OCBC Precious Metals Account | Invest In Gold & Silver With Ease

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• Precious Metals Account

Precious Metals Account

Invest in gold and silver anytime with no custody fees

• Why you will love this
• Who can invest

Why you will love this

No holding of physical assets required

No custody fees

Easy and convenient instant account opening

Who can invest

Anyone above 18 years old with an OCBC deposit account and access to the OCBC app

Invest now

Receive S$38 cash for every S$10k equivalent you invest in gold or silverFind out more

Buy gold and silver conveniently with our Award-Winning Precious Metals Account.

COMMITTED TO EXCELLENCE Best New Wealth Management Product 2022

We are proud to announce that OCBC Precious Metals Account has been recognised by The Digital Banker as the Best New Wealth Management Product in 2022. Thank you for your continued support!

We will continue to innovate and enhance our solutions to fulfill your wealth needs.

Features and benefits

Start small

Diversify your portfolio from as little as 0.01 ounces (or 0.31 grams) of gold or silver.

Worry not about storage

Issued paper bullion holds the same value as physical gold and silver. No custody or storage fees will be incurred.

Invest on the go

Buy and sell precious metals easily via the OCBC app, 24/7.

Buy and sell precious metals easily via the OCBC app, 24/7.

Buy and sell in SGD or foreign currencies

Invest in precious metals using SGD or foreign currencies available in your Global Savings Account.

Invest in precious metals using SGD or foreign currencies available in your Global Savings Account.

Open account instantly

Log in to the OCBC app to open an account. No branch visit needed!

Log in to the OCBC app to open an account. No branch visit needed!

Diversify your portfolio with Gold and Silver Precious metals like gold and silver play a stabilising role in a portfolio and should sit alongside a well-balanced investment mix, in line with one’s risk tolerance and preferences. Why Gold?

• Hedge against uncertainty Gold is a trusted asset when market volatility is high.
• Good hedge against inflationGold prices have historically risen in tandem with inflation.
• Gold returns tend to climb during periods of low yieldYields will eventually rise when the US Federal Reserve decides to raise interest rates. Investors can cushion the potential downside impact by buying USD.

Why Silver?

• Capital appreciation potential Silver has important industrial applications and its price will rise with the demand for solar energy and electric vehicles.
• Cheaper alternative to gold Silver is more accessible to beginners who have lesser capital. Like gold, it can be used to hedge against uncertainty and a beneficiary of low yield environment.

How it works

Use the OCBC app to open a Precious Metals Account and start investing in gold and silver.

1

Tap on More > Investments > Precious Metals.

2

View information on both 'Gold' and 'Silver'.

3

Open a Precious Metals Account instantly if you do not have one.

4

Enter your purchase details. Choose between ‘Amount to invest’ and ‘Quantity’.

5

Complete your transaction. You may now track your investments!

LIMITED-TIME PROMOTION

Limited-time Gold & Silver promotion

Receive S$38 cash for every S$10k equivalent you invest in gold or silver.

No promo code needed. Invest directly via the OCBC app. Promotion ends 31 March 2026.

Investments are subject to risks, including possible loss of principal. Foreign currency investments and deposits are subject to inherent exchange rate fluctuation, which may affect their value.

Terms and conditions apply.

Articles

2025 Market Wrap and Outlook for 2026

Read more

Navigating Uncertainty: the 2025 Edition

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Unlocking the Silver Lining: Gold is not the only precious metal you might want to invest in

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Your investment journey – why and how you should invest

Read more

Market outlook 2025: Positioning for change

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10 burning questions about gold

Read more

Three questions to navigate the current Middle East crisis

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Purchase of paper gold, silver on OCBC app exceeds $1m in first week

Read more Before you invest

Eligibility

Minimum age

18 years old

Account required

You must first have an OCBC deposit account and access to the OCBC app. Apply now if you do not have the above account.

You must have a Precious Metals Account in order to invest in gold and silver. We will guide you in opening one.

Terms and conditions

Terms and conditions governing Precious Metals Account

Terms and Conditions Governing the OCBC Prosperity Precious Metals Campaign

Important notices

General disclaimer

Let’s get started

Hedge your investments with precious metals.

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Frequently Asked Questions Expand allCollapse all

• What is a Precious Metals Account?

  A Precious Metals Account enables you to diversify your portfolio by investing in gold and silver. You can buy these precious metals conveniently on the OCBC app without holding them physically. No sales charge or custody fee required.

• Why should I invest in Precious Metals?

  There are multiple benefits of having a Precious Metals Account such as hedging against inflation, precious metals possessing intrinsic value, no credit risk, good liquidity, adding diversity to your investment portfolio, and ease of purchase.

  At OCBC, applying for a Precious Metals Account is an easy process via the OCBC app.

• How do you open a Precious Metals Account?

  At OCBC, applying for a Precious Metals Account is an easy process via the OCBC app.

• What are the eligible reference accounts to open the Precious Metals Account?

  The OCBC app will determine if you have an eligible reference account held in your name (single or joint), opened after 1 March 2007.

  Please refer to the following list of eligible reference accounts:

  • 360 Account
  • Frank Account
  • Bonus+ Savings Account
  • Monthly Savings Account
  • Global Savings Account
  • Passbook Savings Account
  • Statement Savings Account
  • Current Account

  If you are not able to open a Precious Metals Account, and only have a joint account, this may be because the mailing address of the joint account differs from you.

