Gold Price in Australia by Year
In 2025 an ounce of gold cost about 13 days of work at average Australian earnings (A$2,031 per week), against 5.1 days in 2013. Since 1975, gold has risen 7.8% a year in Australian dollars against inflation of 4.5% a year. Gold averaged A$5,363 an ounce in 2025.
Days of work to buy an ounce of gold, 2013–2025
full-time adult average weekly ordinary time earningsHas Gold Beaten Inflation in Australia?
Yearly average gold price in AUD against Australian consumer prices (CPI), compound rate a year.
| Period | Gold (per year) | Inflation (per year) | Gold after inflation, whole period |
|---|---|---|---|
| 10 years · 2015–2025 | 13.3% | 2.9% | +163% |
| 20 years · 2005–2025 | 11.7% | 2.7% | +435% |
| 30 years · 1995–2025 | 8.1% | 2.7% | +371% |
| 40 years · 1985–2025 | 6.4% | 3.3% | +225% |
| 50 years · 1975–2025 | 7.8% | 4.5% | +388% |
Gold's yearly average rose less than prices in 21 of 54 years since 1972: long stretches without a real gain (for example 1980–2001) are part of the record.
Gold Price by Year in AUD
Per troy ounce. "2025 money" adjusts each year's average for inflation. Converted at each day's exchange rate from 2000 and the yearly average before.
| Year | Average | Year-end | Change | Inflation | In 2025 money | Days of work |
|---|---|---|---|---|---|---|
| 2026to date | A$6,443 | A$5,698 | +20.1% | — | — | — |
| 2025 | A$5,363 | A$6,481 | +47.2% | 2.8% | A$5,363 | 13 |
| 2024 | A$3,644 | A$4,246 | +23.7% | 3.2% | A$3,748 | 9.3 |
| 2023 | A$2,945 | A$3,035 | +13.3% | 5.6% | A$3,125 | 7.9 |
| 2022 | A$2,599 | A$2,699 | +8.5% | 6.6% | A$2,911 | 7.3 |
| 2021 | A$2,396 | A$2,522 | −6.9% | 2.9% | A$2,861 | 6.9 |
| 2020 | A$2,573 | A$2,465 | +28.2% | 0.9% | A$3,161 | 7.5 |
| 2019 | A$2,006 | A$2,170 | +18.3% | 1.6% | A$2,486 | 6.1 |
| 2018 | A$1,696 | A$1,815 | +3.4% | 1.9% | A$2,134 | 5.3 |
| 2017 | A$1,641 | A$1,676 | −2.3% | 1.9% | A$2,105 | 5.3 |
| 2016 | A$1,679 | A$1,591 | +8.9% | 1.3% | A$2,195 | 5.5 |
| 2015 | A$1,541 | A$1,456 | +9.8% | 1.5% | A$2,041 | 5.2 |
| 2014 | A$1,404 | A$1,447 | −3.4% | 2.5% | A$1,887 | 4.8 |
| 2013 | A$1,454 | A$1,348 | −9.8% | 2.4% | A$2,003 | 5.1 |
| 2012 | A$1,611 | A$1,595 | +5.8% | 1.7% | A$2,274 | — |
| 2011 | A$1,523 | A$1,510 | +14.3% | 3.4% | A$2,187 | — |
| 2010 | A$1,332 | A$1,384 | +8.0% | 2.9% | A$1,977 | — |
| 2009 | A$1,234 | A$1,211 | +19.3% | 1.8% | A$1,884 | — |
| 2008 | A$1,035 | A$1,233 | +24.7% | 4.3% | A$1,608 | — |
| 2007 | A$829 | A$954 | +4.0% | 2.4% | A$1,345 | — |
| 2006 | A$797 | A$801 | +36.7% | 3.5% | A$1,324 | — |
| 2005 | A$583 | A$673 | +4.9% | 2.7% | A$1,003 | — |
| 2004 | A$556 | A$591 | −0.2% | 2.3% | A$981 | — |
| 2003 | A$557 | A$638 | −2.3% | 2.8% | A$1,006 | — |
| 2002 | A$571 | A$639 | +8.8% | 3.0% | A$1,059 | — |
| 2001 | A$524 | A$535 | +9.3% | 4.4% | A$1,003 | — |
| 2000 | A$480 | A$472 | +11.2% | 4.5% | A$958 | — |
| 1999 | A$432 | A$450 | −7.6% | 1.5% | A$900 | — |
| 1998 | A$467 | A$457 | +5.0% | 0.9% | A$989 | — |
| 1997 | A$445 | A$390 | −10.1% | 0.3% | A$949 | — |
| 1996 | A$495 | A$472 | −4.5% | 2.6% | A$1,059 | — |
| 1995 | A$519 | A$522 | −1.2% | 4.6% | A$1,138 | — |
| 1994 | A$525 | A$524 | −0.8% | 1.9% | A$1,206 | — |
| 1993 | A$529 | A$576 | +13.2% | 1.8% | A$1,239 | — |
| 1992 | A$468 | A$453 | +0.6% | 1.0% | A$1,114 | — |
| 1991 | A$465 | A$454 | −5.3% | 3.2% | A$1,119 | — |
