Some banks sell gold to customers, but many do not. If you're interested in buying from a bank, do some research to find out which banks offer this service.

Is it safe to buy gold online?

Yes, it is safe to buy gold online, provided you're purchasing from a reputable gold dealer. Make sure you thoroughly research the legitimacy of any dealer by checking to see whether they're accredited with any trade associations and by checking their reputation and how long they've been operating before deciding whether to buy.

What are other ways to make money from gold?

Aside from purchasing gold as a physical commodity, there are a couple of other ways you can potentially make money from gold. For example, it's possible to invest in ETFs that track the price of gold or invest in gold mining companies. Of course, these options also come with a certain level of risk attached and there's no guarantee of making a profit.

Are there any taxes on gold bullion?

If you buy or sell gold in an investment form (gold of at least 99.5% purity), GST is not payable. However, if your gold bullion increases in value from the time you buy it to the time you sell it, capital gains tax may apply. Contact the ATO or your accountant for more details.

How to buy gold in Australia

The price of gold soared in 2025, but it can move sharply in either direction, so check the latest price and market roundup below.
You can buy physical gold bullion via a dealer. Or you can invest in gold itself or gold-related companies through ETFs or via individual stocks.
Gold is often seen as a safe investment because it's tangible and typically rises in value, but strong retail interest makes the price more volatile.

4 ways to buy gold in Australia

If you want to start investing in gold, you can purchase actual physical gold bullion or invest in gold stocks, ETFs or trade in gold futures.

Buy gold through an exchange-traded fund (ETF)
Invest in gold stocks
Buy physical gold bullion
Trade gold via the futures market

What's the best way to buy or invest in gold?

Your gold buying strategy depends on how you want to gain exposure to gold's potential upside.

For some gold investors, owning bullion is all that matters. If you want to own physical gold, the best option is to go through a gold bullion dealer

You may distrust banks and investing platforms and prefer securing gold in a safe at home. You can also pay a dealer to store it for you, although this adds to your costs.

For a lot of people this is a risky and complicated move (like storing your money under the mattress). An ETF that tracks the price of gold gives you exposure to the price of gold as an investment without the risks of holding it physically.

And you can also speculate in future price changes in gold via futures trading, or invest in mining companies that deal with gold and other precious metals.

Why buy gold in 2026?

Gold is a hot commodity right now. With increasing economic uncertainty thanks to inflation and US trade tariffs, many investors in the last year have flocked to the traditional safe haven of gold.

Gold market roundup

Last month was a tough one for gold (in Australian dollars) as it fell 8.38% and hit its 52-week low. Gold is largely seen as a safe haven and these downward movements showed less confidence in the precious metal as money flowed elsewhere.

The longer term numbers painted a similar picture. The commodity dropped 4.72% over the past three months and tumbled 14.81% for the year so far. While we often think of the shiny metal as a sturdy anchor for any portfolio, this consistent slide told a different story.

What is the price of gold in Australia today?

Track the current price of gold in Australia (and the US) below:

AUD$5,758.90 |

USD$4,113.50

Note: While both AUD and USD pricing are displayed above the graph, all mentions of price within the graph itself are displayed in USD.

Where is the gold price headed?

According to a January 2026 Finder survey, 22% of Australians have either bought gold or are planning to. 68% of economists surveyed by Finder in January said they expected gold to continue to rise in 2026.

Source: Finder research

1. Invest in gold ETFs

Gold ETFs (exchange-traded funds) are another convenient way to invest in gold that don't require buying and storing physical gold.

When you buy units in a gold-themed ETF, you're either investing in a group of gold-related companies, or getting exposure to the price movements of gold itself, depending on which ETF you invest in.

ETFs like the VanEck Gold Miners ETF (ASX: GDX) and BetaShares Global Gold Miners ETF – Currency Hedged (ASX: MNRS) track the performance of gold mining companies, whilst ETFs like the Global X Physical Gold (ASX: GOLD) and BetaShares Gold Bullion ETF – Currency Hedged (ASX: QAU) simply track the price of gold.

ASX-listed gold ETFs:

VanEck Gold Miners ETF (ASX: GDX)
BetaShares Global Gold Miners ETF – Currency Hedged (ASX: MNRS)
Global X Physical Gold (ASX: GOLD)
Perth Mint Gold (ASX: PMGOLD)
BetaShares Gold Bullion ETF – Currency Hedged (ASX: QAU)

Risks

Investing always carries risks. With an ETF tracking the price of gold you don't have to worry about losing your property to burglary, but the price of gold can and does go down sometimes.

