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    Gold Spot Price & Charts in Australian Dollars

    Gold Prices Per Ounce, Gram & Kilo in AUD

    Please scroll down for a full, AUD interactive gold price chart, and also view our popular gold bullion product categories below:

    Stay up to date on spot prices and bullion specials

    Gold Price in AUD

    Australia’s Perth Mint holds an undeniable place in the world of precious metals due to its production of its famous bullion coin series – the Lunar and the Kangaroo. However, despite Australia’s prominence, Australian gold investors must still deal with gold prices expressed in US dollars.

    Our gold price chart aims to relieve some of that task. We have more than 30 years of historical gold prices displayed graphically, but helpfully expressed in Australian dollars.

    You may wonder why you’d want to use a chart with AUD. Read on for all of the reasons that you might consider making it a staple of your gold investment endeavors.

    Why Monitor Gold in AUD?

    There are two very good reasons to monitor gold in AUD, rather than USD. The first of those reasons is simplicity. It is easier to consider the price of gold in the same currency that you use every day. You can contextualize the price changes much more ably than if you have to do a currency conversion every time.

    The bigger reason, though, is that trading gold in a currency different from USD introduces the element of exchange rates to the valuation of gold in AUD. There’s the valuation of the metal itself, but there’s also the following effects:

    • If the Australian dollar weakens against the American one, gold becomes more expensive to purchase for Australians and, thus, less desirable. The lower demand means that the price will ultimately fall.
    • If AUD get stronger against USD, the opposite happens. As gold is now more affordable, more people buy it, and the price increases.

    How to Use the Gold Price Chart

    Our gold price chart allows you quite a bit of control over the information you receive. The chart has all of the closing day prices of gold from January 1, 1995 until present day.

    We literally mean the present day, too. We have information about the bid, ask, high, and low prices for the current trading day, and this information is updated in real time as the prices themselves change.

    You can also select any timeframe within our decades of records to consider. Select one of the radio buttons for some of our preset time periods, or choose more specific dates with the blanks beneath the buttons.

    Alternatively, you can use the slider function beneath the chart to narrow things down. Once you have the times you want, hover your cursor or finger over any datapoint to find explicit details about the exact closing price on a particular day, week, or month.

    See more: Gold per gramGold per kilo

    Gold Price in AUD vs USD

    One thing to bear in mind is the subjective element associated with exchange rates. The Australian dollar might weaken against the American dollar only due to consumer and investor perception, rather than any true supply and demand reason.

    If you perceive the public sentiment about the AUD’s viability and purchasing power is shifting one way or another, it might present a valid investment opportunity in gold that has nothing to do with the value of the metal itself. So, keep your ear to the ground in Australia if you plan on trading gold using AUD.

    Notable Events that Caused the Price to Shift

    There have been several days in gold’s trading history that have borne witness to shifts in value. Almost all of these shifts – indeed, all of the ones we’re going to discuss – have been spikes, rather than dips.

    Above all else, the past 30 years have been a chronicle of the increasing value of gold. There have been periods of decline or sluggishness, to be sure, but the overall trend is both clear and positive – gold’s price is going up.

     

    Date Closing price (AUD) Notes
    March 17, 2008 A$1,089.96 The onset of the Great Recession and the worldwide debt crisis generated new all-time highs for the price of gold, which hit a zenith in March 2008 after surpassing A$1,000/oz for the first time in January 2008.
    February 23, 2009 A$1,547.11 After a short period of sell-offs where gold sank back beneath A$1,000/oz, Australian gold spiked sharply (as it did in the US) over a period of about six months. Gold was trading for as little as A$922 in September 2008, but increased by 67% in only half a year’s time.
    August 22, 2011 A$1,825.85 The gold price largely settled during the two years after February 2009, only surpassing A$1500 one time. However, after a major stock market decline in August 2011, gold shot above A$1800 for the first time ever on August 22.
    July 5, 2016 A$1,831.45 One of the more unusual all-time highs in all of gold trading due to its timing. At this moment in history, most of the world’s markets – including the influential US market – were in a price lull after the end of the Great Recession and European debt crisis. However, buoyed by inflation fears and a surprising strengthening of the Australian dollar, gold surged to its highest price yet when it eclipsed the old record by about A$6.
    August 6, 2020 A$2,861.71 The onset of the COVID-19 pandemic changed history forever. The shutdowns and the protective procedures caused an unprecedented amount of uncertainty, fear, and malaise in every country’s economy. As is its wont, gold became the answer for many people looking to keep their nest eggs safe, and the vast acceleration of demand led to the establishment of an all-time high more than A$1000 above the previous record set only four years prior.
    April 21, 2025 A$5,336.46 The price of gold never receded much after the 2020 record, although it did dip beneath A$2200 at one point in 2021. However, the past 15 months or so in the price history of gold have been nothing short of extraordinary. The combination of deep inflation fears, multiple major military conflicts in Ukraine and Israel, and growing unease about the United States’ role as a trading partner sparked a rally not seen since the end of the gold standard in the early 1970s. After posting a closing price just over A$3,000/oz in February 2024, gold gained roughly 80% in additional value during the next 14 months – a gain that made every ounce of gold worth more than A$2,500 above its previous price.

