Gold has long been known as a reliable means of storing value. If you are living in Brisbane and thinking of cashing out your gold, understanding how gold prices work will be helpful for a fair deal.
Our all-inclusive guide will walk you through all the facts you need to know to sell your gold in Australia with confidence.
Read on.
What Drives Gold Prices?
Gold rates in Australia or globally fluctuate every minute, every second, like the stock market price. Here’s why.
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Global Economy: When inflation increases or the economy appears to be uncertain, people look to gold. This increases demand, which increases the price. During strong economies, the price may fall.
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World Events: Wars, politics, or global uncertainties tend to raise the price of gold. People consider gold to be a safe investment for their funds.
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Currency Fluctuations: Gold is traded globally at a single benchmark price, quoted in troy ounces, with the final value differing by country only because of currency exchange rates and local market costs. When the Australian dollar falls, the gold price per gram in Australia rises. This becomes an ideal phase for people to sell their gold.
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Demand and Supply: The level of gold mining and the demand from other countries, such as India and China, also affect the price of gold. A lower supply or higher demand often results in higher prices.
What the spot price actually means
The spot price is simply the live market price for one troy ounce of pure gold or silver. It is determined by major international trading markets, primarily London and COMEX, where precious metals are traded nearly 24/7. The price of precious metals keeps moving with demand and supply, as well as developments in the global economy.
Why does the spot price keep moving?
The prices of precious metals like gold and silver respond to market dynamics, including Central bank decisions, inflation data, AUD/USD exchange rates, global uncertainty, geopolitical tensions, investor sentiment, and more.
Once the global price is set, Australian dealers convert it to AUD at the current exchange rate. That’s why the gold spot price in Australia can change even if the metal itself hasn’t moved much: the Australian dollar shifts, and suddenly your metal is worth more or less.
Factors That Determine the Price Of Your Gold
Do you have gold in scrap pieces, jewellery, or bullion? Whatever be the form of your gold, its worth will always be based on two aspects, i.e., purity and weight. Let’s read on to understand these two terms.
1. Purity
Gold purity indicates the percentage of gold content in any item. Most jewellery is not purely made of gold. Gold is mixed with different materials to make it tougher, since gold is a soft metal by nature.
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24K is pure gold
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22K has a very high purity
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18K is prevalent in jewellery
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14K contains less gold, yet its value is not diminished.
The higher the gold content, the more its value increases. Thus, you receive more money based on the purity of your gold item.
Example: If two rings both weigh 10 grams, but one is 22K, and the other is 14K, the 24K ring will pay more because it contains more real gold. This clearly explains the relationship between gold purity and price.
2. Weight
Gold can be weighed in different units depending on the market. In Australia and most global markets, gold prices are quoted in troy ounces, while in countries like India, gold is more commonly measured and sold by the gram. Even the slightest variations in weight are significant. This is why reputable buyers are known to weigh your gold in your presence.
How Purity Affects Value
To make this simple, let’s assume pure gold (24K) is valued at AUD $10,000 per 100 grams.
Lower purity means less real gold, so the value reduces accordingly. Below is a table showing the value of the same weight of gold based on different levels of gold purity.
|
Gold Purity |
Gold Content |
Example Value per 100g (AUD) |
|
24K (99.9%) |
Almost pure gold |
$10,000 |
|
22K (91.6%) |
Very high gold content |
$9,160 |
|
18K (75%) |
Common jewellery gold |
$7,500 |
|
14K (58.5%) |
Lower gold content |
$5,850 |
|
10K (41.7%) |
Much lower gold content |
$4,170 |
How Cash Your Gold Values Your Items
At Cash Your Gold, our gold assessment process is open, clear, and easy to follow.
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First, your gold is tested for purity using professional XRF technology. This is a non-invasive testing method that safely scans your item using lower-level X-rays to measure exactly how much real gold it contains, without cutting, scratching, or damaging it in any way.
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Next, your item is weighed on calibrated digital scales for accuracy.
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Lastly, the gold value is then worked out using:
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The current live gold price
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The purity of your gold
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The results of your gold weight calculation
At Cash Your Gold, our staff performs and explains all the steps clearly before you decide whether to sell. We support you in making an informed decision, without any pressure or obligation.
Jewellery vs Bullion: What Pays You Better?
When selling gold, it is important to know that not all gold is valued equally. Variations exist based on the type of gold. The greatest variation can be seen between gold jewellery and gold bullion.
What is Gold Jewellery?
