Assessment and Pricing
How Metals, Jewellery and Watch Quotes Are Confirmed
Singapore Gold Market buys gold, silver, platinum, palladium, and jewellery. Ordinary jewellery is assessed for metal content; high-end branded jewellery is assessed as a whole piece. Both routes need manual and physical confirmation. Watches require a separate assessment route; published gold references do not automatically price jewellery or watches.
Quote confirmation flow
Photo screening → appointment → registration and checks → written net offer → verification and acceptance → company payment and handover
The basic purchase assessment is free, with no obligation to sell. Additional paid work and checks that change the item require written agreement first.
International gold price
Published gold references cover gold. They do not quote silver, platinum, palladium, whole jewellery pieces or watches.
SGD/USD FX
Quotes can be affected by FX and update timing.
Weight
Gross piece weight differs from net metal weight. Stones, fittings, and non-precious parts require separate confirmation.
Purity
Gold fineness marks such as 750, 916, 999, and 999.9 indicate purity. A hallmark is a starting point for physical assessment.
Item condition
Whole jewellery pieces require manual review of brand, model, condition, and optional box, receipt, or certificates. Bullion prices do not apply.
Gold fineness, net weight and fine-metal content
| Fineness mark | Stated gold share |
|---|---|
| 750 | 75.0% |
| 916 | 91.6% |
| 999 | 99.9% |
| 999.9 | 99.99% |
A marking describes a stated fineness; the material, authenticity and current weight still need review. Leave uncertain purity for manual and physical confirmation.
Fineness reference: World Gold Council — gold carat and finenessGuide reviewed: . Check the price page separately for the source quote time.
Separate stated, measured and confirmed details
Put the source beside each number: for example, “750 mark inside”, “own scale reading 10.0 g gross” or “weight on an old invoice”. These are different kinds of evidence; together they do not establish confirmed net metal weight and fineness.
Physical review establishes the applicable weight and components before the valuation basis is explained. Keep stones and components intact. When information is incomplete, leave the gaps visible and use the worked examples below to understand which confirmed inputs are needed.
Same net weight, different fineness: a worked comparison
These are arithmetic illustrations, not customer transactions or SGD offers. Each independent example assumes a confirmed net gold-alloy weight of 10.0 g and confirmed fineness.
| Confirmed fineness | Calculation | Fine-gold content |
|---|---|---|
| 750 · 75.0% | 10.0 g × 0.750 | 7.5 g |
| 916 · 91.6% | 10.0 g × 0.916 | 9.16 g |
| 999 · 99.9% | 10.0 g × 0.999 | 9.99 g |
If the only measurement is a stone-set ring's 10.0 g gross weight, the table has no usable net-weight input: net metal weight and fineness remain unconfirmed. If a quote already gives a per-gram alloy rate for the stated fineness, multiplying by purity again would count the adjustment twice.
Teaching quotation · all figures are hypothetical
From gross weight to the net amount payable
This is not a current gold price, actual item, customer transaction or payment record. Assume an 18K stone-set item weighs 20.00 g gross and that 1.20 g of non-gold components has been reliably established using an agreed method.
- Payable net alloy weight: 20.00 − 1.20 = 18.80 g
- Illustrative fine-gold basis S$100.00/g × 75.0% fineness × hypothetical 95.0% factor = S$71.25/g for the 18K alloy
- 18.80 g × S$71.25/g = S$1,339.50 illustrative net amount
Other agreed value and agreed charges are both set to S$0.00 here. The 95.0% factor is a teaching assumption, not an actual buying ratio. S$71.25 already includes the purity adjustment, so do not multiply by 75.0% again. The 18.80 g already excludes 1.20 g; do not deduct it again. An actual offer separately records any applicable stone, brand or collectible value and marks uncertain weights as estimates or unconfirmed.
Compare written quotes on matching terms
| Check | Details to identify | Question to ask |
|---|---|---|
| Item and assessment route | The specific item and whether the basis is metal content or the whole piece. | Do both quotes cover the same pieces, stones and accessories? |
| Weight and rate basis | Gross weight, exclusions, net metal weight, fineness and the rate's unit. | Is this per item, per gram of alloy or per gram of fine gold? Has the rate already allowed for purity? |
| Amount and fees | Currency, charges agreed in writing and the net amount payable to you. | Have non-gold weight or purity been deducted twice? Is any other agreed value shown separately? |
| Validity and handover | Expiry, outstanding conditions, payment and handover arrangements. | Are the offers available on comparable timing and terms? What still needs confirmation? |
For two bars of the same listed size, the quantity is 2 pieces. If that product's per-item reference is P, the indicative total is 2 × P. P stands for the selected product's reference at that time; it is neither a per-gram rate nor an offer supplied by this example.
Check per-item units, per-gram units and quote times
The listed bullion references use SGD per item of the stated size; estimator quantity counts pieces. “We buy” means the customer sells, while “We sell” means the customer buys. Jewellery, other metals and whole watches require their own assessment instead of this product-quantity estimate.
The source quote time and the site's retrieval time describe different events: publication of the reference and acquisition of the data. A recent fetch can retain an older source quotation. A displayed reference does not reserve an offer; agree the final price and its validity before proceeding.
Check the source time and SGD price referencesFees, offer periods and payment
- Free basic assessment; paid work by prior agreement
- Photo screening and our basic purchase assessment are free, with no obligation to sell. Additional paid work requires your prior written agreement. A basic assessment does not automatically include an independent laboratory report.
- Checks needed for our own purchase decision are normally at the company's cost. A customer-requested third-party report or other paid work is quoted in writing, with its scope and expected timing, before you agree. There is no separate arrangement fee at this stage. If you do not sell, your item is returned; only authorised paid work actually incurred is handled under the prior agreement.
- Photo references and final offers have different periods
- A photo-based reference range is for reference for 48 hours after issue, subject to the physical item and necessary checks. Final gold offers based on metal content normally remain valid for 30 minutes; whole-piece jewellery and watch offers for 24 hours. Silver, platinum and palladium offer periods are agreed in writing. Each quotation identifies the assessment route, valuation basis, agreed charges, net amount payable and exact expiry in Singapore time. The stated written expiry governs, and item condition, accessories and material facts must remain unchanged. A quote does not reserve stock unless a separate holding arrangement is confirmed.
- Once an offer is accepted within its stated validity on the agreed terms, later market movement alone is not a reason to change the price. A newly discovered material fact or an entry error is explained and documented, then handled under the agreement and applicable requirements.
- Company payment, cleared funds and handover records
- After acceptance, required verification and signing, company payment is made to the verified seller's own account under the written terms. Our target is the same day, normally within one working day; this is a service target, not a guaranteed receipt time. The payment deadline and any conditions are written into the transaction record, and bank delays are communicated. A payment screenshot is not proof that funds have cleared. Handover and transfer of ownership follow the written agreement.
Watches: separate manual assessment
Running status, condition, modifications, service history, box and papers, complete accessories and verifiable market conditions inform the assessment. Gold colour does not establish material, and total watch weight is not net precious-metal weight. A watch containing precious metal still requires agreement on the assessment route; jewellery metal-content rules do not apply automatically.
Request a watch assessmentImportant notice
This website provides physical gold trading, gold, silver, platinum, palladium and jewellery buyback inquiries, and manual watch assessment requests. It does not provide financial or investment advice. Gold references and bullion estimates do not price other metals, whole jewellery pieces or watches. Item suitability, final quote, checks, fees and payment arrangements require agreement after physical assessment.