Australia’s Gold Market Outlook 2025–2026: Record Demand, Rising Prices & Selling Guide

Gold has long been woven into the fabric of Australia’s identity — from the historic gold rushes of the 1850s that transformed the nation to its current status as one of the world’s premier gold producers. Today, Australia remains a powerhouse in the global gold market, consistently ranking among the top producers while benefiting from record-high prices. The spot gold price in Australian dollars is currently hovering around AUD $6,340 per ounce, driven by a USD price exceeding $4,000/oz and a relatively softer AUD/USD exchange rate around 0.65.
J.P. Morgan forecasts an average of $5,055/oz by Q4 2026.

This surge isn’t fleeting. Major institutions are overwhelmingly bullish:

• Bank of America sees $5,000/oz in 2026.
• Goldman Sachs targets $4,900/oz by December 2026.
• HSBC predicts a potential “bull wave” to $5,000/oz.

These forecasts are substantiated by persistent global inflation, unprecedented central bank buying (on track for another ~1,000 tonnes in 2025), geopolitical tensions, and a shift towards sustainable and recycled gold.

For everyday Australians holding jewellery, bullion, coins, or scrap gold — whether in Brisbane, Sydney, Melbourne, Perth, or regional areas — the coming 12-18 months could represent one of the most lucrative windows in decades to sell gold bullion in Brisbane, sell gold coins in Brisbane, sell scrap gold, or consider selling gold jewellery for cash. This expanded guide dives deep into the trends shaping the market, backed by the latest data, to help you make informed decisions.

Why 2026 Marks a Potential Peak for Gold Sellers in Australia?

Multiple converging forces are creating what analysts describe as a “perfect storm” for higher gold prices:

Lingering Global Inflation and Economic Uncertainty

Despite efforts by central banks to tame it, inflation remains sticky in major economies. In the US, UK, and EU, core inflation hovers above targets, eroding purchasing power and pushing investors towards hard assets. Gold’s historical role as an inflation hedge is proven: during the 1970s inflationary period, gold rose by over 2,000%. Today, with public debt levels at all-time highs and fears of currency debasement, gold is reclaiming its status as “real money”.

Record Central Bank Purchases

Central banks added another ~19 tonnes net in August 2025 alone, with emerging markets leading the charge. Poland, Kazakhstan, Azerbaijan, and others continue aggressive accumulation for diversification away from USD assets. Since 2022, purchases have exceeded 1,000 tonnes annually — more than double the prior decade’s average. This structural demand provides a solid floor under prices, even during corrections.

AUD/USD Currency Dynamics

A Local Booster Gold is priced in USD globally, so a weaker Australian dollar amplifies returns for local sellers. Current forecasts suggest AUD/USD could dip towards 0.63-0.65 through 2026 if US rates stay higher for longer relative to the RBA. This means even if USD gold prices stabilise, Australians could see AUD prices climb further — potentially to $7,500-$8,000/oz or more.

Booming Investment Demand

• Gold ETFs and Digital Gold: Inflows are surging as investors seek liquid exposure without storage hassles. Offering fractional ownership is exploding among millennials and Gen Z.
• Physical Demand Revival: Despite high prices, retail buyers are returning to bars, coins, and jewellery for tangibility.
• High-Net-Worth Diversification: Wealthy Australians are allocating 5-10%+ of portfolios to gold amid stock market volatility.

The Green Gold Revolution: Sustainability is no longer niche

It’s mainstream. Consumers and regulators demand ethically sourced and recycled gold, reducing environmental impact. Recycled supply now accounts for ~30% of annual gold, and this is set to grow, creating premium markets for second-hand items.

Australia’s Enduring Role in the Global Gold Supply Chain

Australia’s gold mining sector is a beacon of stability: transparent regulations, high-grade deposits, and world-class operations. Western Australia dominates with over 70% of output, but Queensland, NSW, and Victoria are ramping up.

• Production Outlook: After a slight dip due to grade challenges and weather, output is forecast to rebound modestly to ~305-309 tonnes in FY2025-26, supported by expansions at mines like Northern Star’s Super Pit, Newmont’s Cadia and Tanami, and new projects like De Grey’s Hemi (first production H2 2026, ~17 tpa initial).
• Global Competitiveness: With China and Russia facing sanctions and environmental hurdles, Australia’s reliable supply commands trust. Exports hit record values in 2025, bolstered by prices.
  Technological advancements—AI exploration, automation, and remote operations—are slashing costs and boosting efficiency, ensuring Australia remains a top-tier producer even as global demand soars.

Deep Dive: How Inflation and Geopolitics Drive Gold Higher

Inflation isn’t just a headline; it’s reshaping wealth preservation. When fiat currencies lose value, gold shines. Recent data shows central banks now hold more gold than US Treasuries in some portfolios—a seismic shift.

