Gold Prices in Australia Today (Per Ounce, Gram & Kilo) 2024
As of today, gold prices in Australia are subject to a myriad of factors, both domestic and international. These prices can fluctuate throughout the day as investors react to news, economic data, and market trends. Whether you’re a seasoned investor or just curious about the financial markets, staying informed about gold prices can offer valuable insights into the state of the economy.
The international market determines the price of gold but is also affected by the exchange rate of the Australian dollar. When the Australian dollar is strong, the value of gold in Australian dollars will be lower. In reverse, when the Australian dollar is weak, gold will be worth more in Australian dollars. You can also check the Gold Prices in Saudi Arabia.
Today Gold Price in Australia
Today the gold rate in Australia is 520.14 per 1 gram. Gold price in Australia is 22 thousand 606.74 per tola. Find live gold price in Australia 1 kg, 24K per ounce, 24K per 10 grams, gold 22K per tola.
| GOLD UNIT | GOLD PRICE IN AUSTRALIA | GOLD PRICE IN US DOLLAR (USD) |
|---|---|---|
| Gold 24K per Ounce | AUD 1,617.84 | $2,417.06 |
| Gold 24K per 10 Grams | AUD 520.14 | $777.09 |
| Gold 22K per 10 Grams | AUD 476.79 | $712.33 |
| Gold 24K per Tola | AUD 606.74 | $906.48 |
| Gold 22K per Tola | AUD 556.18 | $830.94 |
Gold Rates in Australia
Find direct international gold prices in Australia at 24K/oz USD, and its conversion rates for 24K gold per 10 grams and 22K gold per 10 grams. Stay with us, this is a unique platform for live gold updates, and join the useful discussion forum below.
The latest gold price in Australia in various cities like Sydney, Melbourne, Brisbane, and Canberra. Gold prices in 24K, 22K, 18K, 14K, and 10K per gram and Australian dollars per kilogram, per ounce, and per tola are updated in real-time to reflect current market prices.
Current Gold Price in Australia
The cost of purchasing one gram or one ounce of 24-karat gold in Australia’s gold bullion dealerships and jewelry stores. It’s important to note that gold prices fluctuate throughout the day due to various factors, so staying informed is essential for making well-informed decisions.
| GRAM | Gram/AUD | High | Low | Change |
|---|---|---|---|---|
| 1 GRAM GOLD 24K | 116.03 | 116.03 | 116.01 | +0.07 |
| GRAM 22K | 106.52 | 106.52 | 106.49 | +0.06 |
| GRAM 21K | 101.53 | 101.53 | 101.50 | +0.06 |
| GRAM 18K | 87.03 | 87.03 | 87.00 | +0.05 |
| GRAM 14K | 67.88 | 67.88 | 67.86 | +0.04 |
| GRAM 10K | 48.39 | 48.39 | 48.37 | +0.03 |
| GRAM 6K | 29.01 | 29.01 | 29.00 | +0.02 |
| OUNCE | Ounce/AUD | High | Low | Change |
|---|---|---|---|---|
| 1 OUNCE 24K | 3,608.65 | 3,608.65 | 3,607.77 | +2.03 |
| OUNCE 22K | 3,312.75 | 3,312.75 | 3,311.94 | +1.87 |
| OUNCE 21K | 3,157.57 | 3,157.57 | 3,156.80 | +1.78 |
| OUNCE 18K | 2,706.49 | 2,706.49 | 2,705.83 | +1.52 |
| OUNCE 14K | 2,111.06 | 2,111.06 | 2,110.55 | +1.19 |
| OUNCE 10K | 1,504.81 | 1,504.81 | 1,504.44 | +0.85 |
| OUNCE 6K | 902.16 | 902.16 | 901.94 | +0.51 |
| KILOGRAM | Kilo/AUD | High | Low | Change |
|---|---|---|---|---|
| 1 KILOGRAM GOLD 24K | 116,033.92 | 116,033.92 | 116,005.58 | +65.34 |
| KILOGRAM 22K | 106,519.14 | 106,519.14 | 106,493.12 | 59.98 |
| KILOGRAM 18K | 87,025.44 | 87,025.44 | 87,004.18 | 49.00 |
| KILOGRAM 14K | 67,879.84 | 67,879.84 | 67,863.26 | 38.22 |
| KILOGRAM 10K | 48,386.14 | 48,386.14 | 48,374.32 | 27.25 |
| KILOGRAM 6K | 29,008.48 | 29,008.48 | 29,001.39 | 16.33 |
| TOLA | Tola/AUD | High | Low | Change |
|---|---|---|---|---|
| 1 TOLA GOLD 24K | 1,353.40 | 1,353.40 | 1,353.07 | +0.76 |
| TOLA 22K | 1,242.42 | 1,242.42 | 1,242.11 | 0.70 |
| TOLA 18K | 1,015.05 | 1,015.05 | 1,014.80 | 0.57 |
