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-7.60 (-0.44%)

4:39 pm 13/04

About & Performance

Gold (Au) trades 24 hours a day on markets throughout the world using the code "XAU".

The London bullion market (LBMA) is regarded as the industry benchmark, with the spot price set twice daily at 10:30am and 3:00pm GMT in US dollars.

Continuous trading occurs in over-the-counter (OTC) gold markets and via futures contracts (e.g. LME and CME Group).

Multiple ASX listed ETFs track the price of gold. These include ETFs Physical Gold (GOLD), Perth Mint Gold (PMGOLD) and Betashares Gold Bullion (QAU).

What drives the price of gold?

1. Central Banks
Net purchases of gold by central banks can affect the price.

2. U.S Dollar Value
When the USD is strong, people are more optimistic and prefer to trade in USDs, pushing the price of gold down.

3. Economic Uncertainty
Gold is seen as a "safe haven" to store wealth during volatile and uncertain times.

4. Worldwide Jewellery Demand
Around half of all gold demand is driven by jewellery with China, India and the US being primary buyers.

Gold Prices AUD USD
Troy ounce (oz) $2,268.674 $1,725.10
Pound (lb) $33,084.759 $25,157.651
Gram (g) $72.939 $55.463
Kilogram (kg) $72,939.469 $55,463.173

4:39 pm 13/04 US/oz

Performance US/oz Amount Change
1 Week -19.00 -1.09%
1 Month -0.70 -0.04%
3 Month -122.60 -6.64%
6 Month -204.00 -10.57%
1 Year -15.90 -0.91%

4:39 pm 13/04 US/oz

ASX Gold Companies

Closed - 04/2021

Australia holds around 17% of the world's gold resources and accounts for 9% of global production. Western Australia alone produces almost 68% of Australia's gold. [1] View an image of Australia’s 2016 gold deposits and operating mines.


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Commodities Workbook


Download a spreadsheet of the official gold price (USD & AUD) since 1968.

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World Gold Holdings (2019)


Official data from the World Gold Council showing each countries gold holdings in tonnes.

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Australian Gold Resources

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A huge 9MB image with all Australia’s gold deposits.

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All Australian Mineral Resources

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A list of Australia’s major minerals with statistics and maps outlining all known deposits and operating mines.