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Gold is one of the precious metals. Gold, which is processed in the form of bars and jewelry, is one of the most desirable investment items of the world community. In Southeast Asia, Indonesia is the highest gold producer, and Singapore has become the main destination for Indonesian gold exports since 2014. The volume of Indonesian gold exports to Singapore increased eightfold compared to 2013. At the same period, Singapore which is not a gold producer is one of the top 10 countries with the highest gold export value in the world, while Indonesias possition is left behind Singapore. This study aims to analyze the variables that affect the volume of Indonesian gold exports to Singapore in 2006-2017. The analytical method used is the Error Correction Mechanism. The results showed that in the short term there were significant effects of Indonesian gold production, Singapore FDI, and the previous gold exports volume on Indonesian gold exports volume to Singapore, while the exchange rate and world gold prices have no significant effect. The policy recommendation is government support in stimulating the establishment of national gold refining and manufacturing industry to increase profits by exporting value-added products through infrastructure and high technology support. This is because most of the gold exported to Singapore is raw gold. The government should encourage the refining and gold manufacturing industries by implementing the Good and Service Tax elimination. Besides, regulations need to be made to avoid excessive exploitation of gold due to high demand from Singapore.