A Precious Metals Storage fee will be charged in arrears on the first day of the following calendar month (“charge date”). A 0.0417% fee will be charged based on the prevailing market value (as of the charge date) of the average daily weight of precious metals owned by you in the previous month; this amounts to 0.5% annually. Do note that the minimum charge for the storage fee will be S$0.01 as this is the minimum legal tender.
Formula:
Prevailing market value on 1st of month * Average daily metal holding (weight) * Storage fee
**Please note that the Precious Metal Storage fees for November 2023 have been waived.
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