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Nomura will begin offering physical gold trading services to affluent clients in Singapore.
Nomura Holdings’ International Wealth Management division is launching physical gold trading and custody services in Singapore for its affluent clients, a move that will support the city-state’s ambition to position itself as a gold hub. In a statement released on Wednesday, Nomura said the trading and custody services will be fully operated in Singapore, offering clients access to both large bars and kilobar formats. The large bars weigh approximately 400 troy ounces and serve as the global benchmark for international trade settlement, while kilobars are the preferred size across various Asian markets. “Gold has once again become a cornerstone of wealth management,” said the head of Investment Products and Advisory Solutions at Nomura International Wealth Management.