Australian bullion demand hit multi-month highs in March

Australian bullion demand hit multi-month highs in March, according to data published by The Perth Mint of Australia, with both gold and silver sales posting sharp increases

Australian bullion demand hit multi-month highs in March, according to data published by The Perth Mint of Australia.

The Mint’s figures showed that its sales of gold and silver coins and bars posted sharp increases compared to February – a month that had already shown improvement over January, when gold sales hit a 10-month low and silver sales fell to a 67-month low.

The Mint’s sales came amid soaring precious metal prices. In March, LBMA prices (USD) saw gold jump 9.9% and silver rally 9.4%.

Perth Mint Gold Bullion Sales in March and First Quarter 2025

The Perth Mint’s March sales of gold coins and bars climbed to 40,537 ounces – the highest monthly total since November – incrementing 61.5% from February and soaring 146.6% above March 2024.

Neil Vance, General Manager of Minted Products at the Mint, said it was encouraging to see demand for minted products recovering despite the high precious metal prices.

“Our gold Kangaroo coins are more popular than ever, with sales particularly strong in Australia and Germany,” Vance stated. “Our 1oz gold and silver bullion 2025 Year of the Snake coins have sold out which is a tribute to the Lunar series’ enduring popularity around the world.”

For the quarter, gold sales totaled 84,188 ounces, representing a 4.5% decline from the 88,179 ounces sold during the same period last year.

Perth Mint Silver Bullion Sales in March and First Quarter 2025

Sales of minted silver coins and bars reached 713,306 ounces in March – the highest monthly total since December – advancing 47.9% from February but decreasing 17.1% compared to March 2023.

“Our new silver Koala coins have also been very well received,” Vance added.

For the quarter, silver sales amounted to 1,610,732 ounces, down 38.9% from the 2,636,850 ounces recorded in the first three months of 2024.

Perth Mint Gold and Silver Sales by Month through March 2025

Below is a monthly summary of Perth Mint bullion sales from January 2022 to March 2025. The figures show monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.