OCBC has broadened its Precious Metals offering on the OCBC app to include platinum and palladium bullion, making it the only Singapore bank to offer all four major precious metals to retail customers. This expansion allows retail investors to trade these metals alongside gold and silver, providing further diversification opportunities within the asset class.
Previously, access to platinum and palladium was largely restricted to affluent customers. Now, OCBC enables mass retail customers to invest in these metals digitally from as little as 0.01 ounces, priced at approximately S$23 for platinum and S$18 for palladium as of 7 August 2026. This move builds on OCBC’s existing digital gold and silver capabilities, which have been available since October 2021.
Platinum and palladium are primarily demanded for industrial applications, such as automotive manufacturing and clean energy technologies. Their unique demand and supply dynamics, combined with concentrated global supply, can lead to price movements distinct from gold and silver. OCBC Group Research anticipates spot prices for platinum and palladium to exceed $2,000 and $1,500 respectively by H1 2027.
Tan Siew Lee, Head of Group Wealth Management at OCBC, stated, “We are strengthening our position as a leading wealth management player and as the go-to bank for precious metals.” She highlighted the potential for investors to gain exposure to industrial and energy transition themes through these high-beta metals.
The addition of platinum and palladium is part of OCBC’s strategy to make investing more accessible, with the app also offering structured deposits and diversified portfolios through the OCBC Blue Chip Investment Plan and OCBC RoboInvest.
