How much is a kilo of gold worth in Australia?

Australia is one of the few countries where a kilo of gold is an everyday retail product. The Perth Mint casts one, ABC Bullion and Ainslie make their own, and dealers in Brisbane, Sydney and Melbourne price them live alongside 1oz coins. That makes it easy to see what you would pay. Less obvious are the extras: freight for something worth nearly A$200,000, insurance, and what you get back when you sell. This page covers all of it. Grams and carat jewellery are on the gold price per gram (AUD) page.

How is the price of a kilo of gold worked out?

Gold is priced by the troy ounce of 31.1035 g, so a kilogram is 32.1507 troy ounces. The kilo value is spot per ounce x 32.1507. Global prices start from the LBMA Gold Price, set in London in US dollars; the Australian price also depends on the exchange rate, so a falling Aussie dollar can lift the local kilo price even when gold is flat in US terms. Australia is a major gold producer, but that does not make local prices lower: dealers price off the same world market.

Don't use ordinary ounces. A kilo is 35.27 of those, and using that figure instead of 32.15 overstates the value by almost 10%, close to A$19,000 at October 2026 prices.

Spot-based melt values, not dealer prices. Loading. A kilo of 9ct jewellery contains well under half the gold of a bar. For any other weight, use the gold value calculator.

What do Australian dealers charge for a 1kg gold bar?

The amount above gold value is the premium. We read the price for one bar on each dealer's product page between 11:04 and 11:05 UTC (about 10 pm AEDT) on Monday 12 October 2026, and compared it with gold-api.com spot of A$5,979.05 an ounce. That made the gold in a kilo bar worth A$192,231.03.

Premium = price / (32.1507 oz x spot) - 1. Jaggards' lower price applies to bank transfer and cash; its higher price is the standard (card) price, 4.19% to 4.24% over spot. Ainslie's site showed a spot of A$5,992.63, higher than our feed, so its prices may lag spot slightly; against that figure, its Perth Mint kilo was 1.97% over. Perth Mint status from its product page earlier on 12 October. More dates on the premium tracker.

The four dealer prices sat within A$474 of each other, so for a bank transfer the choice of brand mattered more than the choice of dealer. Paying by card at Jaggards added about A$3,450. Compared with the Perth Mint's own cast bars, the kilo is not dramatically cheaper per gram: the Mint's 10oz cast bar was 2.07% over spot on its own site that morning. The kilo's appeal is more about storing one serial-numbered bar than about a big saving.

To see today's prices, Visit Ainslie Bullion had the lowest kilo price in our check, and Jaggards lists both ABC and Perth Mint kilos with a separate bank transfer price. Our reviews of Ainslie and Jaggards, and the guide to the best places to buy gold in Australia, compare more dealers.

Why buy the Perth Mint kilo through a dealer?

Mainly speed and price visibility. The Mint's own listing was a special order with no online price, while Ainslie, a Perth Mint distributor, quoted the same cast bar live. The Perth Mint bar has maximum dimensions of 112 x 52 x 9 mm and comes with an assay certificate matching its serial number. More on the Mint, including its government backing, in our Perth Mint guide.

How is a kilo of gold taxed in Australia?

Sources: ATO GSTR 2003/10; ATO CGT discount page. General information, not tax advice.

An example: a kilo bought for A$196,500 and sold two years later for A$216,500 gives a A$20,000 gain. With the 50% discount, A$10,000 is added to your income for that year and taxed at your marginal rate. More detail is in our Australian gold tax guide, and the rules for super funds are in gold in an SMSF.

What paperwork and payment rules apply to a kilo?

From 1 July 2026, businesses that buy or sell precious metals for cash (or virtual assets) of A$10,000 or more provide a designated service regulated by AUSTRAC, Australia's financial crime regulator. Expect identity checks at kilo size, and expect cash of A$10,000 or more to be reported. Splitting a payment to avoid reporting is an offence. Most buyers pay by bank transfer, which is also the cheapest option at dealers that publish a separate card price.

How do you get a kilo bar home, and where do you keep it?

• Freight is not automatic. Jaggards says parcels are insured only up to A$50,000 at checkout, and asks kilo buyers to contact it to arrange cover. Ainslie says a kilo exceeds the insurable value of its normal freight and asks buyers to call to discuss options. Collecting in person is the simple alternative.
• Home storage. Check your contents policy: many cap bullion and cash at a low figure. Get the insurer's answer in writing.
• Vaulting. Jaggards advertised private vaulting from A$265 a year on its kilo pages. Ask whether storage is allocated (a specific bar in your name) and who insures it. Our gold storage guide compares options.

What will you get back when you sell a kilo?

Ainslie's buyback estimator showed A$188.81 per gram of gold on 12 October 2026. Scaled to a kilo, that is about A$188,810, roughly 1.8% under our spot reading; Ainslie says the final price is set after the bullion is received and tested. Bought from Ainslie at A$196,561.10 for its own bar and sold back straight away at that estimate, a kilo would have lost about A$7,750, or 3.9%. That round-trip cost is why gold suits longer holding periods. You must also sell the whole bar at once. See selling gold in Australia for how to compare bids.

Has the kilo price moved much over time?

The kilo price is spot times 32.1507, so it tracks the ounce price exactly, just larger: an A$10 move per ounce changes a kilo by about A$322. For long-run figures, including the effect of the Aussie dollar, see gold price history in AUD. Gold can fall as well as rise, and this page is information, not financial advice.

Not financial advice. GoldVetted provides general information to help you compare options. It is not personal financial, tax or legal advice. Gold prices go down as well as up, and you may get back less than you pay. Check tax rules with the official source or a qualified adviser before you act.