If you’re based in Australia and wondering “how to buy gold” , whether for investment, gifting, or personal collection — you’re in luck. Australia has a strong precious metals market, offering multiple ways to invest in gold — from physical bullion and coins to digital gold and ETFs.
This guide will walk you through everything you need to know about buying gold in Australia, including where to buy, how to verify purity, and which platforms are trusted by local investors.
Step-by-Step Guide to Buying Gold in Australia
1. Understand What Type of Gold You Want
There are several gold investment options:
- Physical Gold Coins & Bars : Minted by the Perth Mint , Royal Australian Mint, or international mints.
- Gold ETFs : Exchange-traded funds like ETFS Physical Gold (ASX: PHAU)
- Digital Gold : Fractional ownership via apps or online platforms
- Jewelry & Ornaments : Available at local jewelers and chains
2. Choose a Trusted Seller
Only buy from reputable dealers or platforms such as:
- The Perth Mint – Australia’s official mint, offers certified coins and bars
- Ainslie Bullion , ABC Bullion , BullionByPost
- Online Marketplaces : Gold Republic, CoinJar
- Local Jewelers – For jewelry and small coin purchases
Always check for authenticity certifications and customer reviews.
Where to Buy Gold in Australia
| Perth Mint | Government-backed coins and bars, online store available |
| Ainslie Bullion | Competitive pricing, fast delivery across Australia |
| ABC Bullion | Offers buy-back services and real-time price tracking |
| Gold Republic | Digital gold platform allowing fractional investments |
| CoinJar | Buy and store gold securely online |
Understanding Tax and Legal Requirements
In Australia:
- GST Exemption : Investment-grade gold is GST-free under Australian law.
- Capital Gains Tax (CGT) : Applies when you sell gold for a profit.
- Reporting Requirements : Large transactions may be reported to AUSTRAC for anti-money laundering compliance.
Tips for First-Time Buyers
✅ Start Small : Begin with smaller denominations to understand the process.
✅ Verify Purity : Look for hallmarks, certificates, and trusted dealer ratings.
✅ Compare Prices : Use live gold price tools before making a purchase.
✅ Secure Storage : Choose between home safes or third-party vaults.
✅ Keep Records : Save receipts and digital confirmations for future resale or tax purposes.
❓Frequently Asked Questions (FAQs)
1. Can I buy gold online in Australia?
Yes, you can buy gold online through trusted platforms like The Perth Mint, Ainslie Bullion, ABC Bullion, and Gold Republic.
2. Is gold taxable in Australia?
Investment-grade gold is GST-free , but you may be liable for Capital Gains Tax (CGT) when selling for a profit.
3. Does the Perth Mint sell directly to the public?
Yes, the Perth Mint sells gold coins and bars directly to the public through its online store and authorized dealers.
📌 Conclusion
Buying gold in Australia is simple and secure — whether you prefer physical bullion, digital gold, or ETFs — making it a smart way to protect and grow your wealth locally.
