Australian gold stocks recorded a significant jump of as much as 5% in their largest intraday percentage gain since July 13.

This upswing marks the sub-index’s fourth consecutive session gain.

This surge correlates with the bullion prices climbing higher as well.

Gold prices were last recorded an increase of 0.8%, marking its growth for a second session.

Newcrest Mining (ASX:NCM) observed a considerable jump of almost 4.9%, posting its greatest intraday percentage gain since April 11.

Simultaneously, Northern Star Resources (ASX:NST) also saw a jump of as much as 5.9%, making this its largest intraday percentage gain since July 13.

Subsequently, the sub-index achieved its highest level since September 26.

As of the last close, the sub-index had risen 5.9% year-to-date.

Newcrest Mining (ASX:NCM) is a significant Australian gold mining company.