It’s not just global investors driving the surge in gold, but buyers right here in Singapore.

From bullion dealers to pawnshops, demand for gold bars, coins, and even jewellery has spiked sharply in recent months, fuelled by rising tensions in the Middle East, volatile markets, and growing expectations of interest rate cuts.

At the same time, prices have been anything but stable, swinging between record highs and sharp pullbacks.

So what’s really going on, and is this a smart time to be buying gold?

On Wealth Tracker, Hongbin Jeong speaks to David Mitchell, Managing Director, Indigo Precious Metals, to find out more.