Last updated: 27th October 2021.
The following entails the fees that are applicable to:
1. TRADING (BUY/SELL) ON SGPMX EXCHANGE PLATFORM
Breakdown | Rates (USD) |
---|---|
One-time joining fee | $100.00* (payable before any trades can be executed) |
Renewal fee | $20.00 (applicable annually from year 2)* |
Trading fee | 0.25% of every successful buy and/or sell order* |
Storage fee | 0.50% annual storage fee for gold (buy only)* 0.70% annual storage fee for silver (buy only)* Storage fee is renewable on a yearly basis and payable upfront to SGPMX* |
*Subject to an additional 7% GST
Note: The minimum value for each trade is USD 1,000.00.
2. PURCHASES IN RETAIL STORE
3.90% Admin Charges are applicable when you use a Credit card as the payment mode.*
*Subject to an additional 7% GST