MyGoldWorth | mygoldworth.com

Gold Price

per gram

$221.01

Silver Price

per gram

$3.29

Platinum Price

per gram

$90.53

Share Your Insights

Share your precious metals insights and valuations with friends and the community.

Copy this link to share directly with friends.

Join the Community Discussion

Link copied to clipboard!

MyGoldWorth Calculator

Metal Type:

Weight (Grams):

Purity Method:

Carat

Custom Percentage

Carat:

Custom Purity (%)

Fee (%)

GST Rate (%):

Apply tax

Default GST for Australian Dollar is 10%

Remember my tax preferences

Remember Fee

Remember Tax Rate

Country	Currency	GST/VAT on Investment Gold	For Gold Dealers / Pawn Shops	Notes
Australia	AUD ($)	0% GST (bullion ≥99.5%)	Dealers charge 0% GST on investment-grade gold; 10% on non-investment gold (e.g. jewelry).	Second-hand goods (jewelry) may be treated under margin scheme.
United States	USD ($)	Varies by state	Dealers follow state rules; many allow exemptions for investment gold.	States like Texas, Florida exempt bullion; others do not.
European Union	EUR (€)	0% VAT	Dealers do not charge VAT on bullion; may charge on jewelry.	Applies in most EU nations (e.g. Germany, France, Spain).
United Kingdom	GBP (£)	0% VAT on bullion	Dealers don't charge VAT on gold bars/coins, but 20% VAT on jewelry.	Second-hand margin scheme can apply.
Japan	JPY (¥)	10% Consumption Tax	Dealers must charge 10% on all gold, even bullion.	No tax exemption on investment-grade bullion.
China	CNY (¥)	13% VAT	Dealers must charge full VAT, even on bullion.	One of the highest gold VAT rates globally.
India	INR (₹)	3% GST on gold + 5% on making charges	Dealers charge 3% GST + 5% on making; second-hand gold is also taxed.	Margin scheme only applies under specific conditions.
Canada	CAD ($)	0% GST/HST on bullion	Dealers don't charge tax on gold ≥99.5%; taxed if below.	Jewelry sales attract full GST/HST.
Switzerland	CHF (₣)	0% VAT	Dealers don't charge VAT on bullion; VAT applies on jewelry.	Commonly used for gold trading due to favorable tax status.
New Zealand	NZD ($)	15% GST on all gold	Dealers must charge 15% GST on all sales, including bullion.	No exemption for investment-grade gold.

Country

Currency

GST/VAT on Investment Gold

For Gold Dealers / Pawn Shops

Notes

Australia

AUD ($)

0% GST (bullion ≥99.5%)

Dealers charge 0% GST on investment-grade gold; 10% on non-investment gold (e.g. jewelry).

Second-hand goods (jewelry) may be treated under margin scheme.

United States

USD ($)

Varies by state

Dealers follow state rules; many allow exemptions for investment gold.

States like Texas, Florida exempt bullion; others do not.

European Union

EUR (€)

0% VAT

Dealers do not charge VAT on bullion; may charge on jewelry.

Applies in most EU nations (e.g. Germany, France, Spain).

United Kingdom

GBP (£)

0% VAT on bullion

Dealers don't charge VAT on gold bars/coins, but 20% VAT on jewelry.

Second-hand margin scheme can apply.

Japan

JPY (¥)

10% Consumption Tax

Dealers must charge 10% on all gold, even bullion.

No tax exemption on investment-grade bullion.

China

CNY (¥)

13% VAT

Dealers must charge full VAT, even on bullion.

One of the highest gold VAT rates globally.

India

INR (₹)

3% GST on gold + 5% on making charges

Dealers charge 3% GST + 5% on making; second-hand gold is also taxed.

Margin scheme only applies under specific conditions.

Canada

CAD ($)

0% GST/HST on bullion

Dealers don't charge tax on gold ≥99.5%; taxed if below.

Jewelry sales attract full GST/HST.

Switzerland

CHF (₣)

0% VAT

Dealers don't charge VAT on bullion; VAT applies on jewelry.

Commonly used for gold trading due to favorable tax status.

New Zealand

NZD ($)

15% GST on all gold

Dealers must charge 15% GST on all sales, including bullion.

No exemption for investment-grade gold.