Lucy - BQ Magazine EditorIf you’re thinking about buying physical gold or silver in Melbourne, the first question is usually not “which dealer is best?”, it’s “what am I actually comparing?” Between spot price, premiums, product types, and how selling works later, two dealers can look similar on the surface but feel very different at checkout.
This guide walks through seven bullion dealers that Melbourne buyers commonly explore, plus a quick checklist to help you compare options with more confidence. FYI, it’s not a ranking. Use it to narrow your shortlist based on what you value most, whether that’s a convenient delivery model, a local showroom experience, or a straightforward buy-back process.
Investing in gold and silver
Gold and silver have been used as stores of value for centuries, and today they’re still widely bought as physical bullion (bars and coins) by investors and collectors. Unlike shares or funds, bullion is a tangible asset you can hold directly, which is part of the appeal for people who want something outside the traditional financial system.
That said, precious metals aren’t a one-size-fits-all solution. Prices can move up and down, and your real-world outcome depends on more than the spot price. Premiums, dealer spreads, storage costs, insurance, and how quickly you can sell all matter.
Why people consider gold
Gold is often viewed as a long-term store of value. Some investors like it as a portfolio diversifier because it doesn’t always move in the same direction as shares or property. It’s also typically bought for its high value density, meaning a relatively small amount can represent a meaningful value.
Why people consider silver
Silver can appeal for slightly different reasons. It’s generally more affordable per ounce than gold, which can make it easier to build a position gradually. Silver is also used in industry, so its price can be influenced by both investment demand and industrial cycles.
What to compare when choosing a bullion dealer
If you’re buying bars or coins (rather than an ETF or mining shares), it’s worth thinking through the practicalities:
- Pricing and premiums: The difference between spot price and what you pay (and later receive when selling).
- Purity and authenticity: Look for clear product specs and reputable sourcing.
- Product selection: Bars vs coins, sizes, and recognisable brands/mints.
- Buy-back options: How selling works, what products they repurchase, and how pricing is calculated.
- Delivery or collection: Whether you can pick up in person, and what shipping/insurance looks like.
- Payment methods and limits: Card vs bank transfer, ID requirements, and any transaction thresholds.
Here are 7 gold and silver bullion dealers to consider in Melbourne
With what we mentioned above in mind, here are seven bullion dealers Melbourne buyers and investors may want to explore. They’re not ranked. Each has a slightly different model, so the best choice depends on what you’re buying, how often you plan to trade, and how you want to receive your metals.
Here’s a quick comparison table of all 7 dealers we’ve included in our roundup…
| Dealer | Best for | How Melbourne buyers typically buy | Delivery / pickup | Buying and selling | Differentiator to note |
| City Gold Bullion | Online-first buyers who want delivery | Online ordering | Insured delivery to Melbourne | Buy + sell with buy-back options (check terms) | Convenient delivery model and recognisable bullion formats |
| Bullion Now | Buyers who want a Melbourne showroom option | Online + showroom (where available) | Delivery and/or pickup (varies) | Buy + sell pathways available | Strong retail catalogue and in-person option |
| Ainslie Bullion | Buyers who want a showroom + broad range | Online + Melbourne showroom | Delivery or pickup (varies) | Buy + sell options available | Established dealer with consultative buying |
| Melbourne Gold Company | Walk-in buyers/sellers who want CBD access | In-person focused | Often in-person, check delivery | Buy + sell in person | Suits people who prefer immediate, local transactions |
| ABC Bullion | Online buyers who want a larger national dealer | Online ordering | Delivery to Melbourne | Buy + sell options available | National scale and multi-metal range |
| Liberty Bullion | Buyers who want education + CBD presence | Online + in-store | Delivery and pickup (varies) | Buy + sell options available | Helpful educational resources for first-timers |
| The Perth Mint | Buyers who want widely recognised minted products | Via online channels and/or dealers | Delivery depends on seller/channel | Depends on channel/product | Brand recognition and broad minted range |
1. City Gold Bullion
City Gold Bullion is an online-first dealer offering physical gold and silver bullion products that can be delivered to Melbourne buyers. If your priority is straightforward access to investment-grade bars and coins, without needing to visit a showroom, this model can be a practical fit.
In terms of physical product formats, investors typically look for clearly specified items such as minted bars and widely recognised bullion coins, where weight and purity are easy to verify. City Gold Bullion’s range is designed around those familiar bullion categories, which can help buyers compare like-for-like products (for example, choosing between a smaller bar for flexibility versus a larger bar for lower premium per ounce).
Another consideration is how you might sell later. Many bullion buyers prefer dealers that provide a clear pathway to liquidate, whether that’s a formal buy-back policy or a defined process for selling back eligible products. If you’re planning to trade more than once, it’s worth checking the current buy-back terms for the specific items you intend to purchase.
For Melbourne customers, fulfilment is a key point. Rather than relying on a walk-in experience, you’re typically purchasing online and receiving your order via insured courier delivery. That can suit buyers who value convenience, privacy, and a predictable ordering process.
If you’re specifically researching where to buy gold bullion in Melbourne, you can start with City Gold Bullion.
- Best for: Melbourne buyers who prefer online ordering and delivery
- Products: Physical gold and silver bullion bars and coins (varies by availability)
- Buying options: Online purchase
- Selling / buy-back: Buy-back options available (check current terms)
- Delivery / collection: Insured delivery to Melbourne
2. Bullion Now
Bullion Now is often considered by Melbourne buyers who want the option of shopping online and visiting a physical location. That combination can be useful if you like browsing different sizes and formats in person, or if you want to ask questions before choosing between bars and coins.
