Gold AUD price vs Gold USD price

I'm sure this is a stupid question for experienced SS members so please don't laugh.
I'm a 22 year old novice gold buyer (made my first purchase two months ago) and I don't understand the relationship between Gold USD and Gold AUD.

On the 29th of August 2014 when 1 AUD = 0.93 USD and 1 USD = 1.07 AUD I brought two 50g gold bars priced at 2287 AUD each both had a 3% premium. the spot price at this time was 1377.09 AUD (1287 USD) per troy ounce.

Since then the gold price has fallen to 1223 USD per troy ounce yet the price of gold in AUD has risen to 1407 and now, If I want to buy another 50g gold bar from the same suppler it will cost me 2328 AUD, 41 dollars more.

I don't get what's gone on, is it because the AUD has fallen in price.

If any of you guys could explain why this has happened it would be appreciated.

29th Aug gold 1287 USD
29th Aug gold 1377.09 AUD
3% premium
50g of gold cost me 2287

 

Gold is priced in USD.

When the Australian dollar falls against the USD, gold in Australian dollars makes it more expensive.

 

Thanks I feel like an idiot,

 

Ok, so...from The Reserve Bank Of Australia Exchange rates the official USD vs AUD are:

29 August 2014 - 0.9349

10 Oct 2014 - 0.8772

Difference 0.577


http://www.rba.gov.au/statistics/historical-data.html#exchange-rates

So the AUD has lost ground or has a lower exchange rate which means you have to pay more (Probably not a good word to use but) for your gold in Australian dollars

 

Hey don't mate, that's a very good question because many folk get a bit confused.

Cheers

 

Not an idiot at all. At your age if you don't ask questions how are on Earth are you going to learn? By making mistakes for the next 22 years?