Geopolitical risks (Middle East tensions, US-China trade frictions, elections worldwide) add fuel. Gold thrives in uncertainty: during the 2022 Ukraine invasion, prices spiked 20%+. Similar dynamics could propel 2026 highs.

The Recycled Gold Boom: Why Scrap and Old Jewellery Are Hot Commodities

Recycled gold is the fastest-growing supply segment. Jewellers like Tiffany & Co. and luxury brands pledge to be 100% recycled by 2025-2030. This creates intense demand for pre-owned items:

• Broken chains, single earrings, outdated rings — all refine into high-purity gold with zero new mining.
• Sellers benefit from competitive bids as refiners scramble for eco-friendly material.

In Brisbane and Queensland, this trend is pronounced, with buyers paying premiums for traceable, sustainable sources.

Technology Transforming Valuation and Trust

Gone are acid tests that damage items. XRF (X-ray fluorescence) scanners provide instant, non-destructive purity readings accurate to 0.01%. Reputable buyers now offer:

• Live price locking.
• Digital reports and instant payments.
• Transparent weighing on calibrated scales.

Learn exactly how Brisbane gold buyers test and weigh your jewellery for maximum fairness.

Jewellery Trends Boosting Resale Values

• Not all gold is equal:
• Vintage/Antique: Collector premiums can double the metal value.
• Bold Modern Pieces: Chunky chains and bangles remain in vogue.
• Diamond-Set Gold: Luxury watches and rings with diamonds fetch extra — explore Brisbane diamond buyers.

Younger buyers prioritise investment-grade purity (18-24 kt), driving up demand for solid items.

What Rising Prices Mean for Everyday Australians

Most families have “forgotten” gold: heirlooms in drawers, broken pieces in boxes. At $6,300+/oz, a single 50 g necklace could yield $8,000+ cash. This provides breathing room for mortgages, education, or emergencies amid cost-of-living pressures.

Risks and Volatility: Preparing for the Unexpected

Gold isn’t immune to dips — Fed policy shifts, resolved geopolitics, or strong equities could trigger pullbacks. Yet, the consensus upside far outweighs risks, with most analysts seeing limited downside below $3,500 USD/oz.

Brisbane’s Evolving Gold-Buying Landscape

Queensland’s capital is a hotspot: population growth, high awareness, and competitive buyers using cutting-edge tech. Expect more stores, better rates, and seamless experiences by 2026.

Expert Tips for Maximising Your Gold Sale Before 2026

• Monitor daily prices — sell on upswings.
• Gather all items, including scrap.
• Compare 3+ quotes from XRF-equipped buyers.
• Avoid pawn broking or unverified online sellers.

Read the top 10 tips to choose a reputable gold buyer in Brisbane and mistakes to avoid when selling scrap or broken gold in Queensland.

Wondering what happens to gold after you sell? It’s often recycled into new jewellery or bullion, supporting the green movement.

Key Statistics

• Australia gold production forecast: ~309 tonnes by 2026 (Department of Industry, Science and Resources).
• Central bank buying: ~1,000t expected in 2025 (Metals Focus, World Gold Council).
• Gold price forecasts: $4,500-$5,300 USD/oz by end-2026 (aggregated from J.P. Morgan, BofA, Goldman Sachs, and HSBC).
• Reuters: Major bank gold forecasts roundup

Conclusion: Seize the Golden Opportunity

The stars are aligning for Australia’s gold market: soaring demand, constrained new supply, technological transparency, and sustainability tailwinds. As we approach 2026, prices could hit levels unimaginable just years ago.

For sellers, this isn’t just about profit — it’s financial empowerment. Whether it’s old jewellery gathering dust or bullion stored away, now is the time to act.

About the Author

Raj is the driving force behind Gold Buyers QLD’s reputation for honesty and expertise. With over a decade of experience in the precious metals sector, he combines deep market knowledge with a genuine desire to help Queensland families get the maximum possible value for their gold. Raj and his team closely track real-time global gold trends, ensuring every valuation reflects the latest market conditions. Customers consistently praise his clear, no-pressure guidance and unwavering commitment to transparency – qualities that have made him one of the most trusted names in Brisbane’s gold-buying industry.

About the Company

Gold Buyers Brisbane’s Most Trusted Gold Buyers

Gold Buyers QLD has earned its position as one of Brisbane’s top-rated and most recommended gold-buying specialists. The company offers the highest cash payouts in Queensland for all forms of gold – from fine jewellery and bullion to coins, scrap, and diamond-set items. Every transaction is backed by cutting-edge XRF testing technology, live spot-price calculations, and a 100% transparent process you can watch from start to finish. Whether you visit the Brisbane CBD store or you’re located anywhere in Queensland, Gold Buyers QLD delivers fast, secure, and hassle-free service with same-day payment and outstanding customer care, turning your unwanted gold into cash you can rely on.