Gold jewellery consists of rings, necklaces, bangles, bracelets, earrings, and other jewellery that people wear as ornaments. This jewellery is made by combining gold with other metals to make it stronger. Pure 24K gold is very soft by nature, so if it were used on its own, jewellery would bend, scratch, and lose its shape easily. That’s why most jewellery is made in 14K or 18K rather than 24K. This is the reason why most jewellery sold is 14K, 18K, and not 24K, as it is not pure gold.
When people buy jewellery, it’s worth only for the gold it contains. The design, the brand, and the value associated with it do not necessarily contribute to increasing the price. The stones, clasps, and anything made out of gold are taken out for it to be weighed.
What Is Gold Bullion?
Gold bullion refers to gold bars as well as gold coins minted for investment purposes. Such gold is normally 24K or 99.99% pure gold.
The fact is that bullion is both pure and standardised. That is why it is so easy to price. It is for this reason that gold bars and coins are normally sold at a price as close to the current rate as possible.
Why the Payout is Different
Gold jewellery contains less gold than bullion, besides the fact that it requires further refining for recycling. Hence, the rate of jewellery is normally lower than the rate of gold bars or gold coins, even when they are equal in weight.
At Cash Your Gold, our staff clearly explains the expectations so that the selling procedure can take place with ease.
How to Get the Best Price for Your Gold in Brisbane
Gold buyers in Brisbane offer a range of gold refining services. A few easy tips go a very long way.
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Check live gold prices before selling.
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Know your gold’s Karat and Weight.
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Quotes can be compared for reassurance.
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Don’t rush unless you need money urgently.
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Knowledge will always put you in control.
What Selling Gold with Cash Is Like
The experience is designed to be simple.
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Your gold is tested and weighed in front of you.
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You receive a clear explanation and an instant offer.
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If you accept, you’re paid straight away.
To sell your gold or silver bullion, you’ll need a photo ID (driver’s license or passport) and proof of address for a secure transaction. Do check our document requirements section to ensure a hassle-free gold swelling experience.
Final Thoughts
Selling gold shouldn’t feel stressful or confusing. Once you understand how pricing works, it becomes a confident decision. Gold has real value, and knowing how that value is calculated helps you make the most of it.
At Cash Your Gold, Brisbane sellers get honest valuations, clear explanations, and fast payment. No pressure. No hidden surprises. Just a straightforward way to turn gold into cash.
📞 Call: 1300 678 175
🌐 Website: cashyourgold.net.au
Or Visit
1. Chermside (North Brisbane)
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Address: Suite 5, 832 Gympie Rd, Chermside, QLD 4032
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Phone: 07 49 390 234
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Email: info@cashyourgold.net.au
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Hours: Mon–Fri: 9:00 AM – 5:00 PM; Sat: 10:00 AM – 4:00 PM
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Details: Located opposite Westfield Chermside, with parking available behind the building and easy access via Hamilton Road.
2. Sunnybank (South Brisbane)
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Address: 6/409 Mains Rd, Macgregor, QLD 4109
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Phone: 07 2142 6862
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Email: info@cashyourgold.net.au
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Hours: Mon–Fri: 9:00 AM – 5:00 PM; Sat: 10:00 AM – 4:00 PM
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Details: Conveniently located in the heart of Sunnybank, easily accessible for residents.
3. Brownsplains (South-West Brisbane)
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Address: Unit 3/3376 Mount Lindesay Hwy, Regents Park, QLD 4118
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Phone: 07 2142 6482
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Email: info@cashyourgold.net.au
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Hours: Mon–Fri: 9:00 AM – 5:00 PM; Sat: 10:00 AM – 4:00 PM
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Details: Situated along the Mount Lindesay Highway, this location serves the south-western suburbs of Brisbane.
FAQs
How is gold priced?
Gold prices are based on the global spot price, adjusted for purity, weight, and standard dealer margins.
Do gold prices change often?
Yes. Prices can change several times a day based on global markets.
Is bullion better to sell than jewellery?
Usually yes. Bullion is purer and easier to value. Bullion coins and bars are made specifically for investment, so they’re usually much purer, often 99.9% gold (24K). That makes them simple to value.
Can I negotiate the price?
You can always ask questions to our staff at the Cash Your Gold store. Knowing the market helps you feel confident in the offer.
Is selling gold in Brisbane safe?
Yes, as long as you choose licensed, reputable dealers like Cash Your Gold, you’ll have a hassle-free experience and get the right price for your gold. We are Queensland Government Licensed 2nd hand Gold dealers who ensure you walk out with a fair and confident transaction.
