Gold Price Australia

May 21, 2022

The above gold price in Australia is updated each minute. Data is retrieved continuously from all major marketplaces (LBMA/NYMEX, GLOBEX and HONG KONG) 24 hours a days, 7 days a week.

The “spot price” is the reference price for one troy ounce. This unit of measurement is used on professional spot trading markets. A troy ounce is 31.1 grams.

You can view all rates on GoldRate-Today.com based on the spot price in EUR (Euros), Swiss Francs, British Pounds (GBP) and more currencies like AUD.

Every minute, the Australia gold price is updated. This data is derived from the gold price converted to US Dollars at the USD/AUD exchange rate.

Historic Gold Price Australia

Gold Price Australia

You will see prices for gold in Australia per ounce, gram, or kilo in the local currency. These are called Australian Dollars. Many popular Australian products, including bars and coins, are made by Australian fabricators.

Australia is home to a wealth of natural resources, wildlife, and scenic beauty. Although gold mining in Western Australia began in the 1880s with the discovery of Kalgoorlie and Coolgardie, the industry only really started to grow in the 1890s. Over the years, Australia’s gold mining industry has experienced many ups and downs. Its peak was in 1903. Further interest was shown in the industry again during the 1930s, 1980s, and 1990s.

The Australian currency, also known as the Aussie, is the Australian Dollar. You can subdivide each Australian Dollar into 100 smaller currency units, or cents. The Reserve Bank of Australia controls the Australian currency, which is also one of the most traded currencies worldwide. Currency traders prefer the currency because of Australia’s higher interest rates, stability of its economy, government and diversification potential.

Australia is home to many varieties of gold ingots and coins. These products are produced by the Perth Mint, a world-famous producer. They also produce some of Australia’s most beautiful gold bullion coins. The Perth Mint, Australia’s largest precious metals company, supplies gold, silver, and platinum products to all markets around the world. The mint is the largest exporter in Western Australia, with $18 billion worth gold bullion bars or coins distributed to investors in more than 100 countries every year.

The Perth Mint is well-known for its quality, craftsmanship, and beauty. Many of the coins produced by the mint are meant to be a celebration of wildlife. These coins also feature exceptional designs and true artistry.

Two excellent examples of the Perth Mint Australian Gold Kangaroo Series and the Perth Mint Australian Gold Koala Series are great examples of the quality standards and beauty that the Perth Mint is known for. The best thing about Australian gold bullion coins is that they come in fractional weights, as well as the standard 1 ounce. For smaller investors and those with tighter budgets, a 1/10th-ounce gold coin may be more affordable.

There are some Australian gold coins that can be purchased in both bullion and proof versions. Because they are struck twice, proof coins have a more polished appearance than bullion coins. Proof coins are often stored in protective cases, sleeves, or boxes that protect their finish. This can help keep them looking new for many years to come.

Gold bullion bars are a great option if you want to purchase as many ounces as possible of gold. Bars are more affordable than coins and can offer lower per-ounce premiums.