Is gold GST-free in Australia?

Yes. Investment-grade gold (99.5% pure or better) is exempt from GST in Australia. The Perth Mint's investment-grade products and bars meeting this purity threshold are GST-free. However, capital gains tax applies to profits on gold sales, with assets held longer than 12 months receiving a 50% CGT discount. Consult a tax advisor for your specific circumstances.

What is the best gold coin to buy in Australia?

The Gold Kangaroo (also called Gold Nugget) is Australia's iconic coin—24k pure gold with an annual design change. Produced by the Perth Mint, it is GST-free, widely traded, and recognised globally. Alternatively, the Gold Britannia and Gold Maple Leaf offer excellent liquidity for Australian buyers seeking international diversity.

Where can I buy gold in Australia?

The Perth Mint is the most trusted source—government-guaranteed bullion with online and Perth-based sales. ABC Bullion (Sydney) is a major online and retail dealer. Gold Stackers (Melbourne) offers competitive pricing online. Local coin shops in Melbourne, Sydney, and Brisbane provide personal service. Always verify dealer credentials before purchasing.

Country guide

How to buy gold in Australia

Australia's gold market is anchored by the Perth Mint, which offers government-guaranteed bullion and allocated storage. GST exemption on investment-grade gold and competitive CGT treatment (with the 50% discount for long-term holdings) make Australia an attractive market for gold investors. This guide covers the main dealers, products, and tax considerations.

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Where to buy gold in Australia

Perth Mint (direct): Australia's official mint and one of the world's largest gold refiners. Offers direct sales of coins and bars online and in Perth. Government-guaranteed storage available. Highest trust level.
ABC Bullion (Sydney): Major Australian dealer with retail shop in Sydney and extensive online presence. Competitive pricing, wide product selection, and allocated storage in Sydney.
Gold Stackers (Melbourne): Online-focused dealer with competitive pricing and reliable service. Covers most of Australia.
Local coin shops: Established dealers in Melbourne, Sydney, and Brisbane offer personal service and immediate delivery.

Best gold products for Australian buyers

Gold Kangaroo / Nugget (24k/999.9 fine): Australia's flagship investment coin, produced annually with a unique design. GST-free, highly liquid, and globally recognised. Contains 1 troy ounce of pure gold. Premiums typically 3–5%.
Perth Mint Certigold bars (assay card): Official bars with low premium (2–3%), high liquidity, and Perth Mint backing. Includes assay card verifying weight and purity.
Gold Philharmonic and Maple Leaf: For diversification, these internationally-recognised coins offer excellent liquidity in Australian markets while providing exposure to other regions' iconic coins.

GST on gold

Investment-grade gold in Australia receives favourable GST treatment, making it cost-effective compared to other precious metals:

GST exemption: Gold that is 99.5% pure or better is exempt from GST. This includes the Perth Mint's Kangaroo coins, Certigold bars, and most investment-grade bullion products.
Products subject to GST: Jewellery (regardless of purity) is subject to GST. Collectible coins and numismatic items may also attract GST depending on classification.
Buyer advantage: GST exemption means you pay only the dealer's markup. Compare this to silver, which is subject to 10% GST, making gold more cost-effective.

Always confirm GST status before purchasing. Dealers should clearly state whether each product is GST-free or taxable.

Capital gains

While investment-grade gold is GST-free, profits on sales are subject to Australian Capital Gains Tax (CGT):

50% CGT discount: Assets held for more than 12 months receive a 50% discount on capital gains. This means only half the gain is included in taxable income. For higher-income earners, the effective rate is approximately 23.5%.
Short-term holdings: Gold sold within 12 months is subject to CGT at your full marginal tax rate (up to 45% for top earners).
Reporting: You must report all gold sales and capital gains on your tax return. Maintain detailed records of purchase price, date, and sale price.

Consult a tax advisor for your specific situation, as CGT depends on your income level, holding period, and other investments.

Storage

Perth Mint allocated and unallocated storage: Government-guaranteed storage in Perth. Allocated storage means specific bars are held in your name; unallocated storage pools your gold. Fees apply but provide maximum security.
ABC Bullion storage (Sydney): Insured, segregated storage in Sydney. Professional management for large holdings.
Home safe: Maximum convenience but requires security and insurance verification. Confirm your home insurance covers precious metals storage.

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