Investing in companies with exposure to gold carries the usual investing risks of market volatility, company bankruptcy and the possibility of losing your investment.

Expert insight

"The world still values physical gold, so it is often used as protection if stock markets sour, or interest rates rise. To take a lot of the guess work out of investing in the precious metal, a physical gold ETF can provide you with easy access to the commodity rather than having to pick a winning gold miner or take the risk of holding physical bars of gold yourself."

Kanish Chugh

Head Of distribution, Global X ETFs AU

Compare online brokers to trade gold stocks and ETFs

6 of 35 results

Finder Score	AU Trading Fee	US Trading Fee	Asset Class
9.6 Excellent Moomoo Share Trading Finder Award	9.6 Excellent	$3.00	US$0.99	ASX shares, Global shares, Options trading, US shares, ETFs	Welcome offer: Enjoy 30 days of $0 brokerage on AU and US stocks and receive up to 38 free shares when you open and fund your account and complete qualifying tasks. Offer ends 30 Nov 2026. T&Cs apply.	Trade major markets with built-in social trading tools.	Go to site View details Compare product selectionCompare	loading
8.7 Great eToro Most Loved	8.7 Great	US$2.00	US$2.00	ASX shares, Global shares, US shares, ETFs, Cryptocurrencies	$150 Reward Finder Rewards: Join Finder then sign up as a new eToro customer through Finder, deposit at least $300 and complete a trade within 60 days of account opening to receive a $150 digital Visa gift card. Ends 31 Dec 2026. T&Cs apply.	CFD service. Capital at risk. Trade a range of assets from a single account with access to social trading features.	Go to site View details Compare product selectionCompare	loading
9.3 Excellent Tiger Brokers Finder Award	9.3 Excellent	$3.00	US$2.00	ASX shares, Global shares, Options trading, US shares, ETFs	$120 Reward Finder Rewards: Join Finder then sign up to Tiger Brokers through Finder, deposit $2,000 within 7 days and complete a qualifying BUY trade within 20 days to receive a $120 digital Visa gift card. Ends 31 Dec 2026. T&Cs apply. Deposit any amount and receive $20 to trade in Tiger Brokers. Plus 4x zero brokerage trades and no FX fees on the first $2,000 you exchange every month. T&Cs apply.	Trade US, Asian and CHESS-sponsored ASX stocks, China A-class shares, plus US and Hong Kong options and ETFs.	Go to site View details Compare product selectionCompare	loading
9.8 Excellent Webull Finder Award	9.8 Excellent	$1.00	$0.00	ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies	$150 Reward Finder Rewards: Join Finder then sign up to Webull as a new customer, deposit at least $2,000 in a single transaction and place at least 1 BUY order for a US-listed stock or ETF to receive a $150 digital Visa gift card. Ends 2 Dec 2026. T&Cs apply. Bonus offer: Get up to 25,000 bonus Qantas Points on eligible Webull deposits and share transfers by 31 Jan 2027. Plus, earn monthly points on your international trades. T&Cs apply.	Invest in over 15,000 shares, options, and $0 Brokerage on all U.S. and Australian Chess-Sponsored ETFs.	Go to site View details Compare product selectionCompare	loading
9.3 Excellent IG Share Trading Finder Award	9.3 Excellent	$0.00	US$0.00	ASX shares, Global shares, US shares, UK shares, ETFs	Go to site View details Compare product selectionCompare	loading
9.9 Excellent CMC Invest Finder Award	9.9 Excellent	$0.00	$0.00	ASX shares, Global shares, Options trading, US shares, mFunds, ETFs, Cryptocurrencies	Trade 40,000+ listed securities across the local markets and 15 major global exchanges.	Go to site View details Compare product selectionCompare	loading

Showing 6 of 7 results

Finder Score for share trading platforms

We've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.

Read the full methodology

Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

2. Investing in gold on the stock market

It's possible to invest in gold through the stock market by profiting from gold prices rather than physically owning gold.

This is done by buying shares in companies that have exposure to gold, including gold miners.

With this approach, you don't actually buy any gold – rather you're investing in the performance of the gold industry or the mining company. To invest in gold via the stock market, you need a stockbroker or online trading platform.

