As of late October 2026, the spot price of gold is approximately AUD $5,676 to AUD $5,747 per troy ounce.
Because gold is traded constantly, the exact amount you will get or pay depends entirely on the form of the gold (bullion, scrap jewelry, or coins) and whether you are buying or selling.

💰 Live Gold Value Breakdown (in AUD)

The raw market value of gold breaks down by weight roughly as follows:

• Per Ounce (Troy): ~$5,676.41 AUD
• Per Gram (Pure 24k): ~$184.79 AUD
• Per Kilogram: ~$184,790 AUD

💍 What is your Gold Jewelry worth? (Scrap Value)

If you are looking to sell old or broken jewelry, it is rarely pure 24-karat gold. Buyers pay based on the percentage of actual gold in the piece. Leading Australian buyers like the Perth Mint and private gold exchanges offer the following approximate buyback rates per gram:

Purity (Karats) Gold Content % What Buyers Pay (Per Gram)
9k (375) 37.5% ~$52.73 – $54.79 AUD
14k (585) 58.5% ~$82.26 – $85.47 AUD
18k (750) 75.0% ~$105.46 – $109.57 AUD
22k (916) 91.6% ~$128.80 – $133.83 AUD
24k (999) 99.9% ~$140.47 – $146.10 AUD

🪙 What are Gold Bullion and Coins worth?

Investment-grade bullion bars and sovereign coins trade much closer to the spot price, though dealers add a premium when you buy and deduct a small margin when they buy it back from you.

• Buying a 1 oz Gold Coin: Expect to pay around $5,780 to $5,915 AUD to purchase a new or trusted investment piece like the iconic StoneX Bullion 1 oz Kangaroo Coin.
• Selling a 1 oz Gold Bar: If you sell a certified 1 oz minted bar back to a dealer like the Melbourne Gold Company, you will receive roughly $5,498 AUD.

Useful definitions used in the gold industry

Spot
The price for cash (immediate) settlement. The bullion market operates on a two-day settlement (the value date is on the second business day following the trade date).

Trade date
Date on which the price was set.

Value date
Date on which payment of money and delivery of metal/currency occurs.

Bid
The price at which an organization will buy, that is, the price you will be paid if you sell precious metal.

Ask/offer
The price at which an organization will sell, that is, the price you will pay if you purchase precious metal.