Anyone who has ever shopped for gold jewellery in Singapore has heard the same advice: check Mustafa first. As of 20 June 2026, Mustafa Jewellery lists its 22K (916) gold at SGD 171.20 per gram and 24K (999) at SGD 185.80 per gram, rates that regularly undercut most other retailers in the city-state.

4 related posts

22K Gold Price (per gram) at Mustafa: SGD 171.20 (20 June 2026) ·
24K Gold Price (per gram) at Mustafa: SGD 185.80 (20 June 2026) ·
Gold Price Update Frequency: Daily, during Singapore trading hours ·
Difference Between 22K and 24K per Gram: SGD 14.60

Quick snapshot

1Mustafa Gold Prices Today
2Why Mustafa is Cheaper
3Gold Purity Explained
42026 Gold Price Outlook

Mustafa’s gold pricing follows a consistent pattern: 22K (916) always runs lower per gram than 24K (999), driven by purity content and the store’s low-cost operating model. Here are the key facts at a glance.

Label Value
Store Name Mustafa Shopping Centre (Mustafa Jewellery)
Location Singapore (Little India)
Currency Singapore Dollar (SGD)
Gold Purity Offered 22K (916) and 24K (999)
Price Update Frequency Once or twice daily (morning/evening)

What is the Mustafa gold price today?

What is the 22K gold rate at Mustafa today?

  • As of 20 June 2026, Mustafa Jewellery lists 22K (916) gold at SGD 171.20 per gram (Mustafa Jewellery – official gold rate page).
  • The rate posted carries a timestamp of 20 June 2026 08:03:50 AM SGT, confirming it is current for that day.

What is the 24K gold rate at Mustafa today?

  • 24K (999) gold is listed at SGD 185.80 per gram on the same date (Mustafa Jewellery).
  • The gap between 22K and 24K — SGD 14.60 per gram — reflects the higher pure gold content in 999.

How does Mustafa’s rate compare to the international spot price?

  • Global spot gold was trading above USD 3,000 per ounce in early 2026, according to Reuters markets desk.
  • Mustafa’s retail rate for 24K at SGD 185.80/g works out to roughly SGD 5,780 per ounce, implying a premium over spot that covers fabrication and overhead.
  • Competitors like ValueMax (Singapore pawnbroker and gold buyer) quote 999 gold at SGD 241.00/g, significantly higher than Mustafa.

The pattern: Mustafa’s 24K rate is about 23% below ValueMax’s, confirming the store’s reputation for low margins on gold.

The upshot

Shoppers who buy 22K jewellery at Mustafa save roughly SGD 14.60 per gram compared to buying 24K, but they get less pure gold. For investment-grade bullion, 24K at SGD 185.80/g remains among the cheapest retail rates in Singapore.

Mustafa’s 22K and 24K prices are the lowest in Singapore, making it the go‑to store for gold buyers.

Why is gold at Mustafa cheaper?

Why is gold at Mustafa cheaper than other shops?

  • Mustafa operates a 24-hour retail model with very low overhead per square foot, according to Straits Times business coverage.
  • High sales volume — the store sees heavy foot traffic daily — allows Mustafa to accept thinner margins than traditional jewellery boutiques.

Does Mustafa have lower markup?

  • Yes. Mustafa Jewellery’s markup over the gold spot price is consistently lower than at competitors like Maxi-Cash (Singapore gold buyer and lender), which lists 999 gold at SGD 248/g.
  • Comparison: Mustafa’s 24K rate (SGD 185.80/g) is SGD 62.20 cheaper than Maxi-Cash’s rate — a 25% discount.

Are there any hidden charges at Mustafa?

  • Mustafa does not charge making fees on most plain gold jewellery, a practice confirmed by its price listings (which show only the per-gram rate).
  • Other retailers such as Gold Trader SG (Singapore bullion dealer) note that retail quotes may include fabrication and overhead costs, which Mustafa largely absorbs.

What this means: Mustafa’s low-overhead, high-volume model passes savings directly to buyers. The biggest savings come on plain gold items where making charges are waived.

How does Mustafa’s low overhead compare to competitors?

  • Mustafa’s 24-hour store model reduces per‑square‑foot costs compared to typical jewelers.
  • High customer turnover lets Mustafa operate on thinner margins while still turning a profit.
Mustafa’s low overhead and high volume allow it to undercut competitors by over 20% on gold premiums.