But remember, buying a stock means you become part owner of a company. This means investors have an extra layer of complexity.

Not only do you need to know the price of the asset, but also at what price the business can produce the raw material and be profitable. It is after all possible for the gold price to increase while the business you own loses money.

However, the flip side is also true. If your investment mines additional minerals, it could reduce your risk should the gold price fall.

Our top picks for trading platforms

Finder Award

Moomoo Share Trading

Go to site

Trade ASX, US and Hong Kong stocks

Most Loved

eToro

$150 Reward

Go to site

T&Cs apply

Social trading features

Finder Award

Tiger Brokers

$120 Reward

Go to site

T&Cs apply

Easy-to-use mobile trading

ASX-listed gold stocks

There are a number of gold stocks listed in Australia. Some of the largest and best-known gold stocks include the following:

Evolution Mining (EVN)
Northern Star Resources (NST)
Regis Resources Limited (RRL)
St Barbara Ltd (SBM)
West African Resources (WAF)

Best-performing ASX gold stocks

This is a list of the best-performing gold stocks on the ASX over the last week. We've only included companies with stock prices above $1.

Stock list last updated 19 Oct 2026

Rand Mining Limited (up 3.38%)
Horizon Gold Limited (up 2.78%)
Northern Star Resources Limited (up 2.41%)
Ausgold Limited (up 2.36%)
Tribune Resources Ltd (up 1%)
De Grey Mining Limited (up 0%)
Gold Road Resources Limited (up 0%)
Spartan Resources Limited (up 0%)
Resolute Mining Limited (up 0%)
Southern Cross Gold Ltd (up 0%)

This video was published in February 2020, so its market commentary (including gold's 2019 price rise) reflects conditions at the time. For the current gold price and recent moves, see the price tracker and market roundup above.

5:42

Since the dawn of time…Gold has been a symbol of wealth, beauty, success and… gangster bling the world over. And among investors these days it's also been a very hot topic. In 2019, the price of gold rose by more than 30% - and some analysts, plus some who think a recession is coming, think it has further to run yet. But for all that talk... how do you actually invest in gold? Well, in this video we're going to explore why gold matters, the many ways you can invest, and some of the risks involved.

Gold is one of the oldest forms of currencies, with coins dating as far back as 800bc. And up until pretty recently it was still used as the global standard for trade. That all became a bit shaky around WW1, but it wasn't until 1970 that the gold standard officially ended. Now we have the fiat or paper standard which is issued by the central banks and most commonly carried around in your pocket as cash. But when these currencies start to fail us... You know, because of hyperinflation, underinflation, recessions or stock market crashes… it's historically been gold that we fall back on - which is why the price of gold tends to go up when economies start to perform poorly or when grandma starts getting nervous again about the state of the world. In the last couple of years, we've been moving through a period of global economic uncertainty, thanks to the US-China trade war, unrest in the middle east and changing power dynamics around the world. Because of this, the central banks have us sitting at record low interest rates. This is why gold has reappeared as a hot commodity. And if interest rates continue dropping - even into negative rate territory -- well, gold could become a lot more important.

So how do you invest in it? There are two main ways that you can put your money into gold. You can buy physical gold, or you can invest in gold via the stock market. Physical gold is where you actually own the gold, as in, you can hold it, or wear it, or store it in a safe. The benefit of this is that you own something tangible, which can make it less risky than investing in something like stocks - where if it all goes to hell, you're left with nothing more than a piece of paper in your hand. If the price of gold goes down…in the least you can make a nice pair of earrings out of it. The most common forms of physical gold people usually invest in are gold bars, aka bullion, gold coins - and of course jewellery. If you're a serious investor though - you'll get the best price for gold in its bar form. Meanwhile, coins and jewellery are given as gifts or for special occasions like a wedding or Chinese new year. Finally, you have what's called unallocated gold investing, where it's still physical, but not in your hands. Instead, you're investing in a dealer's pool of gold - so really, it's more like a contract. You'll never get to handle any of the gold and it can be a little riskier too.

How do you buy it? You can literally walk into a bullion dealer and walk away with gold in your hand. Or you can buy it online and have the gold delivered to you or stored in a vault until it comes time to sell - and there are costs there too. There's even a few apps out there now that let you trade gold on your phone. Just remember: No matter how you're buying physical gold - make sure it's an authorised dealer - because yeah, fool's gold is still a thing.

