds and family offices. This adjustment expands investment options and potentially attracts greater capital flow into the Singaporean market. The move signals a strategic effort to capitalize on growing global demand for gold and enhance the country’s financial infrastructure. These services are expected to streamline gold transactions and provide secure storage solutions for investors. The new system will likely attract international players and further solidify Singapore’s role in the global gold trade.