    What Influences the Price of Gold?

    As is the case with all commodities and products, the price of gold is a reflection of its supply and demand. The cost of buying an ounce correlates to the relationship between how much of it is available and how much people want to buy.

    That said, there are several external factors that can affect one or both of these drivers and cause the price of gold to shift in one direction or the other. We already talked about one of them – exchange rates – in the section above. However, here are some more of those factors that can change the value of gold:

    • Geopolitics – Peace is good for business, and war is not. When largescale conflicts are not in progress, investors in all countries feel optimistic about sticking with traditional investments and making money through conventional means. So, a peaceful world without conflict usually pushes down both demand and the price of gold. Wars of all stripes – military, economic, or otherwise – have the opposite effect and usually send investors running toward the yellow metal.
    • Interest rates – High interest rates usually mean price decreases for gold. The higher returns that investors can get on low-risk investments like bonds, treasury bills, or simple loans are more attractive than the stability gold provides. When interest rates drop, however, investors are more keen to ride the upward motion of gold’s price.
    • Inflation – Put aside the fact that the diluting of one’s currency necessarily means that it will cost more to buy the same amount of gold. High inflation also scares investors about the value of their other investments and assets, as all of them are expressed in terms of the weakening currency itself. So, many flock to gold as a safe haven, and the price of gold usually escalates in response.
    • Central bank actions – Because government banks deal in such large numbers, they can move the price of gold one way or the other because they can affect the supply of gold available. Large purchases of gold reduces the world’s stockpile and increases the value of the remaining metal on the market. Major sell-offs have the opposite effect, and gold’s price suffers as a result. There is also an ancillary element that magnifies these effects, in that many investors use the actions of the central banks as clues to guide their own investing.
    • The stability of the economy – This factor often goes hand-in-hand with the geopolitical situation, but it stands alone with its own distinct impact on the price of gold. As the world economy wobbles toward a recession or depression, demand for gold increases because investors are trying to batten down the hatches on their wealth. As with any increases in demand, the price of gold rises accordingly. If the economy is booming, however, investors are more likely to look for other ways to increase their holdings.

    Australian Mints and Gold Products

    The Royal Australian Mint is the sole provider of circulating coinage in Australia, and it also produces a number of investment products and collector coins.

    The Perth Mint, located in Western Australia, produces numerous gold, silver and platinum products to clients all over the globe. The Perth Mint produces a variety of gold and silver coins, as well as bullion bars and medallions. The mint also offers additional services such as storage and investment programs.

    The 1 oz. Perth Mint Gold Bar (New with Assay) is a great example of the quality and beauty that comes from the Perth Mint. This one ounce gold bullion bar contains one ounce of .9999 percent fine gold, and comes with enhanced security features. Each bar comes complete with a unique serial number and assayer’s signature on the assay card. The bar also has the CertiCard security feature.

    Due to their small weight, these gold bars may be more affordable to new investors or those on a limited budget, and they can also make a great gift.

    Australia produces some of the world’s finest coins and bullion bars. With its abundant natural resources, significant animal kingdom, stunning landscapes and diverse culture, mints have plenty of themes to choose from when designing coinage or bullion bars.

    Animal themes are very popular in Australian coinage, with coins celebrating various animals such as the kangaroo and the Kookaburra. Other animals are also featured on Australian gold coins, such as the 2016 1/10 oz. Australian Gold Monkey coin and the 2016 ¼ oz. Proof Australian Gold Koala coin. You can see the latest strikes in stock by visiting our Perth Mint product page.

     

    World Gold Prices