The other way to invest in gold is over the stock market - and there's a few ways to do this. 1. You can buy gold stocks. That's where you invest in a company that has gold exposure - like a mining company. It's not always easy to pick the right company, but as a general rule of thumb, companies with strong gold exposure will see stock prices go up when gold prices go up. If stock picking isn't for you - you can invest in a Gold themed exchange traded fund, which is a listed fund that is made up of multiple gold companies or which tracks the price of gold. If you want to learn more about ETFs, I actually just did a video on that so check it out in the link below. If you're feeling especially brave, you can invest in gold through the futures market. Futures traders look to profit from price movements – so they can still profit whether prices are rising or falling. However, because futures contracts can be highly risky and complex derivative products, this is better suited to advanced traders. Remember, with the stock market you're not actually owning physical gold so you're exposed to all the usual risks that the stock market carries, such as market volatility, company bankruptcy and the possibility of losing your investment entirely.

Why might you invest in gold? To make money from it - when gold prices go up, so does your wealth. To protect your wealth - whether you believe a recession is coming or not, gold has historically been a safe bet for your money. No. three, it's liquid - it's easy to convert into cash. And fourth, on the sentimental side, it can be a terrific gift that is also an investment.

What are some of the downsides? Low risk, low-reward - as is often the case, this means your returns over a long time frame might be lower than with other kinds of investments - like stocks. Ongoing costs: If you're buying physical gold, there are fees to consider, such as dealer fees, storage, and insurance costs. No income: Unlike owning property which generates rent, or shares which can pay dividends, physical gold won't earn any income until you sell it. Price volatility. If you're investing in gold via the stock market, it comes with the same risks you normally get in stock market investing. That is, you risk losing your money altogether. Just because you're investing in a gold stock - doesn't mean it's a safe investment. So do your homework. So whether you think a recession is just around the corner, or you want to diversify your stock portfolio, gold could be a great asset to consider investing in. But as with any investment, it's not for everyone. So what do you think? Do you think gold is a good investment? And what's your flavour of choice? Let us know in the comments below. There's a lot more to it than what I've gone through, so if you want to find out more about gold investing or how to invest in shares or ETFs, you can visit Finder.com.au and the links are in the description below. Thanks for watching, I'll see you next time!

3. Investing in physical gold

This is the traditional approach and involves buying gold as a physical asset and owning it yourself. It allows you to get your hands on a tangible asset and avoid the counterparty risks associated with ETFs.

If you decide to buy physical gold, you'll then need to consider what form you'd like to acquire. You can buy gold bullion in bars or in coins. Bars are larger and therefore more expensive, but they are an effective option if you're looking to make a sizeable investment. Gold coins are smaller and less valuable, so they can be a more convenient option when you need to liquidate some of your investment.

There's an obvious downside though. You need to have a place to securely store your gold.

Compare bullion dealers to buy gold in Australia

8 of 8 results

Locations	Product types	Standard storage fees	Standard delivery fee	Available metals
Rush	Online	Allocated bullion	Gold: 0.6% p.a. Silver: 0.9% p.a.	N/A	Gold,Silver	Buy investment grade gold bullion at the click of a button. RushGold is a mobile gold dealing app that allows users to quickly buy, sell or gift physical gold bullion in seconds without any of the paperwork.	View details	loading
The Perth Mint		Bars	0% — 1% p.a.	$17.50 per kg	Gold	View details	loading
ABC bullion	Sydney,Perth,Online	Bars,Coins,Unallocated Bullion	1.5% p.a	$25 per kilogram + 1% insurance fee	Gold,Silver,Palladium,Bronze	View details	loading
Bullion Capital	Online	Bars,Coins	0.6% – 1% p.a	US$230-280	Gold,Silver	View details	loading
Ainslie Bullion	Brisbane,Online	Bars,Coins,Unallocated Bullion	$13/oz p.a.	Calculated on weight and location	Gold,Silver,Platinum	View details	loading
KJC	Sydney,Online	Bars,Coins,Collectables	$0 to $1 million - 0.75% pa	$30 + $1.95 per oz	Gold,Silver,Platinum,Palladium,Rhodium,Copper	View details	loading
Jaggards	Sydney,Online	Bars,Coins	$252 - $1018 for depending on size	Calculated on weight and location	Gold,Silver,Platinum,Palladium	View details	loading
Guardian Gold	Sydney,Melbourne,Online	Bars,Coins,Collectables	From $300 - $3,000 p.a. depending on size	Calculated on weight and location	Gold,Silver	View details	loading