Is 916 gold 22K or 24K?

What is 916 gold?

  • 916 gold means 91.6% pure gold by weight. The “916” stamp is the metric equivalent of 22 karat (Wikipedia – Gold purity).
  • Mustafa Jewellery sells both 916 (22K) and 999 (24K) items, clearly labelled on its online rate page (Mustafa Jewellery).

What is the difference between 916 and 999 gold?

  • Purity: 916 gold contains 91.6% gold, 999 gold contains 99.9% gold. The remaining portion in 916 is alloy metals (copper, silver, zinc).
  • Price: Because 999 gold is purer, its melt value is higher, so Mustafa charges SGD 14.60 more per gram for 24K than for 22K.
  • Durability: 916 gold is harder and more scratch-resistant than 999, making it the common choice for jewellery that is worn daily.

How to check gold purity at Mustafa?

  • Every gold item sold at Mustafa bears a hallmark stamp — either 916, 999, or (for 958 gold) 958 — as required by Singapore’s Monetary Authority of Singapore (MAS) guidelines.
  • You can also verify purity by asking for a receipt that states the karat and gram weight; Mustafa Jewellery provides this detail on its invoices.

The trade-off: 916 gold is cheaper and harder, 999 gold is purer but softer. For investment, 999 is standard; for jewellery, 916 is often the better choice.

Why this matters

A buyer who mistakes 916 for 24K could overpay relative to gold content. At Mustafa, the price board clearly separates the two, so shoppers can compare apples to apples — but only if they know that 916 = 22K.

Shoppers who understand the 916 vs 999 distinction can save money by choosing the right purity for their needs.

Will gold prices drop in 2026?

What do analysts predict for gold in 2026?

  • After reaching record highs above USD 3,000 per ounce in early 2026, gold prices have remained elevated. Reuters analysts note that some forecasts see a further climb toward USD 3,200/oz by year-end, driven by inflation hedging and geopolitical uncertainty.
  • Other analysts, such as those tracked by Bloomberg (financial data provider), warn of a possible correction of 10-15% if interest rates remain high.

What factors could cause gold prices to fall?

  • Higher real interest rates reduce the appeal of gold, which yields no income. The U.S. Federal Reserve’s rate decisions remain the single biggest driver (Reuters – gold markets).
  • A strengthening Singapore dollar versus the U.S. dollar could also lower SGD-denominated gold prices, even if global spot prices hold steady.

How does Mustafa’s price reflect global trends?

  • Mustafa updates its gold rates at least once daily based on the international spot price, as confirmed by the timestamp on its rate page (Mustafa Jewellery).
  • On volatile trading days, the store may issue a second update in the evening, as seen on 17 June 2026 when the rate for 22K moved from SGD 177.00 to SGD 177.30 (SingaporeGoldRate – price aggregator).

The implication: Mustafa’s rates move with the global market. If analysts are correct about a correction, Singapore buyers could see cheaper gold at Mustafa by the end of 2026 — but timing the market is notoriously difficult.

Gold prices in 2026 may see record highs or corrections, but Mustafa’s rates will follow global trends.

How to check Mustafa online gold rate?

Which websites show Mustafa gold rates online?

How to use Mustafa’s official website to check rates?

  • Visit mustafajewellery.com (Mustafa Jewellery) and navigate to “Gold & Silver Rate” on the top menu.
  • The page displays the current 22K (916) and 24K (999) prices, last updated date and time, and a disclaimer that rates are subject to change without notice.

Are there any live price tracking tools?

  • GoldBroker (global bullion platform) offers a live SGD gold price chart based on spot markets, useful for comparing Mustafa’s retail rate to the underlying metal value.
  • Some Singapore-focused finance blogs embed dynamic widgets, but the official Mustafa page does not offer a live ticker — updates are manual once or twice daily.

For best accuracy, check Mustafa Jewellery’s page directly. Aggregator sites are convenient but may reflect stale data.

The catch

Mustafa’s online rate page updates only once or twice daily. During periods of high volatility, the store’s in-store price may differ from the online rate. Call ahead or visit the jewellery counter for real-time quotes.

Checking Mustafa’s official website before a visit ensures you get the current rate, though aggregators may lag.

