Beaches at Southport were closed around 3.30pm after a confirmed 6ft shark sighting.
Lifesavers evacuated the water and are now urging swimmers to stay safe.
Meanwhile a toddler is fighting for his life after being pulled from the water at Palm Beach this afternoon.
Paramedics are continuing to perform CPR on the three-year-old boy after the near-drowning at Pirate Park about 1.40pm.
The terrifying incident is just one of a string of rescues performed on Gold Coast beaches today.
Lifesavers have rescued about 24 swimmers across the city’s coastline today.
At 2.30pm water police enlisted the help of lifesavers to respond to a boating incident offshore from Surfers Paradise.
According to a Surf Life Saving QLD duty officer, one of the people on the boat signalled for help 11 times using a mirror.
Someone in a highrise saw the S. O. S and alerted authorities.
The boat is believed to be a fair distance from shore and the Gold Coast the Westpac chopper has been tasked to check on the vessel and its occupants.
Lifesavers are urging beachgoers to only swim on patrolled beaches and always between the red and yellow flags.
At Surfers Paradise beach six 18-year-old men were pulled to safety by lifesavers on a jet ski after they were caught in a rip while swimming outside the flags.
Prior to that a 16-year-old boy also had to be rescued under the same circumstances.
At Palm Beach a 45-year-old woman, 13-year-old boy and 12-year-old girl had to be pulled from the water at separate times from outside the flags.
Surf lifesavers also rescued a man and woman in their mid-50s caught in a rip while swimming outside the flags at North Burleigh just before midday.
At Tallebudgera Creek this morning a nine-year-old girl was pulled from the water unconscious after suffering at seizure.
This morning there was also a shark sighted on two separate occasions near Pacific SLSC at Palm Beach. The beach was closed two times but has since been reopened after no further sightings.