Cheapest 1 oz gold coin, by dealer
Checked at 7:18 pm AEDT · dealers from VIC marked
Cheapest 1 oz gold bar, by dealer
Any brand, minted or cast
Buying gold in Melbourne
Melbourne is Australia's second-largest bullion market and offers strong competition between local dealers and national online retailers. ABC Bullion operates from Collins Street in the CBD, serving both retail buyers and larger institutional clients. KJC Bullion in South Yarra caters particularly to collectors and investors seeking a wide range of international gold coins.
Melbourne Gold Company is another well-regarded local option for gold coins and bars. Local dealers in Melbourne tend to have strong numismatic expertise alongside their bullion offer, which can be useful if you are buying coins that sit at the intersection of investment and collecting.
The Gold Kangaroo is the most widely purchased gold coin in Melbourne, consistent with the national market. The Gold Krugerrand and Vienna Philharmonic are also popular with Melbourne investors seeking internationally recognised coins. Gold bars in 1oz and larger sizes are available from most Melbourne dealers.
For storage, Melbourne investors can use dealer vault facilities or independent commercial storage operators. Some dealers offer fully insured allocated storage with regular account statements. For SMSF trustees, this structure satisfies the ATO's requirement that gold be kept with an independent custodian rather than at the trustee's home.
Investment-grade gold is GST-free in Australia. The Krugerrand is an exception: at 91.67 percent gold it is below the 99.5 percent threshold, so GST applies and dealer prices include it. See our gold price page for the current live gold price in AUD and a full weight breakdown from grams to kilograms.
Questions about buying gold in Melbourne
Which gold dealers are based in Melbourne?
Melbourne has several local bullion dealers including ABC Bullion on Collins Street, KJC Bullion in South Yarra, and Melbourne Gold Company. All three offer walk-in purchases for standard gold coins and bars.
Can I buy gold in Melbourne without an appointment?
Most Melbourne bullion dealers allow walk-in purchases for standard products like 1oz Gold Kangaroos and gold bars. For larger purchases or specific products, calling ahead is advisable to confirm stock availability.
Is gold cheaper in Melbourne than online?
Prices vary by dealer and product. Online dealers often have slightly lower premiums because of lower overheads, but local Melbourne dealers allow same-day purchase without delivery costs or wait times. The price table above shows live prices from both local and online dealers so you can compare.
What storage options are available for gold in Melbourne?
Several Melbourne dealers offer secure vault storage. Independent commercial vault operators also serve Melbourne investors. SMSF trustees should confirm that any storage provider can issue the documentation required by their fund's auditor.
Lowest price per dealer from A$5,918. Shipping and in-store availability vary; confirm with the dealer.