Last Updated: 8 January 2026
This Refund & Cancellation Policy applies to all bullion products sold under the Singapore Gold brand (โSingapore Goldโ), which is owned and operated by Clasic Bullion Jewellery Pte. Ltd. (โthe Companyโ), incorporated in the Republic of Singapore.โ
By placing an order with Singapore Gold, customers acknowledge and agree to the terms set out in this policy.
1. Nature of Bullion Products
All products sold by Singapore Gold, including gold, silver, platinum and palladium bars and coins are investment-grade precious metals. Prices fluctuate continuously based on the dynamic international precious metals markets.
2. Order Placement & Price Fixation
An order is considered placed and the price fixed, when the customer successfully completes a purchase through:โ
- The Singapore Gold website checkout system; orโ
- The Singapore Gold in-store Point-of-Sale (POS) system.
Once an order is placed, market risk transfers immediately to the customer.
3. No Refunds After Price Fixation
Once the price is fixed and we realise the payment made:โ
- Orders cannot be cancelledโ
- No refunds or returns will be permitted
This includes, but is not limited to requests due to change of mind, market price movements, or personal reasons.
4. Exceptional Refund Circumstances
Refunds are exceptional and may only be considered where:โ
- The incorrect product was supplied by the Companyโ
- The product is proven to be counterfeit or materially not as describedโ
- The product has a verified manufacturing defectโ
- Duplicate or erroneous charges were made by the Company
5. Inspection Upon Delivery or Collection
Customers must inspect products immediately upon receipt or collection. Any issues must be reported within office working hours on the same day, with acceptable videographic evidence at the time of opening the package and original documentation. Failure to do so constitutes acceptance.
6. Remedies
Where an issue is confirmed, the Company may, at its discretion:โ
- Replace the product with an equivalent item orโ
- Offer a buy-back at the prevailing market price
Cash refunds are not guaranteed and will only be provided where required under Singapore
law.
7. Buy-Back Policy
Where refunds are not applicable, customers may utilise the Companyโs buy-back service, subject to prevailing market prices, spreads, and fees.
8. Payment Methods
Payments may be made via cryptocurrency, NETS, PayNow, cash, credit/debit cards, or credit card instalment plans.
Refunds, if approved:โ
- Cryptocurrency payments are not reversibleโ
- Cash refunds are subject to Company discretionโ
- Card and instalment refunds are subject to bank approval and timelines
9. Credit Card Instalment Plans
Refund approval does not automatically cancel instalment obligations. Customers must liaise directly with their issuing bank.
10. Tampering & Packaging
No refunds or replacements will be accepted for products with tampered packaging, seals, assay cards, or serial numbers.
11. Governing Law
This policy is governed by the laws of the Republic of Singapore, including the Consumer Protection (Fair Trading) Act.
12. Contact
Email: returns@clasicbullion.comโ