Little India (Serangoon Road) is one of Singapore’s most vibrant and culturally rich districts — and a thriving center for gold trading, jewelry retail, and investment-grade bullion. Known for its colorful streets, traditional craftsmanship, and reputable jewelers, Little India attracts both local and international buyers seeking authentic gold jewelry and 24K gold bars at competitive rates.

The region’s deep-rooted connection to gold dates back over a century, when Indian and South Asian merchants introduced fine jewelry-making traditions that became synonymous with trust and quality. Today, Little India’s Serangoon Road is home to some of Singapore’s most respected gold shops, refineries, and licensed bullion dealers, making it a vital stop for anyone interested in buying or investing in gold.

Why Buy Gold From Little India

1. Long-Standing Heritage of Gold Trade

Gold in Little India is not just an investment; it’s a cultural legacy. For generations, local families and traders have specialized in crafting and selling gold of the highest purity, blending traditional artistry with modern precision.

2. Competitive Prices and Transparent Rates

Shops along Serangoon Road often sell gold based on daily international spot prices, ensuring buyers receive fair market value. Many retailers also display real-time gold rates, making price comparison easy and transparent.

3. Wide Range of Gold Products

From intricate 22K and 24K gold jewelry to certified investment bars, buyers can find every form of gold under one street. Little India serves retail customers, wholesale traders, and investors alike.

4. Certified Purity and Trust

Dealers in Little India are regulated under Singapore’s Precious Stones and Precious Metals Act (PSPM) and often provide authenticity certificates for each piece or bar sold.

5. Accessibility and International Reach

Located within Singapore’s city center and minutes from Farrer Park MRT Station, Little India offers convenient access for local buyers and international clients flying in for wholesale or export deals.

Types of Gold Available in Little India

1. Jewelry Gold (22K – 24K)

Little India is best known for its hand-crafted jewelry made with high-purity gold. Designs range from traditional Indian patterns to contemporary minimalist styles.

2. Investment Gold Bars (24K – 999.9 Purity)

For investors, many shops along Serangoon Road stock gold bars from renowned LBMA-certified brands, including:

• PAMP Suisse
• Argor-Heraeus
• Perth Mint
• Metalor
• Valcambi

3. Gold Coins and Collectibles

Popular among collectors and gift buyers, gold coins such as Maple Leafs, Krugerrands, and Lunar Series are readily available and verified for purity.

4. Raw or Scrap Gold for Refining

Some wholesalers and refineries in Little India handle raw or recycled gold, which can be refined locally or exported internationally under Singapore Customs oversight.

Top Gold Dealers and Jewelers Along Serangoon Road

1. Joyalukkas Singapore

A world-renowned Indian jeweler, Joyalukkas offers 22K and 24K jewelry, investment bars, and gold coins. Their Little India branch is among the most visited by both residents and tourists.

2. Malabar Gold & Diamonds

Known for its stunning craftsmanship and transparent pricing, Malabar Gold provides jewelry and gold bar investments backed by international quality standards.

3. Mustafa Centre Gold Department

Located right in Little India, Mustafa Centre sells gold bars, coins, and jewelry 24/7. Prices are highly competitive and ideal for investors buying in smaller quantities.

4. Bhima Jewellers

One of the oldest Indian jewellers in Singapore, Bhima offers custom gold designs and authentic 22K ornaments certified for purity.

5. GoldSilver Central

Situated nearby, this licensed bullion dealer offers LBMA-approved bars and export-ready gold products for investors looking beyond jewelry purchases.

Legal Framework and Regulations

Buying gold in Little India follows Singapore’s strict but investor-friendly regulations, designed to protect both local and foreign buyers.

Governed By:

• Monetary Authority of Singapore (MAS)
• Singapore Customs
• Precious Stones and Precious Metals Act (PSPM)

All dealers must perform KYC (Know Your Customer) checks and issue receipts with detailed information on purity, weight, and certification.

How to Buy Gold in Little India

Step 1: Research Dealers

Identify reputable shops or dealers with MAS or PSPM registration. Online reviews and certifications help verify credibility.

Step 2: Check the Daily Gold Price

Compare the spot rate displayed in different stores before purchasing. Prices are typically pegged to the London Bullion Market Association (LBMA) index.

Step 3: Inspect the Product

Examine each item’s purity hallmark, usually engraved on the jewelry or stamped on gold bars.

Step 4: Request Documentation

Always collect a Certificate of Authenticity and a valid purchase receipt with the dealer’s registration number.

Step 5: Payment and Collection

Gold can be purchased via cash, bank transfer, or major credit cards. Some dealers offer export packaging and insurance for overseas buyers.

Exporting Gold From Singapore

Buyers intending to export gold purchased from Little India must comply with Singapore Customs export regulations.

Required Documents:

• Commercial invoice and packing list
• Certificate of origin and purity
• Export permit or declaration form

Shipping and Logistics Partners:

• Brinks Singapore
• Malca-Amit Logistics
• Le Freeport Singapore

These providers offer insured global delivery to destinations in Africa, Asia, and Europe.

Refining and Assaying

While Little India itself is focused on retail trade, refiners and assay labs nearby offer professional purity testing and hallmarking.

Top refiners include:

• Metalor Technologies Singapore
• Argor-Heraeus Asia
• PAMP Suisse Singapore

Each refinery issues internationally recognized purity certificates for both raw and refined gold.

Secure Gold Storage Options

Investors who prefer to store their gold in Singapore can access world-class storage facilities close to Little India:

• The Safe House Singapore – Private vaulting and secure custody.
• Le Freeport Singapore – A bonded, high-security free-trade zone facility.
• Silver Bullion Pte Ltd Vault – Fully insured and audited for investor peace of mind.

Investment Opportunities in Little India

1. Physical Gold Investment

Buying jewelry or bars as tangible assets for long-term holding.

2. Gold Trading and Wholesale

Connecting with suppliers for bulk purchases, ideal for resellers or exporters.

3. Partnerships with Jewelers

Collaborate with established jewelers for custom production or branding.

4. Gold-backed Digital Assets

Some dealers now offer blockchain-based digital gold tokens, representing fractional ownership of physical gold stored in vaults.

Risks and Best Practices

Even in a regulated market like Singapore, buyers should remain vigilant:

• Verify dealer registration under PSPM.
• Ensure purity markings match documentation.
• Avoid unverified street sellers.
• Request weighing and testing in your presence.
• Keep all receipts and certificates for resale or export.

The Future of Gold Trade in Little India

As Singapore continues to modernize its gold market, Little India remains a key hub blending heritage and innovation. Dealers are adopting:

• Digital gold trading platforms
• AI-based purity scanning
• Eco-friendly refining technologies
• Blockchain traceability for ethical sourcing

This combination of tradition and technology ensures that Little India remains a global reference point for trusted gold trading.

Conclusion

Buying gold from Little India (Serangoon Road) is more than a transaction — it’s a connection to a timeless tradition of purity, craftsmanship, and trust. Whether purchasing intricate jewelry or certified 24K gold bars, buyers benefit from transparent pricing, government regulation, and global export readiness.

With its historical charm and modern compliance standards, Little India continues to be one of the best places in Asia to buy authentic, high-purity gold, both for investment and adornment.