Demand for gold rising in S'pore, say dealers
By GCRU Gold News on Tuesday, June 10 2014, 09:37 - Permalink
Bullion dealers said that demand for precious metals like investment-grade gold and silver is rising in Singapore -- this is due to the recent weakness in prices as well as tax-exemption in Singapore.
Precious metals investors overseas are also looking more to Singapore as a haven to store their hoard.
According to retailer BullionStar, demand has roughly doubled in the first half of this year compared to the same period in 2013.