Gold & Silver Price Today in Australia
Live prices per oz t in AUD
Live gold and silver prices in Australia in AUD. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Australia
| Karat | Per oz t (AUD) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
AUD/oz t
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21K Gold — 7-Day Chart (AUD/oz t)
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Silver Price Today in Australia
Fine 999, Sterling 925 and Coin 900 silver prices in AUD per oz t, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per oz t (AUD) |
|---|---|
Fine 999 Silver — 7-Day Chart (AUD/oz t)
Gold in Australia
Australia is one of the world's largest gold producers and exporters, with a sophisticated domestic gold market backed by the Perth Mint — the official bullion mint of Western Australia and one of the world's most respected precious metals refiners. Prices are quoted in Australian Dollar (AUD) per troy ounce or gram. Australia's gold industry is central to the national economy, and the country holds significant official gold reserves.
Local Market Context
The Perth Mint is Australia's premier gold facility, producing the iconic Gold Kangaroo coins and processing gold from Australia's mines. Sydney and Melbourne host major bullion dealers including ABC Bullion and Guardian Gold. Australia's stock exchange (ASX) lists gold ETFs and mining companies, providing diverse exposure to gold. Chinese-Australian community demand for 24K jewelry is concentrated in Sydney and Melbourne's Chinatown districts.
Taxes & Duties on Gold in Australia
Australia's GST (Goods and Services Tax) at 10% applies to gold jewelry but not to investment-grade gold. Gold bars and coins meeting the ATO's 'investment gold' definition (99.5%+ fineness) are GST-free. No import duty on gold applies. Capital gains tax applies on gold profits for Australian residents at their marginal income tax rate, but the 50% CGT discount applies for gold held longer than 12 months. Freshgoldprice.com's prices show zero GST (investment bullion standard).
Buying Tips for Australia
Perth Mint products (Gold Kangaroo, Australian Gold Lunar coins) offer the highest liquidity and international recognition. ABC Bullion's Sydney and Melbourne offices sell bars and coins at competitive spreads. For GST exemption, ensure the product qualifies as 'investment gold' under ATO rules (99.5%+ fineness). The Perth Mint's Certificate Program allows allocated gold storage at the Mint with full government guarantee.
Gold as an Investment in Australia
Australia offers strong conditions for gold investment: GST-free investment bullion, the 50% CGT discount for long-term holders, world-class Australian minted coins with international liquidity, and ASX-listed gold ETFs (GOLD, PMGOLD). The Perth Mint's government-backed storage program is a unique globally recognized custody option. Australia's position as a major gold producer also means supply chain proximity.
Gold & Silver Price FAQ — Australia
- What is the gold price per gram in Australia today?
- The current gold price per gram in Australia is shown in the gold table above in AUD, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Australia?
- 24K gold bullion is widely traded in Australia, the world's second-largest gold exporter. The price is shown in the table above in AUD per oz t.
- How are gold karats calculated?
- Pure gold is 24K. Price per oz t of each karat = 24K price × (karat ÷ 24). So 24K gold = 100% pure gold.
- What is the silver price per gram in Australia today?
- The current silver Fine 999 price per gram in Australia is shown in the silver section above in AUD, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Australia include taxes?
- Australia does not levy import duty or VAT on gold. The displayed price reflects spot × AUD exchange rate × dealer margin only.
- Is the Perth Mint government-backed?
- Yes. The Perth Mint is owned by the Western Australian Government and is one of the few mints in the world that offers a government-guaranteed storage program. Gold held in the Perth Mint's Certificate Program is backed by the full faith of the Western Australian Government.
- Is there GST on gold in Australia?
- Investment-grade gold (99.5%+ fineness bars and coins) is GST-free in Australia under the ATO's 'input taxed' precious metals rules. Gold jewelry and lower-purity items carry the standard 10% GST. This makes Australia an investment-friendly gold market for long-term buyers.
- What are Australian Gold Kangaroo coins?
- The Australian Gold Kangaroo (also called the Nugget) is the Perth Mint's flagship bullion coin, produced since 1986. It contains 99.99% pure gold, features a unique kangaroo design that changes annually, and is legal tender in Australia. It is one of the world's most recognized and liquid gold coins.