Perth Mint Reports Surge in Gold and Silver Sales Amid Price Jump

In March, the Perth Mint of Australia witnessed a significant surge in Australian bullion sales, marking a multi-month high demand for both gold and silver. This spike followed an upward trend from February, which already showed improvements compared to January’s low sales figures. The backdrop of soaring precious metal prices, with gold and silver prices jumping significantly in March, further fueled the demand for bullion products.

Gold sales at the Perth Mint soared in March, with 40,537 ounces sold, the highest monthly total since November. This represented a remarkable 61.5% increase from February and a substantial 146.6% surge compared to March 2024. Despite the challenging market conditions, Neil Vance, the General Manager of Minted Products, expressed optimism about the rebound in demand for minted products, attributing the success to the popularity of products like the gold Kangaroo coins and the 2025 Year of the Snake coins.

On the silver front, the Perth Mint sold 713,306 ounces of minted silver coins and bars in March, marking the highest monthly total since December. This figure represented a 47.9% increase from February but a 17.1% decline compared to March 2023. The introduction of new silver Koala coins received positive feedback, indicating a strong market reception for these offerings.

For the first quarter of 2025, gold sales at the Perth Mint totaled 84,188 ounces, reflecting a slight decrease of 4.5% from the same period in the previous year. Similarly, silver sales for the quarter amounted to 1,610,732 ounces, showing a decline of 38.9% from the first quarter of 2024. Despite these year-over-year decreases, the Mint remained optimistic about the ongoing demand for its bullion products.

A historical review of Perth Mint’s bullion sales from January 2022 to March 2025 revealed fluctuations in monthly sales volumes for both gold and silver products. The Mint’s consistent efforts to release a diverse range of bullion coins catered to various preferences and market demands, showcasing a commitment to meeting the evolving needs of collectors and investors.

The Mint’s recent releases in March included the Australian Koala 1oz Silver Bullion Coin and the Australian Koala 1 Kilo Silver Bullion Coin, adding to its extensive portfolio of bullion offerings. These new releases aimed to capture the interest of collectors and investors looking for high-quality and innovative bullion products.

In conclusion, the Perth Mint’s robust sales performance in March, despite the challenges posed by fluctuating precious metal prices, underscored the enduring appeal of bullion products among global investors. The Mint’s strategic product offerings and commitment to quality have positioned it as a key player in the bullion market, catering to a diverse range of customer preferences and market trends.

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Perth Mint Reports Surge in Gold and Silver Sales Amid Price Jump

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