  Please contact us if you face any issues with the account opening.

• Are there any service fees or custody fees charged?

  There are no fees on top of your purchase or selling price. The indicative price displayed on the OCBC app has included a spread. When you buy or sell precious metals, the price will be slightly higher or lower than what the bank pays or receives. This difference, called the spread, is built into the price.

  There are no additional service fees or custody fees charged.

• How is the invested amount calculated?

  Your invested amount is simply the total cost of all your buy trades. When you sell part of your holdings, your remaining ounces decrease, but your average price stays the same. If you later make new purchases, the average price is recalculated based on all the buys you’ve made so far. Your invested amount is then updated by multiplying this new average price by your current holdings.

  Example: Calculating the invested amount with multiple purchases:

  You purchased a total of 25 ounces of XAU for $131,800 at different cost prices:

  1. 5 ounces at $5,200
  2. 3 ounces at $5,000
  3. 10 ounces at $5,300
  4. 7 ounces at $5,400

  Your average purchase price works out to $5,272 per ounce ($131,800 ÷ 25 oz).Your invested amount for the 25 ounces is $131,800 (25 oz × $5,272).Example: How invested amount changes after a partial sale and a new purchaseYou initially bought 100 ounces of XAG at an average price of $45.88 per ounce, giving an invested amount of $4,588.After selling 55 ounces, you are left with 45 ounces.Your invested amount for the remaining holdings becomes $2,064.60 (45 oz × $45.88) and the average price stays the same after the partial sale ($45.88).Later, you purchase an additional 100 ounces at $50 per ounce.At this point, your average price is recalculated using all purchases made to date (including quantities that were previously sold). This gives you a new average price of $47.94 per ounce (total purchase cost $9,588 ÷ 200 oz).Your updated invested amount for 145 ounces (45 existing + 100 new) is therefore $6,951.30 (145 oz × $47.94).

• How do we determine the indicative unrealised Profit and Loss?

  The indicative unrealised profit and loss will be calculated based on the indicative total market value less the invested amount.

• Will I be holding onto physical gold or silver when I buy via Online Precious Metals Account?

  You will not be holding physical gold or physical silver. You are buying into paper gold (XAU) or paper silver (XAG)

• Is there a statement for Precious Metals Account opened online?

  There are no statements. After each successful buy or sell transaction, you will receive an email notification sent to your registered email address during precious metals account opening.

• Where do I view the holdings of my Online Precious Metals holdings?

  You can view them via

  • OCBC app (Plan > Invest > Precious Metals >Your account summary > See your holdings)
  • Internet banking (View accounts > Overview > Investments > Precious Metals Account > View details)

• Where do I view my Precious Metals transactions?

  You can view the transactions via the OCBC app (Plan > Invest > Precious Metals > Your account summary > See your holdings)

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General disclaimer

1. Any opinions or views of third parties expressed in this document are those of the third parties identified, and do not represent views of Oversea-Chinese Banking Corporation Limited (“OCBC Bank”, “us”, “we” or “our”).
2. This information is intended for general circulation and / or discussion purposes only. It does not consider the specific investment objectives, financial situation or needs of any particular person.
3. Before you make an investment, please seek advice from your Relationship Manager regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs.
4. If you choose not to do so, you should consider if the investment product is suitable for you, and conduct your own assessments and due diligence on the investment product.
5. We are not making an offer, solicit to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document. Nothing in this document shall be deemed as an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into any transaction or to participate in any particular trading or investment strategy.
6. No representation or warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice.
7. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
8. Investments are subject to investment risks, including the possible loss of the principal amount invested. The information provided herein may contain projections or other forward-looking statements regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures, predictions or projections are not necessarily indicative of future or likely performance.
9. Any reference to a company, financial product or asset class is used for illustrative purposes and does not represent our recommendation in any way.
10. The information in and contents of this document may not be reproduced or disseminated in whole or in part without the Bank’s written consent.
11. OCBC Bank, its related companies, and their respective directors and/or employees (collectively “Related Persons”) may, or might have in the future, interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. OCBC Bank and its Related Persons may also be related to, and receive fees from, providers of such investment products.
12. You must read the Offer Document/Indicative Term Sheet/Product Highlight Sheet before deciding whether or not to purchase the investment product, copies of which may be obtained from your relationship manager.
13. Any hyperlink to any third party article, or other website or webpage (including any websites or webpages owned, operated and maintained by third parties) is for informational purposes only and for your convenience only and is not an endorsement or verification of any such article, website or webpage by OCBC Bank and should only be accessed at your own risk. OCBC Bank does not review the contents of any such articles, website or webpage, and shall not be liable to any person for the same.
14. There are links or hyperlinks which link you to websites of other third parties (the “Third Parties”). OCBC Bank hereby disclaims liability for any information, materials, products or services posted or offered on the website of the Third Parties.

Investments are subject to investment risks, including the possible loss of the principal amount invested. This is for general information and does not take into account your particular investment and protection aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the investment. Protected up to specified limits by SDIC. GREAT Term Guard and Explorer Travel Insurance are underwritten by The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited respectively.

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