Singapore Bullion Market Association (SBMA) is a non-profit organisation formed in December 1993 by 16 corporate members from the precious metals industry to represent key stakeholders, which included bullion banks, exchanges, refineries, bullion merchants and secured logistics support companies. In early 1994, SBMA engaged the Goods & Services Tax (GST) working committee in discussions relating to the exclusion of GST on precious metals, and to develop Singapore as a regional bullion hub.

SBMA now plays a pivotal role in the development of Singapore as one of the most global centres of connectivity for precious metals.

The association participates in a range of activities, including engagement with industry, authorities and other stakeholders, as well as research, marketing and advertising, but our focus is to create and facilitate collaboration among our members.