How Gold Jewellery Rate is Calculated

How Is Gold Jewellery Priced in Singapore?

Gold jewellery pricing in Singapore is not just about weight and carats. At Top Gold Shop, we believe in full transparency so customers understand exactly what they’re paying for. With recent fluctuations in global gold prices—especially in light of new tariff policies—the demand for gold jewellery in Singapore has increased significantly. Let’s break down how gold jewellery is priced and why understanding this process matters more than ever.

💰 How We Calculate Gold Jewellery Prices at Top Gold Shop

At Top Gold Shop, the pricing structure is clear and honest, without hidden markups. Here's how your price is calculated:

✅ Gold Price per Gram

We use the live gold market price, updated daily, to determine the cost per gram. For example, if the gold price is S$159/gram, and the item weighs 1.40g, the base gold cost will be:

S$159 x 1.40 = S$222.60

✅ Gold Weight

This is the exact gram weight of the jewellery piece. Our scales are calibrated to ensure accuracy.

✅ Workmanship Fee

Depending on the complexity and craftsmanship required to design a piece, a workmanship fee is added. This fee is not fixed, as intricate patterns or handcrafted detailing can require more time and effort. For instance, in the example provided, workmanship is S$18.

❌ No Platform Fee

Some platforms or retailers include platform or hidden fees. At Top Gold Shop, we do not charge platform fees, and our platform fee is shown as 0.00%.

🧾 Total Price Example

If the gold price is S$159 and the weight is 1.40g, with S$18 workmanship:

(S$159 x 1.40) + S$18 = S$241

That’s it. No hidden charges, just honest pricing.

📈 Why Gold Prices Are Fluctuating Lately

The global market is being shaken by political and economic moves. One recent driver is President Donald Trump's decision to pause tariffs on all countries except China. Since China is one of the biggest consumers of gold, this has major effects:

• Other countries are seeing tariff relief, stabilizing their economies.

• But China's 125% tariffs fuel uncertainty and demand for gold as a safe-haven asset.

• People worldwide—including in Singapore—are buying gold jewellery in a rush, fearing further price hikes.

As demand rises, gold prices naturally climb. And that’s why many shoppers are rushing to lock in current rates before potential spikes.

📌 Related Blog Post: Trump’s Tariff Pause—Why Gold Buyers in Singapore Are Worried

🔍 What This Means for Singaporean Shoppers

Gold jewellery in Singapore is often seen as an investment, and for good reason. With rising global tension and ongoing economic shifts, people are turning to gold not only for its beauty but also its stability.

If you’re considering a purchase, now is a smart time to do it. Top Gold Shop offers:

• Daily live pricing

• Transparent breakdowns (like the one above)

• Flexible workmanship pricing only when needed

• No hidden fees

📚 Also Read: Why is the Price of Gold Increasing? Insights for Buyers in Singapore

💎 Summary: Why Shop at Top Gold Shop?

• Transparent Pricing based on gold weight & live market rate

• No Platform Fee or hidden costs

• Fluctuating Workmanship Fee based on actual complexity

• Trusted by Thousands across Singapore

When you buy from Top Gold Shop, you’re not just getting the cheapest gold jewellery in Singapore, you’re buying from a brand that believes in honesty, quality, and value.

📍 Visit Top Gold Shop or drop by our showroom today to see how much more value we offer.