Value at spot
A$5,727.48
31.10 g fine gold at A$5,728.05 per oz
What dealers pay now
A$5,562.36 – A$5,690.52
97.1% to 99.4% of spot value, from 725 current buyback prices for investment gold.
Jewellery and scrap need refining, so dealers pay noticeably less than spot. Ask for a quote.
Compare buyback prices →How the calculator works
How is the value calculated?
Weight × purity gives the fine metal content, which is multiplied by the current spot price in AUD per troy ounce. One troy ounce is 31.1035 grams.
Why will a dealer pay less than this?
Spot is the wholesale price of pure metal. Dealers buy back below spot to cover their costs and risk. For investment coins and bars the gap is small; for jewellery and scrap, which must be refined, it is larger.
Is a carat the same as a troy ounce?
No. Carat (karat) describes purity: 24 carat is pure gold, 18 carat is 75% gold. A troy ounce is a weight, 31.1035 grams, slightly heavier than a standard ounce.