Timeline signal

  • : Mustafa 22K gold rate moved from SGD 177.00 (morning) to SGD 177.30 (evening) — a rare intra-day adjustment (SingaporeGoldRate).
  • : Official Mustafa Jewellery rate board showed 22K at SGD 171.20 and 24K at SGD 185.80 (Mustafa Jewellery).
  • : Global gold spot price broke above USD 3,000/oz for the first time; Mustafa’s rates rose in tandem over the following days (Reuters).

Confirmed facts

  • Mustafa 22K (916) gold rate as of 20 June 2026: SGD 171.20/g (Mustafa Jewellery).
  • Mustafa 24K (999) gold rate as of 20 June 2026: SGD 185.80/g (Mustafa Jewellery).
  • 916 gold = 22 karat = 91.6% pure gold (Wikipedia).

What’s unclear

  • Gold price trajectory for the rest of 2026 is uncertain — analysts disagree between further highs and corrections (Reuters).
  • Whether Mustafa will adjust rates multiple times per day on a regular basis is not publicly documented; only one instance of intra-day change was recorded in June 2026.
  • The exact timing of daily updates varies — Mustafa’s rate page timestamp shows a single morning update, but aggregators sometimes reflect different afternoon rates.

“Mustafa Jewellery lists its Singapore gold rates online in Singapore dollars and shows separate prices for 22k-916 and 24k-999 jewellery.”

— Mustafa Jewellery (official jewellery retailer)

“Independent price pages also show Mustafa-linked Singapore gold prices with 22K (916) below 24K (999), reinforcing the same pattern.”

— Live Price of Gold (price aggregator)

“Gold price pages in Singapore frequently publish rates in per-gram format, making direct comparison between 916 and 999 straightforward.”

— Gold Trader SG (Singapore bullion dealer)

For anyone buying gold in Singapore, the choice between Mustafa and other retailers comes down to a simple calculation: Mustafa offers the lowest retail premiums in the market, but with limited real-time rate visibility. Buyers who check the official page just before visiting can lock in the day’s price. For investors watching the 2026 outlook, the risk of a correction means waiting may bring a cheaper entry — but nobody rings a bell at the bottom. Mustafa shopping centre overview provides more context for first-time visitors, while Gold price in Singapore today keeps tabs on broader market movements. Those comparing purity options should read our 22K vs 24K gold comparison, and anyone shopping around can refer to our list of Best gold buyers in Singapore.

Additional sources

goodreturns.in, policybazaar.com, facebook.com, facebook.com

For a more detailed breakdown of current prices, check the Mustafa gold rate today for 22K and 24K per gram.

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Frequently asked questions

How often does Mustafa update its gold rates?

Mustafa updates its online gold rates once or twice per day — typically once in the morning and, on days with significant spot price movement, again in the evening. The exact schedule is not fixed, but each update carries a timestamp (Mustafa Jewellery).

What is the difference between 916 and 999 gold at Mustafa?

916 gold is 91.6% pure (22 karat), while 999 gold is 99.9% pure (24 karat). At Mustafa, 22K is SGD 14.60 per gram cheaper than 24K. 916 gold is harder and more suitable for daily-wear jewellery; 999 is softer and favoured for bullion and investment (Wikipedia).

Does Mustafa sell gold bars online?

Mustafa Jewellery’s online rate page focuses on jewellery rates for 22K and 24K. The store does sell gold bullion and coins in person, but gold bar rates are not always listed online. Contact the jewellery counter directly for bar pricing.

Can I trust the purity of gold sold at Mustafa?

Yes. Mustafa Jewellery is a long-established Singapore retailer and all gold items are hallmarked with the karat purity (916, 999, etc.) as required by MAS guidelines. The store’s online rate page also clearly distinguishes between 22K and 24K products.

Is the Mustafa gold rate the same for all purchase amounts?

Generally, yes — the per-gram rate applies to all jewellery purchases. For very large quantities (e.g., 100+ grams of gold bars), some buyers report that Mustafa may negotiate a small discount. This is not advertised and depends on in-store negotiation (SingaporeGoldRate).

How do I verify the current Mustafa gold rate before visiting?

Check the official Mustafa Jewellery gold rate page for the latest posted rates. You can also call the store directly or use an aggregator like Live Price of Gold for a second reference, though the official site is the most reliable source.