About Gold Pricing in Australia
The gold price displayed above is calculated live from the COMEX spot price and converted to AUD using real-time exchange rates. Investment-grade gold (99.5%+ purity bars and legal tender coins) is GST-free in Australia under the A New Tax System (Goods and Services Tax) Act 1999.
Australia is the world's second-largest gold producer (behind China) with major mines including Super Pit, Boddington, and Cadia Valley. The Perth Mint, owned by the Western Australian government, is one of the world's most trusted refiners. AURUM calculates Australian gold rates using the formula: COMEX spot x AUD/USD rate (RBA reference rate).
The Australian gold market is well-regulated by ASIC. Self-Managed Super Funds (SMSFs) can hold physical gold bullion as an investment, subject to purity and storage requirements. For full market intelligence, visit the AURUM platform.
Frequently Asked Questions - Gold in Australia
What is the gold price in Australia today? +
Australian gold price is the COMEX/LBMA spot price converted to AUD. Investment gold is GST-free in Australia. The Perth Mint is the primary domestic source for retail gold bullion and coins.
Is gold GST-free in Australia? +
Yes. Investment-grade gold (bars 99.5%+ purity and legal tender coins) is exempt from GST in Australia. Gold jewellery is subject to 10% GST. This exemption is under the A New Tax System Act 1999.
Can I hold gold in my SMSF? +
Yes. Self-Managed Super Funds can hold physical gold bullion as an investment, provided the gold meets minimum purity requirements (99.5% for bars) and is stored with an approved custodian, not at home.
Is the Perth Mint a reliable gold dealer? +
The Perth Mint is owned by the Government of Western Australia and is one of the world's largest and most trusted precious metals refiners. Its products carry a government guarantee and are recognised globally.
How does AUD/USD affect gold prices in Australia? +
Gold is priced in USD globally. A weaker Australian dollar raises the AUD gold price even if USD spot is flat. AURUM updates the AUD conversion in real time using RBA reference rates.