SINGAPORE - Gold retailers in Singapore are boosting inventories to cater to higher demand for the precious metal amid the ongoing crisis in the Middle East.Bullion dealers, jewellers and pawnshops told The Straits Times that buying of the precious metal has surged in recent times amid ongoing geopolitical tensions and expectations of interest rate cuts.Items like gold bars, coins and jewellery are among the items being snapped up by local buyers in recent weeks, with some also eyeing silver, they said. Also in the mix are people who want to cash in or trade their older gold items.Besides middle-aged customers, some have also observed a younger crowd wading into the gold-buying trend.Mr David Mitchell, founder and managing director of bullion dealer Indigo Precious Metals, said his store has seen demand rise over 100 per cent so far in 2026, compared with the same period in 2025. The company runs a retail outlet in Bukit Pasoh Road.“We have seen more buyers than sellers over the past year, but we also are beginning to see more sellers entering the market, which is typical after strong price moves,” he said. Read more