| TOLA 14K | 791.74 | 791.74 | 791.54 | 0.45 |
| TOLA 10K | 564.37 | 564.37 | 564.23 | 0.32 |
| TOLA 6K | 338.35 | 338.35 | 338.27 | 0.19 |
What is the Gold Price in Australia?
The gold price, typically quoted in Australian dollars per ounce (AUD/oz), refers to the current market value of one troy ounce of pure gold. There are two main ways to view gold pricing:
- Spot Price: This is the current market price for the immediate delivery of gold. Consider it the price you would pay to buy or sell gold right now.
- Gold Bullion Prices: These are the prices for physical gold products like bars and coins, which can differ slightly from the spot price due to factors like manufacturing and retail markup.
Factors Influencing Today’s Gold Price
Global Economic Trends
- Currency Movements: Gold prices are closely tied to currency values, especially the US dollar. Fluctuations in major currencies can impact the price of gold in Australia.
- Interest Rates and Inflation: Changes in global interest rates and expectations can influence investor sentiment towards gold as a hedge against currency depreciation and inflationary pressures.
Interest Rates
- When interest rates are low, gold becomes a more attractive investment compared to interest-bearing assets.
Mining Industry Dynamics
- Production Levels: Australia is one of the world’s largest gold producers, and changes in production levels can affect supply and prices.
- Regulatory Environment: Government policies and regulations related to mining, environmental protection, and taxation can impact the profitability of gold mining companies and, consequently, gold prices.
Investor Sentiment
- Market Volatility: Gold is often seen as a safe-haven asset during times of economic uncertainty and market volatility. Increased investor demand for safe-haven assets can drive up the price of gold.
- Speculative Trading: Short-term fluctuations in gold prices may also be influenced by speculative trading activity, as investors seek to capitalize on price movements for profit.
The Australian Dollar (AUD)
- The value of the AUD relative to other major currencies like the USD can also affect the gold price quoted in AUD.
Implications for Consumers and Investors
Jewelry Purchases
- For Australians looking to purchase gold jewelry, today’s gold price provides valuable information on the cost of their desired pieces. Monitoring price trends can help consumers make informed purchasing decisions.
Investment Opportunities
- Investors may view today’s gold price as an opportunity to enter or exit the market based on their investment objectives and risk tolerance. Gold can serve as a hedge against market volatility and currency fluctuations.
Economic Indicators
- Changes in gold prices can serve as indicators of broader economic trends and market sentiment. As such, monitoring gold prices can provide insights into the economy’s health and potential investment opportunities in other asset classes.
Understanding the Australian Gold Market
Australia is a major gold producer, with several large gold mines in operation. This domestic production can influence the overall gold price in the country. Australian regulations and taxes on gold purchases can also affect consumers’ final prices.
Conclusion
Updated Gold Price Provides the latest gold prices in multiple currencies for all countries, available 24/7. You can easily check the current gold price in your local currency or any other currency you choose. The website is updated regularly, ensuring that the gold prices are always accurate. Whether you are an investor or just interested in keeping up with the latest gold prices, this website is a great source of information about the current gold price.
