Singapore Bullion Market Association (SBMA) is a non-profit organisation formed in the December of 1993 by sixteen corporate members from the precious metals industry for the purposes of representing key stakeholders which includes bullion banks, exchanges, refineries, bullion merchants and secured logistics support companies. It started operation in early 1994 to engage with the Goods & Services Tax (GST) working committee in discussions relating to the exclusion of GST on precious metals, and to develop Singapore as a bullion centre in the Asia Pacific region.

SBMA plays a pivotal role in the development of Singapore as an Asian precious metals hub and also as one of the most global centres of connectivity for precious metals.

SBMA participates in many activities such as engagement with industry, governmental and non-governmental agencies, publishing industry-based articles, and marketing and advertising, but its focus remains in creating and ensuring collaboration between its members.