The service provides direct access to 400-troy-ounce gold bars, reflecting global trade standards, alongside kilobars tailored to Asian market preferences. By anchoring the infrastructure in Singapore, the firm aims to solidify its regional footprint while addressing a shift in portfolio allocation strategies among its wealthiest clientele.
Nomura IWM Debuts Physical Gold Trading in Singapore
With gold prices hitting seven-week highs, Nomura International Wealth Management has launched a physical gold trading and custody service in Singapore. The new offering targets ultra-high net worth clients, providing a secure, locally-vaulted infrastructure for buying and safeguarding precious metals as demand for the asset class intensifies.
Akshay Prasad, head of investment products and advisory solutions at Nomura IWM, described the move as the initial stage of a broader strategic expansion. The launch arrives as market sentiment turns increasingly bullish; gold recently breached the $4,250/oz threshold, climbing out of its previous $4,000 to $4,100 trading range. Analysts at Pictet Asset Management have shifted their stance on the metal to overweight, citing strengthened investor demand and sustained reserve accumulation by central banks in emerging markets. As real interest rates soften, the opportunity cost of holding non-yielding assets like gold continues to diminish, fueling the current market momentum.
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