GST on Gold in Australia
Investment gold of at least 99.5% purity carries no GST for buyers. Gold jewellery carries 10% GST on the full price. Today 10 grams of 24K gold cost $1,773 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Australia today, with tax
AUD · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 18K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | $177.28 | $177.28 | $146.26 |
| 10 grams | $1,773 | $1,773 | $1,463 |
| 1 ounce | $5,514 | $5,514 | $4,549 |
| 100 grams | $17,728 | $17,728 | $14,626 |
| 1 kilo | $177,281 | $177,281 | $146,257 |
The rules in Australia
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | Investment gold of at least 99.5% purity carries no GST for buyers. Gold at least 99.5% fine in investment form: a bar, wafer or bullion coin bearing an accepted mark of fineness and traded at a price based on spot. The first sale after refining to a dealer is GST-free and later sales are input-taxed. Proof, collector and numismatic coins, and lower-purity coins such as Krugerrands, carry 10% GST when sold by a registered business. |
| Proof, collector and sub-99.5% coins | 10% | |
| Jewellery | 10% | Gold jewellery carries 10% GST on the full price. Charged on: full value. |
| Import duty | 0% | No import duty is built into local bullion prices; Australia is a major gold producer and refiner (Perth Mint). Imported jewellery generally pays 5% duty unless a trade agreement applies. |
| Tourist refund | Yes | The Tourist Refund Scheme refunds GST on goods worth AUD 300 or more (GST-inclusive) from one business (same ABN), bought within 60 days of departure and carried as hand luggage or worn. The refund is the full GST, 1/11 of the price (about 9.1%), with no government fee. Australians leaving the country can claim too. |
GST on Gold in Australia: FAQ
Is there GST on gold in Australia?
Investment gold of at least 99.5% purity carries no GST for buyers. Gold jewellery carries 10% GST on the full price.
Do you pay GST on gold bars and coins in Australia?
Investment gold of at least 99.5% purity carries no GST for buyers. Gold at least 99.5% fine in investment form: a bar, wafer or bullion coin bearing an accepted mark of fineness and traded at a price based on spot. The first sale after refining to a dealer is GST-free and later sales are input-taxed. Proof, collector and numismatic coins, and lower-purity coins such as Krugerrands, carry 10% GST when sold by a registered business. Proof, collector and sub-99.5% coins: 10%.
Is there import duty on gold in Australia?
No import duty is built into local bullion prices; Australia is a major gold producer and refiner (Perth Mint). Imported jewellery generally pays 5% duty unless a trade agreement applies.
Can tourists claim back the GST on gold in Australia?
Yes. The Tourist Refund Scheme refunds GST on goods worth AUD 300 or more (GST-inclusive) from one business (same ABN), bought within 60 days of departure and carried as hand luggage or worn. The refund is the full GST, 1/11 of the price (about 9.1%), with no government fee. Australians leaving the country can claim too.
Sources (2)
- ATO: GST Ruling GSTR 2003/10, precious metals (2003 (current))
- ATO: Tourist Refund Scheme (2022-04-22)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.