The Gold Pickaxe is a third-tier Pickaxe that is stronger than the Silver Pickaxe, but weaker than the Nightmare Pickaxe. It has an alternate ore version, the Platinum Pickaxe, which is slightly stronger. It is the first pickaxe that is able to mine Demonite and Crimtane Ores.
Additionally, in worlds that generated with Silver Ore instead of Tungsten Ore, the Gold Pickaxe is the earliest pickaxe the player can obtain that can mine Meteorite as well, unless the player has obtained the Bone Pickaxe dropped by the Undead Miner.
Its best Modifier is Legendary.
- Its mining speed is 17, compared to Silver Pickaxe's 11 and Tungsten Pickaxe's 19. However Silver Pickaxe will require one more hit to destroy blocks, and therefore Gold Pickaxe is a faster upgrade. Please note that mining stone-like blocks will take 34 time with Gold and 33 with Silver, where dirt-like blocks will take 17 time with Gold and 22 with Silver.