Gold Bullion in Melbourne
Melbourne has bullion dealers in the CBD and online. Compare premiums over spot.
Updated . Edited by: Ilyass Ben Hakim.
Where to buy
- Search AmazonLive search · amazon.com
- Ainslie Bullion MelbourneOfficial site · ainsliebullion.com.au
- Find bullion dealers in MelbourneLive search · google.com.au
- Google Shopping AustraliaLive search · google.com.au
Most Melbourne bullion dealers sit around Collins Street and the CBD. Many also sell online with insured delivery or showroom pickup.
Jewellers sell gold jewellery, which carries a large making charge. For investment, bars and bullion coins cost less over the metal value.
Professional insight
Bullion buyers compare the premium over spot and the dealer's buyback price. The gap is the real cost.
- Small 1g and 5g bars carry the highest premiums.
- LBMA accredited refiners resell more easily.
- Keep the assay card sealed; opened cards can lower buyback.
- Ask whether the quoted price is locked or live.
Check the label
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Types
| Form | Good for | Trade off |
|---|---|---|
| Minted bars | Low premium per gram | Damaged packing hurts resale |
| Cast bars | Larger sizes, lowest premium | Rougher finish, no card |
| Bullion coins | Easy to recognise and sell | Higher premium than bars |
| Gold jewellery | Wearing | Labour cost lost on resale |
Red flags
- Prices well below the live spot price.
- Private sellers who refuse to meet at a dealer.
- Bars with no refiner mark or serial.
- Pressure to pay cash or crypto fast.
- Storage offers with no audit or insurance details.
Melbourne gold buying rules
Australian dealers must verify ID for larger purchases under AML rules. Bring photo ID and expect cash limits.
Investment gold of 99.5% purity or more is GST free here. Jewellery carries GST.
Storage
- Check your home contents policy covers bullion.
- A bank or private vault adds yearly fees.
- Keep receipts and certificates apart from the gold.
- Handle bars by the edges or with gloves.
Common questions
- Can I sell gold back in Melbourne?
- Yes. Most dealers run buybacks at a price below their sell price.
- Is Perth Mint gold sold in Melbourne?
- Yes, through dealers. The Perth Mint itself is in Western Australia.
- Are coins or bars better?
- Bars cost less per gram. Coins are easier to sell in small amounts.