Australian gold stocks fall as bullion prices decline on profit-taking

Perseus Mining

30/01/2026 01:19

** Australian gold stocks .AXGD fall as much as 3.9% to log their biggest intraday pct decline since January 22, while the broader benchmark .AXJO trades flat

** AXGD tracks overnight losses in gold prices as investors booked profits after bullion hit a record high GOL/

** Index constituents Ramelius Resources RMS.AX and Perseus Mining PRU.AX fall 3.9% and 5%, respectively

** Sub-index, however, on track for a fifth straight weekly gain, up 1.8%

** AXGD up 15.2% so far this year, outperforming a 2.6% gain in AXJO

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))