Indigo Precious Metals Review

Disclaimer: We are reader supported.  We may be compensated from the links in this post, if you use products or services based on our expert recommendations. Please read our Advertising Disclosure.

Indigo Precious Metals, often shortened to IPM, is a Singapore-based bullion dealer that sells gold, silver, platinum, palladium and rhodium to individual investors, financial advisors and family trusts.

Founded in 2014 by David Mitchell, the company operates from a showroom on Bukit Pasoh Road in Singapore and works with vaulting and delivery partners in London, Switzerland and Australia.

This review covers what IPM sells, how its storage and pricing work, what past clients say about the service, and how it compares to the broader bullion market heading into the second half of 2026.

Key Takeaways

• Indigo Precious Metals is an LBMA affiliate member based in Singapore that sells gold, silver, platinum, palladium and rhodium with no minimum order size.
• Clients can store metal tax-free in Le Freeport Singapore, where qualifying gold, silver and platinum are exempt from the country's 9 percent GST.
• Feefo lists IPM at 4.9 out of 5 stars from roughly 126 verified reviews, and the company holds an A+ rating with the Better Business Bureau.

Company Background

IPM has been trading since 2014, which puts it among the more established bullion dealers in Southeast Asia rather than a recent entrant chasing the current gold rally.

The company is a member of the London Bullion Market Association's affiliate program, a distinction that matters because LBMA accreditation determines which bars qualify for Singapore's tax exemptions in the first place.

David Mitchell, the founder, has appeared in Bloomberg, Reuters, the Straits Times and Robb Report Singapore discussing precious metals as a hedge during periods of market stress.

The firm says roughly 90 percent of its business comes from outside Singapore, with clients spread across Europe, Scandinavia, North and South America, the Middle East and the wider Asia-Pacific region.

That international client base is unusual for a dealer of this size and points to a business built around cross-border storage and delivery rather than local walk-in retail traffic, though the physical Singapore showroom does handle in-person purchases and collections.

Products and Order Sizes

IPM's catalog covers five core metals: gold, silver, platinum, palladium and rhodium, sold as bars and sovereign coins. It also lists copper, rare earth elements, bullion jewelry and numismatic collectibles, along with a fractional buying program called Indigo Gram Savings that lets clients accumulate gold or silver starting from one gram at a time.

Bar sizes run from small fractional weights up to institutional units of 1,000 ounces, and the company advertises no minimum order size on its online platform.

That range means the same dealer can serve a first-time buyer picking up a single silver coin and a family office building a seven-figure allocated position, which is not something every regional dealer can claim.

Storage and Vaulting

Clients who don't want physical delivery can hold metal in IPM's allocated storage program at Le Freeport, a high-security vaulting facility near Changi Airport operated in partnership with Malca-Amit.

Storage is billed as fully segregated and allocated, meaning a client's bars are set aside individually rather than pooled with other customers' holdings, and third-party coverage of the dealer puts annual storage fees as low as 0.16 percent depending on metal type and quantity.

Vaulted holdings can be viewed through an online account portal, and IPM also facilitates delivery from partner vaults in London and Sydney so that international clients can ship from whichever location sits closest to their destination.

Tax Treatment in Singapore

Singapore removed GST on qualifying investment precious metals in October 2012, and that exemption still applies in 2026.

To qualify, gold must be at least 99.5 percent pure, silver at least 99.9 percent, and platinum at least 99 percent, and the bar or coin must come from a refiner on the LBMA or LPPM Good Delivery list.

Palladium does not qualify for the exemption and remains subject to Singapore's current 9 percent GST rate, which is worth knowing before placing a palladium order through IPM or any Singapore dealer.

Singapore also charges no capital gains tax, so profits on bullion held and later sold are not taxed at the national level, though investors should check their own country's reporting rules since IPM's tax treatment only covers activity inside Singapore.

Current Market Data

Gold has moved sharply over the past year, and that backdrop shapes how a dealer like IPM prices its products. Spot gold peaked near $5,600 an ounce on January 28, 2026, then pulled back through the spring and summer to trade in the $4,000 to $4,150 range by late July, still up roughly 20 percent from a year earlier.

Silver followed an even steeper path, climbing from around $40 an ounce in September 2025 to nearly $116 at its January 2026 peak before settling closer to $58 to $60 by midsummer.

On IPM's own live pricing page, gold was quoted with a bid of $4,075.38 and an offer of $4,081.50 per ounce, platinum at a $1,639.86 bid, and rhodium, the smallest and most volatile of the five metals it trades, at an $8,207.25 bid.

The following table summarizes approximate spot levels investors were seeing across the market in late July and early August 2026.

That volatility is part of why dealers with transparent, frequently refreshed pricing matter to buyers right now.

A three-minute price refresh cycle, which is what IPM runs on its site, is a reasonable standard for a market moving this fast, though buyers should still compare the bid-offer spread against a couple of other dealers before a large purchase since spreads widen during volatile stretches.

Reputation and Reviews

IPM's review record is stronger than what many mid-sized bullion dealers post. Feefo, which only allows verified buyers to leave feedback, shows a 4.9 out of 5 rating from roughly 126 reviews, with recurring comments about responsive staff and straightforward transactions.

The company also carries an A+ rating with the Better Business Bureau and a largely positive presence on Facebook and Google. Independent review aggregator Bullion.

Directory has flagged no unresolved alerts against the company and points complainants toward IPM directly rather than a regulator, which is standard practice for a dealer with a clean track record.

One recurring theme across review sites is that IPM does not have as large a volume of reviews as some Western competitors, a function of its smaller, more international client base rather than any sign of hidden trouble.

Who IPM Suits Best

IPM is a reasonable fit for investors who want offshore, tax-advantaged storage without giving up the option of physical delivery, and for buyers outside Singapore who value a dealer that already ships globally with insured logistics.

It is less suited to US-based buyers focused purely on the lowest possible landed cost, since international shipping and customs handling add expense compared to a domestic dealer.

Buyers considering a precious metals IRA should also note that IPM does not offer that structure, so US retirement account holders will need a separate custodian for that specific use case.

Collection of purchased items is available within two weeks of order placement at the Singapore showroom, and the sales team can be reached by phone or email for orders that fall outside standard pre-order timelines.