| 1990 | A$491 | A$495 | +2.1% | 7.3% | A$1,220 | — |
| 1989 | A$481 | A$503 | −13.6% | 7.5% | A$1,282 | — |
| 1988 | A$557 | A$523 | −12.5% | 7.3% | A$1,596 | — |
| 1987 | A$637 | A$690 | +16.1% | 8.5% | A$1,956 | — |
| 1986 | A$549 | A$579 | +21.1% | 9.1% | A$1,829 | — |
| 1985 | A$453 | A$467 | +10.6% | 6.8% | A$1,648 | — |
| 1984 | A$410 | A$351 | −12.7% | 3.9% | A$1,591 | — |
| 1983 | A$470 | A$424 | +27.2% | 10.1% | A$1,895 | — |
| 1982 | A$369 | A$449 | −7.7% | 11.2% | A$1,639 | — |
| 1981 | A$400 | A$346 | −25.8% | 9.6% | A$1,976 | — |
| 1980 | A$539 | A$518 | +97.8% | 10.2% | A$2,919 | — |
| 1979 | A$273 | A$458 | +61.2% | 9.1% | A$1,626 | — |
| 1978 | A$169 | A$198 | +26.8% | 8.0% | A$1,100 | — |
| 1977 | A$133 | A$149 | +30.6% | 12.3% | A$937 | — |
| 1976 | A$102 | A$110 | −17.0% | 13.3% | A$806 | — |
| 1975 | A$123 | A$107 | +11.4% | 15.2% | A$1,100 | — |
| 1974 | A$110 | A$130 | +60.2% | 15.2% | A$1,137 | — |
| 1973 | A$68.94 | A$79.11 | +41.2% | 9.3% | A$818 | — |
| 1972 | A$48.84 | A$54.43 | +35.9% | 6.0% | A$634 | — |
| 1971 | A$35.93 | A$38.40 | +11.3% | 6.0% | A$494 | — |
| 1970 | A$32.28 | A$33.57 | — | 3.7% | A$471 | — |
FAQ
Gold Price in Australia by Year
In 2025 an ounce of gold cost about 13 days of work at average Australian earnings (A$2,031 per week), against 5.1 days in 2013. Since 1975, gold has risen 7.8% a year in Australian dollars against inflation of 4.5% a year. Gold averaged A$5,363 an ounce in 2025.
What was the price of gold in Australia in 1970?
About A$32.28 an ounce on average (year-end A$33.57), or about A$471 in 2025 money after inflation.
What was the price of gold in Australia in 1980?
About A$539 an ounce on average (year-end A$518), or about A$2,919 in 2025 money after inflation.
What was the price of gold in Australia in 1990?
About A$491 an ounce on average (year-end A$495), or about A$1,220 in 2025 money after inflation.
What was the price of gold in Australia in 2000?
About A$480 an ounce on average (year-end A$472), or about A$958 in 2025 money after inflation.
What was the price of gold in Australia in 2010?
About A$1,332 an ounce on average (year-end A$1,384), or about A$1,977 in 2025 money after inflation.
What was the price of gold in Australia in 2020?
About A$2,573 an ounce on average (year-end A$2,465), or about A$3,161 in 2025 money after inflation. That was 7.5 days of work at average earnings.
Has gold beaten inflation in Australia?
Over 10 years (2015–2025): gold 13.3% a year vs inflation 2.9% a year. Over 20 years (2005–2025): gold 11.7% a year vs inflation 2.7% a year. Over 30 years (1995–2025): gold 8.1% a year vs inflation 2.7% a year. Over 40 years (1985–2025): gold 6.4% a year vs inflation 3.3% a year. Over 50 years (1975–2025): gold 7.8% a year vs inflation 4.5% a year. But not every year: gold's yearly average rose less than prices in 21 of 54 years since 1972, including long stretches in the 1980s and 1990s.
How is "days of work" calculated?
The yearly average gold price in AUD divided by one day's earnings (average weekly earnings divided by five): full-time adult average weekly ordinary time earnings. It is before tax, and an average: many people earn less or more.
See also: gold price in Australia today · gold adjusted for inflation · gold in India by year · what happens to gold after Fed decisions.