Gold Price Australia Today — Live AUD per Gram
Live gold price in AUD (Australian Dollar) per gram and per troy ounce. Australia is the world's #2 gold producer. Perth Mint gold. Updated every minute.
Australia Gold Price by Weight — AUD (Live)
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Australia — The World's #2 Gold Producer
Australia is the world's second largest gold producer, mining approximately 300–330 tonnes per year — second only to China (~370 tonnes). Australian gold production is concentrated in Western Australia, which accounts for around two-thirds of national output. Major mining districts include the Super Pit at Kalgoorlie (one of the world's largest open-pit gold mines), the Yilgarn Craton, and the Murchison goldfields.
- Newmont (formerly Newcrest): Newcrest Mining — Australia's largest gold miner — was acquired by US-based Newmont in 2023, creating the world's largest gold mining company. Key Australian operations include Cadia Valley (NSW) and Telfer (WA).
- Evolution Mining, Northern Star, Gold Road Resources: Major ASX-listed gold producers operating across Western Australia, with active exploration programs expanding Australian reserves.
- Western Australian gold royalty: WA levies a 2.5% gold royalty on mine output. This royalty is borne by mining companies and funds state infrastructure — it is one of the reasons gold mining is a significant political and economic issue in Western Australian state politics.
- Reserves: Australia holds some of the world's largest identified gold reserves — estimated at around 8,000–10,000 tonnes of proven and probable reserves, representing decades of future production at current rates.
Perth Mint — Australia's Globally Renowned Gold Refinery
The Perth Mint, established in 1899 and owned by the Western Australian state government, is one of the world's most respected precious metals institutions. It refines Australian mine output to LBMA Good Delivery standard and produces some of the world's most recognisable bullion coins and bars.
Perth Mint's flagship coins include the Australian Kangaroo (999.9 fine gold, first minted 1986 — originally the Nugget series), the Australian Lunar Series (featuring Chinese zodiac animals, extremely popular in Asian markets), and the Australian Koala. The mint exports heavily to Asia, particularly China and Hong Kong, where Perth Mint coins command a loyal collector and investor base.
PMGOLD (ASX: PMGOLD) is the Perth Mint's physical gold exchange-traded product. Each unit represents 1/100th of a troy ounce of physical gold stored in the Perth Mint's vault under a Western Australian state government guarantee. It is one of Australia's most cost-efficient ways to gain allocated physical gold exposure with full liquidity on ASX.
AUD Gold Price and the Commodity Currency Effect
The Australian Dollar is a commodity currency — it has a structural partial positive correlation with commodity prices, including gold. When global gold prices rise, Australian export revenues increase, supporting the AUD against the USD. This correlation means AUD gold price increases are often modestly dampened compared to USD gold price increases, because the AUD appreciates alongside gold.
For Australian investors, this creates a nuanced dynamic: holding gold in AUD terms provides less protection against global risk-off events than holding gold in USD terms, because during crises, while gold rises in USD, the AUD can fall sharply (as it did in 2008 and 2020), amplifying AUD gold returns. Conversely, in commodity boom conditions, the AUD gold price may underperform USD gold price.