Gold Price Today in Australia

Live prices via TradingView · Page reviewed

The live table shows today's gold price in Australia in Australian dollars per troy ounce and per gram, for 24 carat down to 9 carat. It converts the world price at the live AUD rate; bullion dealers and jewellers price above it.

Live gold rate in Australia (AUD)

Weight & purityLive price
24ct gold · 1 troy ouncelive
24ct gold · 1 gramlive
24ct gold · 1 kilogramlive
22ct gold · 1 gramlive
18ct gold · 1 gramlive
14ct gold · 1 gramlive
9ct gold · 1 gramlive

Live gold in Australian dollars (TradingView FX_IDC:XAUAUD) scaled by weight and purity. Values are the live international spot price converted at the live exchange rate and scaled by weight and purity. They exclude dealer premiums, local market premiums or discounts, taxes and making charges. How we calculate

How the Australian gold price works

Australian dealers price gold from the international US dollar spot price converted at the AUD/USD rate. Australia is one of the world's largest gold producers, but local miners sell at world prices, so the domestic price is not lower. The Australian dollar tends to be sensitive to commodity prices and global risk sentiment, so gold in AUD can behave differently from gold in USD: in some sell-offs the Aussie dollar falls faster than gold, cushioning the local price.

The Perth Mint

The Perth Mint, owned by the Government of Western Australia, refines a large share of the country's newly mined gold and produces the Australian Kangaroo bullion coin, Lunar series coins and minted and cast bars. Its products are sold through its Perth shop, online and through dealers across the country and abroad. Australian investors also buy bars from other refiners and coins from other mints, such as Maple Leafs and Britannias.

Carats used in Australia

CaratGold contentCommon use
24ct (9999 or 999)99.9%+Bullion coins and bars
22ct (916)91.6%Indian and Middle Eastern jewellery, some coins
18ct (750)75%Engagement and fine jewellery
9ct (375)37.5%Everyday jewellery, very common locally

Australia does not have a mandatory national hallmarking system, so stamps on jewellery are applied by manufacturers. A reputable jeweller will test and certify purity on request. Read our guide to checking purity.

GST and capital gains tax

  • Investment gold is GST-free when it is at least 99.5% pure and in an investment form such as a bar, wafer or coin traded at or near its metal value.
  • Jewellery carries 10% GST, already included in the shelf price.
  • Capital gains tax applies when you sell gold at a profit. Individuals who hold an asset for more than 12 months generally get the 50% CGT discount. Collectables rules can apply to some items such as jewellery and rare coins. Confirm with the ATO or an accountant.

Worked example

Illustrative only. Suppose gold is A$6,308.00 per ounce, or A$202.81 per gram.

ItemCalculationAmount
1 oz Kangaroo at 3.5% over spotA$6,308.00 × 1.035A$6,528.78
GST on the coinGST-free (99.99% pure)A$0.00
Melt value of a 5 g 9ct bracelet5 × A$202.81 × 0.375A$380.27
3 g of 18ct metal plus 10% GST3 × A$202.81 × 0.75 × 1.10A$501.95

The last line is metal and GST only; a real 18ct ring would add design, labour and stones on top. Check your own figures with the gold calculator.

Where Australians buy and sell

Bullion is bought from the Perth Mint, from dealers in the capital cities (many with online stores and vault storage), and in exchange-traded form through gold ETFs listed on the ASX. Jewellers sell 9ct and 18ct pieces in shopping centres, and specialist jewellers in suburbs with large Indian and Middle Eastern communities sell 22ct gold by weight. To sell, dealers buy back bullion at a quoted price, while scrap buyers offer a percentage of melt value.

Tips

  1. Compare the all-in price per ounce of gold content, including delivery or storage fees.
  2. Check the dealer's published buy-back price before buying; a low spread matters for resale.
  3. Keep records of purchase dates and costs for CGT.
  4. For 9ct jewellery, remember that more than 60% of the metal is not gold when comparing offers.

Frequently asked questions

What is the gold price per gram in Australia today?
The live table shows the price per gram in Australian dollars for 24ct, 22ct, 18ct, 14ct and 9ct gold, calculated from the international spot price and the AUD exchange rate.
Is there GST on gold in Australia?
Investment gold of at least 99.5% purity in bar, wafer or coin form is GST-free. Jewellery includes 10% GST.
How much is 9ct gold worth per gram in Australia?
9ct gold is 37.5% pure, so its metal value is 0.375 times the 24ct price per gram. The live table shows the figure in Australian dollars; scrap buyers pay somewhat less.
Who owns the Perth Mint?
The Perth Mint is owned by the Government of Western Australia. It refines gold and produces bullion coins such as the Australian Kangaroo.
Is the Australian gold price quoted per ounce or per gram?
Bullion dealers quote per troy ounce (31.1035 g) and per kilogram for bars and coins, while jewellers and scrap buyers usually work per gram. The table shows both.
Do I pay tax when I sell gold in Australia?
Gains on gold are generally subject to capital gains tax, with a 50% discount for individuals who have held the asset for more than 12 months. Your circumstances may differ, so check with the ATO or an adviser.