Gold up 0.7%, silver up 0.2% in Australian dollars as dollar firms
Published 11 October 2026
Gold rose 1.3% in US dollars and silver rose 0.7%. The Australian dollar strengthened 0.5% against the US dollar, with A$1 buying 69.46 US cents at the start of the week and 69.81 US cents at the end. A stronger Australian dollar lowers the Australian price of metal priced in US dollars, so gold rose a smaller 0.7% in Australian dollars and silver rose 0.2%. Gold now sits at A$6,007.87 an ounce and silver at A$87.12 an ounce.
A premium is what a buyer pays above the value of the metal itself. For the week, the median premium on 1oz gold bars rose from 3.2% to 3.4%, while 1oz gold coins fell from 5.3% to 5.0%. Among silver, 1oz coins fell from 19.0% to 17.4%, 10oz bars rose from 14.6% to 14.7%, and 1kg bars rose from 9.8% to 9.9%.
| Sun 4 Oct | Sun 11 Oct | Change | |
|---|---|---|---|
| 1 AUD buys, in US cents | 69.46c | 69.81c | +0.5% |
| Gold, USD per oz | 4,142.33 | 4,194.35 | +1.3% |
| Gold, AUD per oz | 5,963.83 | 6,007.87 | +0.7% |
| Silver, USD per oz | 60.38 | 60.82 | +0.7% |
| Silver, AUD per oz | 86.93 | 87.12 | +0.2% |
The Australian dollar price is calculated by converting the US dollar price at the current exchange rate. At the end of the week, USD 4,194.35 divided by 0.698143 gives AUD 6,007.87 for gold. When the Australian dollar strengthens against the US dollar, the same US dollar price converts to fewer Australian dollars. When it weakens, it converts to more.
| Size | Fri 2 Oct | Fri 9 Oct | Change |
|---|---|---|---|
| Gold spot, AUD per oz | 5,964.31 | 6,004.94 | +0.7% |
| 1oz gold bars | 3.2%~6,155 AUD | 3.4%~6,207 AUD | +0.2 pts |
| 1oz gold coins | 5.3%~6,277 AUD | 5.0%~6,304 AUD | -0.3 pts |
| Silver spot, AUD per oz | 86.93 | 87.08 | +0.2% |
| 1oz silver coins | 19.0%~103 AUD | 17.4%~102 AUD | -1.6 pts |
| 10oz silver bars | 14.6%~996 AUD | 14.7%~998 AUD | +0.1 pts |
| 1kg silver bars | 9.8%~3,068 AUD | 9.9%~3,077 AUD | +0.1 pts |
Spot prices are from our hourly records, in US dollars with the exchange rate stored alongside, so the Australian dollar price can be split into the metal and the currency. Premiums are the median across the dealers we track, as charted on each size page. This is information, not financial advice.
All Market Notes Gold and silver price charts Compare premiums