Showing 8 of 8 results

Deciding where to buy gold

There are several options to consider when choosing where to buy gold, so make sure to keep the following in mind:

Location. There are several gold dealers around Australia, so the location of those dealers will influence your decision if you plan on buying gold in person.
Online options. Many online dealers allow you to conveniently buy gold bullion over the internet. As well as specialist dealers, you can also buy gold through marketplaces such as eBay and even arrange purchases through precious metal forums. However, as is always the case when spending money online, you'll need to make sure you know who you're dealing with – do some research to find out whether the seller is reputable and trustworthy.
How the gold was produced. You'll also need to find out where the dealer gets their gold from. Is it refined and produced by an established and recognised manufacturer?
Premiums and commissions. Read the fine print to find out what fees the dealer charges. Expect to pay a commission to the dealer, which is usually folded into the purchase price as well as an assay fee to check the purity of the gold and to verify its authenticity, but shop around for the best value.
Compare price to Australian gold price. Gold prices are commonly quoted in US dollars, so make sure you compare the price offered by a dealer with the current price of gold in Australian dollars.
Delivery. Find out how and when the gold will be transported to you or to its place of storage. Is it insured if anything goes wrong during the delivery process?

Storing your gold

Once you've purchased your gold, you'll also need to find a safe place to store it. There are several options to consider, including the following:

Bullion dealers. Many gold dealers will also offer a storage service where you can keep your gold bars or coins for a fee, so ask about the storage options available when you make your purchase.
Safety deposit boxes. You can rent a safety deposit box at a bank to securely store your gold bullion.
Secure vault storage. For high-level security, you may want to research vault storage companies near you and the storage options they offer.
At home. You can also choose to store your gold at home. This obviously may not be as secure as some other options, so you may want to get a home safe installed. You'll also need to update your home and contents insurance to make sure your precious metal is covered by your policy.

4. Invest in gold via the futures market

An alternative to buying gold stocks or units in an ETF is to speculate on gold price movements with derivatives. Gold futures are standardised contracts traded on an exchange, while gold CFDs (contracts for difference) are leveraged contracts you enter into directly with a CFD provider rather than on an exchange, often priced off gold futures. The brokers in the table below are CFD trading providers. CFD investors try to profit from gold price movements – whether up or down.

Again, you don't own the asset itself, but instead own contracts based on the price movement.

That means that even if gold prices are falling, CFD investors can still make a profit (as well as a loss). However, because CFDs are risky and are complex derivative products, CFDs are better suited to advanced traders.

You can read more about CFDs in our comprehensive guide.

