People queue outside the ABC Bullion store at Martin Place, Sydney October 22, 2025.

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In recent weeks, and particularly this Monday and Tuesday, people have been lining up for hours in the Sydney CBD with one goal in mind: buying some gold.

Gold prices have recently experienced a significant decline.

Yesterday, Australia woke up to the news that the precious metal had suffered its worst single-day fall since 2013, down a whopping 5.7 per cent in one go.
People queue outside the ABC Bullion store at Martin Place, Sydney October 22, 2025.
People have been queueing outside the ABC Bullion store at Sydney’s Martin Place for much of this week.(AP Photo/Evan Vucci)

Throughout the year, gold has faced various fluctuations, including some steep drops. At one point, it lost over $100 in just one day and saw a decrease of approximately $300 within a single month, following the initial reaction to tariffs announced during Trump’s “liberation day.”

Despite these fluctuations, gold remains on course for one of its most impressive single-year performances.

According to Attrill, “Gold has increased by 57% so far this year, greatly surpassing Bitcoin, which has risen by 17%, as well as outperforming major global stock indices.”

However, this may not provide much comfort to those who purchased gold earlier in the week.

The information provided on this site is general and does not serve as personal financial advice. It has been prepared without considering your personal objectives, financial situation, or needs. Before acting on any information provided here, you should evaluate its suitability in relation to your objectives, financial situation, and needs.