Gold price history
Gold spot in AUD per troy ounce · line or daily candles with moving averages
20-day average 50-day average · daily candles, trading days, Sydney time
- Range, last 21 trading days
- A$5,512 – A$6,033
- 20-day average
- A$5,795
- 50-day average
- A$5,937 spot −3.5%
- Trend
- ↘ Falling 20- vs 50-day average
- Volatility (annualised)
- 20.1% from daily moves
Calculated by GoldSilverPrices from daily AUD spot closes collected throughout the day and grouped by Sydney trading date. The advanced TradingView chart uses a separate market feed.
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Gold price by weight
| Weight | Value at spot |
|---|---|
| 1 gram | A$184.16 |
| 5 grams | A$920.81 |
| 10 grams | A$1,841.61 |
| 1/4 troy ounce | A$1,432.01 |
| 1/2 troy ounce | A$2,864.03 |
| 1 troy ounce | A$5,728.05 |
| 50 grams | A$9,208.05 |
| 100 grams | A$18,416.11 |
| 10 troy ounces | A$57,280.51 |
| 1 kilogram | A$184,161.10 |
Gold price by purity
| Purity | Per gram | Per ounce |
|---|---|---|
| 24 caratinvestment gold, 99.99% | A$184.14 | A$5,727 |
| 22 caratKrugerrand, Gold Eagle, 91.67% | A$168.82 | A$5,251 |
| 18 carat75% gold | A$138.12 | A$4,296 |
| 14 carat58.5% gold | A$107.73 | A$3,351 |
| 9 carat37.5% gold | A$69.06 | A$2,148 |
Gold/silver ratio: 79.7
Buy gold at the best price today
The spot price is the raw metal. Dealers add a premium for minting and distribution.
How the Gold Price in Australia Is Calculated
The gold price in Australia is quoted in Australian dollars per troy ounce. It is derived from two numbers: the international spot price expressed in US dollars on the London Bullion Market Association, and the current AUD to USD exchange rate applied at the time of conversion.
This means the Australian gold price can move for two independent reasons. When global demand for gold increases, the USD spot price rises and pushes the AUD price higher. The AUD price also rises when the Australian dollar weakens against the US dollar, even if international gold prices are unchanged. For Australian investors, this dual exposure means gold often performs strongly during periods of domestic economic weakness or uncertainty.
Use the Gold and Silver Calculator to convert today's spot price into any weight or purity level you need.
Dealer Premiums and How to Find the Best Price
The spot price shown above is the wholesale reference rate at which large institutions trade gold with each other. When you buy physical gold in Australia, you pay a premium above spot. This premium covers the dealer's cost of sourcing, fabrication, storage, insurance and their own margin.
Premiums vary significantly between products and dealers. A 1oz Australian Gold Kangaroo coin typically carries a higher premium than a cast gold bar because it is minted by a government mint, carries legal tender status and is easier to resell. A 1oz gold minted bar from a private refiner usually sits closer to spot.
The full comparison across leading Australian dealers is on our homepage. Sort by price per ounce to see who is cheapest for any product today.
Where to Buy Gold in Australia
Australia has a strong ecosystem of established bullion dealers. ABC Bullion is Australia's largest precious metals dealer by volume and operates from Sydney with nationwide delivery. Perth Mint is government-owned and offers a legal tender guarantee on all coins and bars it produces. Ainslie Bullion serves Brisbane with a walk-in store and a wide product range.
For investors who prefer to buy in person, our dealers page covers dealers with physical stores in Sydney, Melbourne, Brisbane, Perth and Adelaide.
First-time buyers often start with gold coins because they are more liquid and easier to verify. For larger capital allocations, gold bars offer a lower premium per ounce.
Gold as an Investment in Australia
Gold has historically served three roles for Australian investors: a store of value over long time horizons, a hedge against inflation and currency debasement, and a portfolio diversifier that tends to rise when equity markets fall.
Investment-grade gold in Australia (99.5 percent purity or higher) is GST-free under Australian tax law. This applies to gold coins and gold bars in an investment form. 22-carat coins such as the Krugerrand and American Eagle (91.67 percent gold) are below the threshold and attract GST. Always confirm the GST status of any product with your dealer before purchasing.
Capital gains tax may apply when you sell gold at a profit. If you hold physical gold for more than 12 months, the 50 percent CGT discount applies for individual investors. Read our guide to CGT on gold for a full breakdown of how Australian tax rules apply to gold investing.
Once you have compared spot prices, use our sell gold tool to see what dealers will pay you if you decide to sell.
Questions about the gold price
Why is the gold price in Australia different from the international price?
The international gold spot price is set in US dollars on the London Bullion Market Association. To get the Australian price, dealers convert that figure using the current AUD to USD exchange rate. When the Australian dollar falls against the US dollar, the AUD gold price rises even if the global spot price is unchanged.
Is gold GST-free in Australia?
Yes. Investment-grade gold with a purity of 99.5 percent or higher is exempt from GST under Australian tax law. This includes bullion coins such as the Kangaroo, Maple Leaf and Philharmonic and gold bars marked with their weight and fineness. 22-carat coins such as the Krugerrand and American Eagle (91.67 percent gold) do not qualify and attract GST. Always confirm with your dealer before purchasing.
How do dealer premiums work?
Dealers buy gold at or near spot price and sell it at a premium to cover their operating costs and profit margin. Premiums are typically expressed as a dollar amount or percentage above spot. Our comparison table shows the total price including the premium so you can compare like for like across all dealers.
What is the best way to buy gold in Australia?
The best approach depends on your budget and goals. For smaller amounts, a 1oz Gold Kangaroo coin is highly liquid and widely recognised. For larger purchases, gold bars offer a lower premium per ounce. Compare all options on our price comparison tool to find the best deal available today.
What drives the gold price higher or lower?
Gold prices tend to rise when real interest rates fall, when the US dollar weakens, during geopolitical uncertainty, or when central banks increase their gold reserves. They tend to fall when interest rates rise sharply, when the US dollar strengthens, or when investor risk appetite improves significantly.