Platinum market chart
Historical benchmark in SGD per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in SGD per Tael (Hong Kong)
Live platinum price history in Singapore Dollar (SGD) per tael (hong kong). Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 37.4290 grams
= 1.203370 troy ounces
Price per tael: —
Platinum price by currency
Fine platinum per tael (hong kong) · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (SGD) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Tael (Hong Kong)? Platinum weight, conversions and local use
Definition. The Hong Kong tael (37.429 g, 1.20337 troy ounces) is the contract unit of the Chinese Gold & Silver Exchange Society. Locally it is written 司馬両. One tael (hong kong) equals 37.429 grams, or 1.20337 troy ounces, which at today's platinum spot price works out to — SGD.
Where it is used. Hong Kong dealers quote loco-HK gold in taels, and 5-tael cast bars are the classic regional investment format. The unit is the trading standard in Hong Kong.
Pricing conventions. The local tael quote can trade at a small premium or discount to the London ounce price, and that spread is watched as an indicator of mainland Chinese demand. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
Good to know. Hong Kong jewellery is also sold in 'chi' and 'fan' — one tenth and one hundredth of a tael respectively.
Platinum price per Tael (Hong Kong) in SGD — quick conversion table
| Quantity | Grams | Troy ounces | Value (SGD) |
|---|---|---|---|
| 1 tael (hong kong) | 37.429 g | 1.2034 oz t | — |
| 5 tael (hong kong)s | 187.145 g | 6.0169 oz t | — |
| 10 tael (hong kong)s | 374.29 g | 12.0337 oz t | — |
| 100 tael (hong kong)s | 3,742.9 g | 120.3370 oz t | — |
Values are calculated from the live XPT spot price converted into Singapore Dollar and refresh with the price above.
Buying Platinum in Singapore: local market, taxes and premiums
At the live price shown above per tael (hong kong), the price you see here is the international XPT spot price converted into Singapore Dollar. Physical buyers in Singapore pay that reference plus a premium, and local trading is concentrated around Singapore, a bonded storage hub for Asian investors. Buyers there generally watch the LBMA price converted to SGD intraday as the day's reference.
Taxes and duties. Silver, platinum and palladium qualify for the same IPM exemption when they meet the purity standard; jewellery does not. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum in SGD can sit noticeably above the spot value of the same tael (hong kong) of metal.
How people usually buy. The common routes in Singapore are BullionStar and Silver Bullion, The Safe House and Le Freeport vaults, bank bullion desks and online dealers. The products most often quoted locally include 1 oz coins, 1 kg bars, vault-stored allocated metal, Singapore Merlion coins.
Local conventions. Singapore's IPM scheme and free-trade-zone vaults make it a common jurisdiction for offshore storage of Asian bullion holdings. Before you buy, compare the dealer's asking price per tael (hong kong) with the live platinum price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline SGD quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Singapore can change.
Other Precious Metals in SGD
Compare prices across different precious metals
About Platinum Price in SGD
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Tael (Hong Kong) in Singapore Dollar
The current platinum price per tael (hong kong) in Singapore Dollar (SGD) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum in Singapore, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in tael (hong kong)s, which may be more practical for local transactions.
The Hong Kong tael is the most widely traded tael for gold and silver, equal to 37.429 grams (1.20337 troy ounces). It is the standard tael used by the Chinese Gold & Silver Exchange Society. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current SGD Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Singapore investors tracking platinum in SGD.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in SGD – FAQ
How much does one ounce of platinum cost in SGD today?
One troy ounce of platinum currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XPT/SGD rate.
What is the current platinum rate in Singapore today?
The current platinum rate in Singapore is the live spot price shown on this page per tael (hong kong). Prices refresh every 5 minutes and follow the international Platinum spot price converted to Singapore Dollar.
How much is 1 tael (hong kong) of platinum in SGD?
1 tael (hong kong) of platinum equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the SGD exchange rate (1 tael (hong kong) = 37.429 grams).
How is the platinum price per tael (hong kong) calculated?
The platinum price per tael (hong kong) is calculated by converting the international spot price (quoted per troy ounce in USD) to SGD using the current exchange rate, then converting to the tael (hong kong) weight unit (1 tael (hong kong) = 37.429 grams).
Do I pay tax or VAT when buying platinum in Singapore?
Silver, platinum and palladium qualify for the same IPM exemption when they meet the purity standard; jewellery does not. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per tael (hong kong) more than small differences in the SGD spot quote.
Where do people usually buy platinum in Singapore?
The usual routes are BullionStar and Silver Bullion, The Safe House and Le Freeport vaults, bank bullion desks, online dealers. Local trading is centred on Singapore, a bonded storage hub for Asian investors, and the products most often quoted are 1 oz coins, 1 kg bars, vault-stored allocated metal, Singapore Merlion coins.
Why is the shop price of platinum higher than the spot price in SGD?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per tael (hong kong) with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Singapore platinum market follow?
Local buyers generally follow the LBMA price converted to SGD intraday, converted into Singapore Dollar (SGD). Singapore's IPM scheme and free-trade-zone vaults make it a common jurisdiction for offshore storage of Asian bullion holdings.