From a product perspective, dealers with a retail-style catalogue can suit both first-time buyers and more frequent purchasers. If you’re new to bullion, it’s worth paying attention to the basics: the stated purity, the brand or mint, and whether the product is a standard bullion line (which can sometimes be easier to resell).
On the selling side, look for a clear process. What they buy back, how pricing is calculated, and whether you need an appointment or ID. Even if you’re buying to hold long term, understanding liquidity upfront helps avoid surprises later.
- Best for: Buyers who want a Melbourne showroom option alongside online ordering
- Products: Gold and silver bars and coins
- Buying options: In-store (where available) and online
- Selling / buy-back: Buy and sell pathways available
- Delivery / collection: Delivery and/or pickup options depending on order type
3. Ainslie Bullion
Ainslie Bullion is a long-standing dealer that Melbourne buyers can access via a local showroom as well as online ordering. This can be a good match if you want the flexibility to research online but still prefer the reassurance of an in-person option, particularly for higher-value purchases.
A practical advantage of a showroom model is the ability to compare products side by side. For example, you might weigh up whether you want government-minted coins (often popular with collectors) or simpler cast/minted bars (often chosen for straightforward stacking). Either way, confirm the weight, purity, and any packaging details that may matter for resale.
If you’re thinking ahead to selling, consider whether the dealer’s buy-back approach is clearly explained for the products you’re buying. Some investors also look for storage or account-based features, depending on how frequently they plan to transact.
- Best for: Buyers who want a showroom experience and a broad range
- Products: Gold and silver bullion bars and coins
- Buying options: Online ordering and in-person options (where available)
- Selling / buy-back: Buy-back options available (check current terms)
- Delivery / collection: Delivery and pickup options depending on location
4. Melbourne Gold Company
Melbourne Gold Company is often associated with walk-in accessibility for buyers and sellers who prefer to transact in person in the CBD. If you’re the type of investor who values immediacy, especially when selling, an in-person model can feel more straightforward than packaging and shipping metals.
For buying, the key is to focus on the all-in cost: the premium over spot, any fees, and what product formats are available on the day. For selling, it’s worth understanding what documentation you’ll need, whether they buy back the specific items you own, and how the buy price is calculated.
This kind of dealer can suit people who want a local option for both directions of the trade, rather than relying entirely on delivery logistics.
- Best for: Walk-in buyers and sellers who want a CBD option
- Products: Gold and silver bullion (range varies)
- Buying options: In-person focused
- Selling / buy-back: In-person selling available (requirements vary)
- Delivery / collection: Often in-person, check delivery availability
5. ABC Bullion
ABC Bullion is a national dealer that Melbourne buyers can access online. For investors who are comfortable purchasing digitally, a larger platform can be appealing, particularly if you want a broader catalogue or you plan to buy more than once.
When comparing online-first dealers, look closely at how pricing is displayed and how frequently it updates. It’s also helpful to understand the difference between the spot price and the final checkout price once premiums, shipping, and payment method are considered.
If you’re thinking about selling later, check how the sell process works (for example, whether it’s account-based, what products are accepted, and how settlement is handled). Clarity here can make repeat transactions much smoother.
- Best for: Online buyers who want a national dealer with scale
- Products: Gold and silver bullion (often plus other metals)
- Buying options: Online ordering
- Selling / buy-back: Selling options available
- Delivery / collection: Delivery options for Melbourne buyers
6. Liberty Bullion
Liberty Bullion is another option for Melbourne buyers who want a combination of in-store access and online shopping. For newer investors, a dealer that explains concepts like premiums, spreads, and product types can be especially helpful.
If you’re buying silver, it’s also worth paying attention to how taxes are treated for different products, as well as the total delivered cost. For gold, compare like-for-like items (same weight and brand/mint) across dealers to get a cleaner view of premiums.
On the selling side, check buy-back terms and what condition or packaging requirements apply. Small details, like keeping receipts and original packaging, can sometimes make resale simpler.
- Best for: Buyers who want education + a Melbourne CBD presence
- Products: Gold and silver coins and bars
- Buying options: In-store and online
- Selling / buy-back: Buy-back options available (check terms)
- Delivery / collection: Delivery and pickup options depending on order
7. The Perth Mint
While The Perth Mint is based in Western Australia, Melbourne investors often access Perth Mint products through online ordering channels and authorised dealers. The appeal is typically brand recognition and a wide range of minted bullion products.
If you’re considering Perth Mint items, it’s worth checking the exact channel you’re buying through (direct vs dealer) and comparing the total premium for the specific product. Some buyers also choose Perth Mint products for their recognisable designs and collectability, while others focus purely on weight and purity.
Because buy-back and resale pathways can vary by seller and product type, it’s sensible to think about liquidity upfront, especially if you’re buying a less common coin or a speciality item.
- Best for: Buyers who want widely recognised minted bullion products
- Products: Gold and silver minted bars and coins (plus other metals)
- Buying options: Online and via dealer networks
- Selling / buy-back: Depends on channel and product
- Delivery / collection: Delivery to Melbourne typically available via sellers
Final checklist before you buy
Before placing an order, shortlist two or three dealers and compare the all-in cost (spot price + premium + shipping/insurance + payment fees, if any). Then confirm the basics: purity, brand/mint, estimated dispatch times, and what the buy-back process looks like if you ever decide to sell.
Finally, keep your invoices and product details. If you ever decide to sell, having clear records can make the process smoother and help you compare offers across dealers.