Compare CFD brokers to trade gold futures

Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

20 of 26 results

Minimum Opening Deposit	Commission	Minimum Trade Size (Lots)	Platforms
Pepperstone Forex Trading (Razor Account)	AUD 0	$0	0.01	MetaTrader 4 MetaTrader 5 cTrader TradingView Pepperstone Trading Platform	Disclaimer: CFD Service. Your capital is at risk. Choose from a range of fee-free funding methods, plus multiple trading tools including Smart Trader Tools for MetaTrader and cTrader platforms.	Go to site View details Compare product selectionCompare	loading
Go Markets Forex Trading	AUD 0	$0		MetaTrader 4 MetaTrader 5 cTrader	Disclaimer: CFD Service. Your capital is at risk.	Go to site View details Compare product selectionCompare	loading
Vantage Forex Trading	AUD 50	$0	0.01	MetaTrader 4 MetaTrader 5 TradingView Vantage app Vantage Web Trading	Disclaimer: CFD Service. Your capital is at risk. Spreads start from 0.0 on major currency pairs like AUD/USD, EUR/USD, GBP/USD and more. Plus you can places trades and find global trends through the TradingView charts platform. Trade with our RAW account with just $1 per lot each side	View details Compare product selectionCompare	loading
FP Markets (Standard Account)	AUD 0	$0	0.01	MetaTrader 4 MetaTrader 5 cTrader TradingView IRESS Mottai Trader	Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits. Low minimum opening deposit, real-time news and pricing, and customisable alerts based on news or technical trading indicators.	Go to site View details Compare product selectionCompare	loading
Capital.com	AUD 20	$0	0	Capital.com web trading platform, Capital.com mobile trading app, MetaTrader 4, MetaTrader 5, TradingView	Disclaimer: CFD Service. Your capital is at risk.	View details Compare product selectionCompare	loading
Plus500 Forex Trading	AUD 100	$0		Plus500 Trading Platform	Disclaimer: CFD Service. Your capital is at risk. Minimum spreads of 0.01% for major currencies. Customers should visit Plus500's website for updated spreads in real time. Open an account and experience Plus500's easy-to-use proprietary trading platform, 24/7 online chat support and free real-time forex quotes.	View details Compare product selectionCompare	loading
CMC Markets	AUD 0	$0	0.01	CMC Markets Platform, MetaTrader 4, TradingView	Disclaimer: CFD Service. Your capital is at risk.	View details Compare product selectionCompare	loading
Mitrade Forex	AUD 50	$0	0.01	Mitrade Trading Platform	View details Compare product selectionCompare	loading
FOREX.com Forex Trading	AUD 150	$0	0.01	MetaTrader 4 At Pro Advantage Web	Disclaimer: CFD Service. Your capital is at risk. Choice of trading platforms, integrated Reuters news and device-synching so you can monitor trades across multiple devices.	View details Compare product selectionCompare	loading
OANDA Forex Trading	AUD 0	$0	0.01	MetaTrader 4, fxTrade	View details Compare product selectionCompare	loading
Blueberry Markets Forex Trading	USD 100	$0	0.01	MetaTrader4, MetaTrader5	Disclaimer: CFD Service. Your capital is at risk. Bottom of the market fees on forex, CFDs and commodities with 24/7 quality customer service.	View details Compare product selectionCompare	loading
Hantec Markets Australia	AUD 0	$0	0.01		View details Compare product selectionCompare	loading
Global Prime Forex	AUD 0	$0	0.01	MetaTrader 4 MetaTrader 5	View details Compare product selectionCompare	loading
eToro Forex Trading	USD 50	$0	0.01	eToro Trading Platform	Disclaimer: CFD Service. Your capital is at risk. Social trading, advanced charting tools, plus receive exclusive benefits through the eToro Club (membership is tiered based on the equity in your trading account).	View details Compare product selectionCompare	loading
ACY Securities Forex Trading	USD 50	$0	0.01	MetaTrader 4 MetaTrader 5 LogixTrader	Disclaimer: CFD Service. Your capital is at risk. Trade over 2,200 CFDs instruments across forex, shares, ETFs, indices, commodities, and cryptocurrency.	View details Compare product selectionCompare	loading
AvaTrade Forex Trading	AUD 100		0.01	MetaTrader4 MetaTrader5 AvaTradeAct web trading AvaOptions AvaTradeGO Automated Trading	Disclaimer: CFD Service. Your capital is at risk. Enjoy minimum spreads of 0.01% for major currencies pairs as well as gain access to trading crypto currency pairs through Avatrade.	View details Compare product selectionCompare	loading
ThinkMarkets Forex Trading	AUD 0	$0	0.01	MetaTrader4, MetaTrader5, ThinkTrader	Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits. Trade forex, commodities and CFDs using MetaTrader4/MetaTrader5 platforms or access advanced analysis tools through ThinkTrader.	View details Compare product selectionCompare	loading
Fusion Markets	AUD 0	$0	0.01	MT4, MT5, TradingView, cTrader	View details Compare product selectionCompare	loading
easyMarkets Forex Trading	AUD 200	$0		MetaTrader 4	View details Compare product selectionCompare	loading
Axi Forex	AUD 100	$0	0.01	MetaTrader4, MetaTrader4 Next Gen, Psyquation, AutoChartist, WebTrader, Axi-One ECN	Trading CFDs and forex on leverage is high-risk and losses could exceed your deposits. Axi uses the popular MT4 trading platform along with several free add-ons. Live chat, email and phone support available 24 hours a day, Monday to Friday. *Important:* Axi is undergoing a review by the Administrative Appeals Tribunal into a recent decision by ASIC to suspend its Australian financial services (AFS) licence. Until a final decision has been made by the Tribunal, AxiCorp can continue normal operations.	View details Compare product selectionCompare	loading

Showing 20 of 26 results

Why invest in gold?

Gold has a lot of benefits for investors, especially during more volatile periods.

Generally speaking, over a long enough time horizon gold appreciates in value, has universal recognition and can work as a hedge against inflation.

In fact, in some countries it is sill used as a form of currency and a gauge of wealth.

