Gold up 7.6%, silver up 8.3% in Australian dollars
Published 7 November 2026
Gold rose 5.1% in US dollars this week and silver rose 5.7%. The Australian dollar weakened 2.4% against the US dollar: A$1 bought 70.32 US cents at the start of the week and 68.67 US cents at the end. A weaker Australian dollar raises the Australian price of metal priced in US dollars, so gold rose 7.6% in Australian dollars and silver rose 8.3%. Spot is now A$5,929.59 an ounce for gold and A$75.65 an ounce for silver.
A premium is what a buyer pays above the value of the metal itself. Median premiums rose this week on every size in this note. For gold, 10g bars went from 10.2% to 11.4%, 1oz bars from 3.3% to 3.5%, 100g bars from 2.9% to 3.3%, 10oz bars from 3.0% to 3.7%, 1/2oz coins from 6.8% to 7.2% and 1oz coins from 5.2% to 5.5%. For silver, 1oz bars went from 14.7% to 14.9%, 1oz coins from 20.0% to 20.8%, 10oz bars from 15.2% to 16.4% and 1kg bars from 10.7% to 11.1%.
| Sat 31 Oct | Sat 7 Nov | Change | |
|---|---|---|---|
| 1 AUD buys, in US cents | 70.32c | 68.67c | -2.4% |
| Gold, USD per oz | 3,875.65 | 4,071.67 | +5.1% |
| Gold, AUD per oz | 5,511.68 | 5,929.59 | +7.6% |
| Silver, USD per oz | 49.14 | 51.94 | +5.7% |
| Silver, AUD per oz | 69.88 | 75.65 | +8.3% |
The Australian dollar price is calculated by converting the US dollar price at the current exchange rate. At the end of the week, USD 4,071.67 divided by 0.68667 gives AUD 5,929.59 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 30 Oct | Fri 6 Nov | Change |
|---|---|---|---|
| Gold spot, AUD per oz | 5,643.91 | 5,906.79 | +4.7% |
| 10g gold bars | 10.2%~1,999 AUD | 11.4%~2,115 AUD | +1.2 pts |
| 1oz gold bars | 3.3%~5,829 AUD | 3.5%~6,115 AUD | +0.2 pts |
| 100g gold bars | 2.9%~18,675 AUD | 3.3%~19,608 AUD | +0.4 pts |
| 10oz gold bars | 3.0%~58,149 AUD | 3.7%~61,259 AUD | +0.7 pts |
| 1/2oz gold coins | 6.8%~3,014 AUD | 7.2%~3,167 AUD | +0.4 pts |
| 1oz gold coins | 5.2%~5,935 AUD | 5.5%~6,232 AUD | +0.3 pts |
| Silver spot, AUD per oz | 71.41 | 75.62 | +5.9% |
| 1oz silver bars | 14.7%~82 AUD | 14.9%~87 AUD | +0.2 pts |
| 1oz silver coins | 20.0%~86 AUD | 20.8%~91 AUD | +0.8 pts |
| 10oz silver bars | 15.2%~823 AUD | 16.4%~880 AUD | +1.2 pts |
| 1kg silver bars | 10.7%~2,542 AUD | 11.1%~2,701 AUD | +0.4 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.
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