This BullionStar review covers one of Singapore’s larger bullion dealers, which sells gold, silver and platinum bars and coins from its shop at 45 New Bridge Road and stores metal for customers in its own vault. As at November 2026, it charges 0.39% a year to store gold, with a daily minimum, and adds up to 4% to the price if you pay by card.
BullionStar Pte. Ltd. is on the Ministry of Law’s list of registered dealers under the Precious Stones and Precious Metals Act (registration number PS20190000957, list at the time of writing (November 2026)). Registration covers anti-money-laundering controls only: the Ministry of Law does not regulate a dealer’s prices, storage or finances, and registration is not a licence from MAS. Gold prices can fall as well as rise; past performance is not a guide; gold pays no interest.
What BullionStar Sells and Where
BullionStar sells investment bars and coins in gold, silver and platinum, plus BSP Grams, a way to hold small fractions of metal in its vault. Its Bullion Center at 45 New Bridge Road has a shop and a vault, and it also uses a facility at Le Freeport in Singapore.
Prices are the international spot price plus a premium that varies by product. BullionStar does not publish a premium percentage for each item, so compare a live quote against the spot price with our gold premium calculator. Our guide to gold premiums shows the maths.
BullionStar Review of Fees as at November 2026
| Item | Charge |
|---|---|
| Gold storage | 0.39% a year (effective 1 October 2022) |
| Silver and platinum storage | 0.59% a year |
| BSP Grams gold | 0.09% a year |
| Minimum storage fee | S$0.19 a day per storage jurisdiction |
| Vault withdrawal | S$129 each time (not BSP Grams) |
| Online card payment | Price 4% higher |
| Card payment in shop | Price 3.3% higher |
| NETS | Price 1% higher |
| PayNow (up to $300,000) and bank transfer | No surcharge; bank charges are yours |
Storage is invoiced on 1 March each year, or when you sell or withdraw. The fee page does not say whether GST is added, so ask before you commit.
The short version: BullionStar’s storage is allocated and segregated, insured and audited twice a year, but the daily minimum makes it costly for small holdings, and card payments add up to 4%.
Storage, Insurance and Audits
BullionStar describes its vault storage as “allocated and segregated”, with customer bullion kept apart from its own stock. It says the metal is insured against all risks at full replacement value, through a policy placed by the broker Marsh with Lloyd’s of London syndicates.
Bureau Veritas audits customer bullion twice a year, and a live audit report lists holdings by account number. You can book an in-person audit of your own holding for S$500. Our guide to storing gold safely explains what these terms mean.
Selling Back to BullionStar
The sell FAQ says BullionStar buys “all types of bullion” and jewellery whose weight and purity it can establish, with no testing fee for genuine items. Buy-back prices follow a formula driven by the spot price.
Bars that do not qualify as investment precious metal are bought at a reduced price: 4% less for 1 g to 10 g gold bars, 2% for 11 g to 50 g and 1.5% from 51 g. Damaged bullion typically loses 0.5% to 4%. Cash is usually paid on the spot in the shop, and bank transfers can take up to three business days. Once placed, a sell order is binding: cancelling costs S$200 plus any adverse price move.
Worked Example: S$10,000 of Gold for a Year
An illustration with our own numbers, using the published fees as at November 2026:
- Paying by bank transfer or PayNow: no surcharge. By card online: about $400 more (4%).
- Storage: 0.39% of $10,000 is $39, but the minimum of $0.19 a day is about $69 a year, so the minimum applies.
- Taking it out: withdrawing the bar costs $129.
At $10,000, storage alone is about 0.7% a year because of the minimum. The minimum stops binding once a holding is worth about $17,800. Our cost of holding gold guide puts these costs side by side.
Drawbacks and Who It Does Not Suit
- Card surcharges. Paying by card online raises the price by 4%, more than many bars’ premium.
- Minimum storage fee. Small holdings pay well above the headline 0.39% a year.
- Premiums not published as percentages. You see a price per product, not a stated markup, so you have to work it out.
- Binding orders. Cancelling a purchase or sale has a cost.
It does not suit someone who wants to buy a few grams by card and store them in the vault. Alternatives include Silver Bullion, UOB’s Gold Savings Account and gold ETFs on SGX. Our where to buy gold in Singapore comparison sets out the trade-offs.
What To Do Next
- Check BullionStar’s current entry on the Ministry of Law dealer list before you pay.
- Get a live quote and the buy-back price for the same item on the same day, and run both through the gold premium calculator.
- Decide how you will pay before you order: the method changes the price.
- Run through our checklist for choosing a gold dealer before you open an account.
- Do your own due diligence. This review is general information, not a recommendation.