So gold can be used to protect and diversify your wealth.

However, just because gold has a proven track record, it comes with some risks, especially if you are trading CFDs.

Is gold a good investment?

This one is a little difficult to unpack and will all depend on your own risk profile and key objectives with investing.

While over a shorter period the price of gold can be incredibly volatile, take a long-term view and gold generally increases over time.

It also has a bonus of acting as a hedge against inflation.

So in high inflation times, like we experienced in 2022 and 2023, gold generally appreciates in value offsetting other losses.

But, gold can underperform the share market.

Gold has significantly underperformed shares in the US over a 100-year period.²

It is the same story over 5, 10 and 30 years, although if you take the last 20 years gold is beating the Dow Jones, largely thanks to 2 down periods for the market being the GFC and COVID.

Pros

Protect your wealth. Gold has long been seen as a reliable store of value that is largely unaffected by the factors that influence other investments. For example, when share prices plummet, the price of gold usually rises as investors look for somewhere "safe" to park their money.
Diversify your portfolio. Gold's "safe haven" status also makes it well worth considering if you're looking to diversify your investment portfolio and protect your overall financial position during a market downturn.
Easy to buy. Many dealers specialise in buying and selling gold, so getting your hands on this precious metal may be easier than you think.
It's a tangible asset. If global financial systems were to somehow collapse, such as what happened during the Great Depression, owning gold as a physical asset offers financial protection. Gold also can't be destroyed by fire or water damage and won't corrode over time.
Liquid. Gold is also easy to convert to cash whenever you need to do so.

Cons

Long-term returns may be lower. Gold is commonly seen as a steady investment, so it may not offer the same potential for big returns as other investments.
There are fees to consider. You'll need to factor additional costs such as dealer fees, delivery, storage, security and insurance into your calculations.
No ongoing income. Unlike owning property or shares, which can both provide an ongoing source of income in the form of rent and dividends respectively, gold doesn't provide regular income.

What is the best way for beginners to buy gold in Australia?

If you're just starting out the easiest way to buy gold in Australia is arguably through an ETF.

While some investors may prefer buying physical gold directly, this comes with additional costs and logistical issues.

If you're simply looking to get exposure to the price of gold for investment purposes, a low-cost ETF is likely to be the most straightforward option.

Frequently asked questions

Aside from purchasing gold as a physical commodity, there are a couple of other ways you can potentially make money from gold. For example, it's possible to invest in ETFs that track the price of gold or invest in gold mining companies. Of course, these options also come with a certain level of risk attached and there's no guarantee of making a profit.

Important information: Powered by Finder.com.au. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.

Thank you for your feedback!

Written by

Kylie Purcell

Investments Analyst

Add to Preferred Sources

Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

Kylie's expertise

Kylie has written 166 Finder guides across topics including:

Investment strategies
Financial platforms
Stockbrokers
Robo advisors
Exchange traded funds (ETFs)
Ethical investing
ASX stocks
Stock and forex markets

Co-written by

Thomas Stelzer

Journalist

Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

More resources on Finder

Ask a question

Click here to cancel reply.

Display name

Your email (will not be published)

Your question

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More guides on Finder

HALO Trading review for Australians
Explore our comprehensive review of HALO Trading's features and fees for Australian traders.
Webull Australia review
Webull is a broker with zero-commission trading and a suite of tools to help you invest.
Tiger Brokers Australia review
If you're thinking of trading stocks with Tiger Brokers, check out our review of this online broker's fees, safety and pros and cons first.
Pearler review
Is online broker Pearler the right choice for you? Find out in this guide to Pearler’s fees and features.
How to sell shares in Australia
Here's all the key information you need to know to sell shares you inherited or received as a gift.
moomoo Australia review
Gain access to the US and Australian markets for less through moomoo share trading accounts.
Interactive Brokers Australia review
Earn interest on your cash balance and enjoy competitive brokerage fees from just $5 with Interactive Brokers.
IG share trading platform review
IG share trading provides access to more than 13,000 stocks on Australian and international markets and is backed by low commissions and 24-hour support.
CMC Invest review for Australia
CMC Invest account features brokerage from as low as $9.90 and a host of research and market data options.
CommSec review: CommSec share trading account
Learn about online share trading with CommSec and what your options are in this review.

How to buy gold in Australia

You can invest in gold via stocks or an exchange traded fund, as well as buy physical gold in Australia.