The Perth Mint Concluded 2024 with Mixed Results for Its Australian Bullion Sales

The Perth Mint concluded 2024 with mixed results for its Australian bullion sales, reflecting broader trends in precious metals markets.

The Perth Mint’s precious metals bullion sales throughout 2024 presented a mixed picture, reflecting broader trends in precious metals markets. While gold sales faced substantial declines in both December and throughout the year, silver sales were less affected by the declines, posting a smaller annual drop and being boosted by a solid December and a few other more steady months.

The Mint’s performance unfolded against fluctuating precious metal prices. In December, LBMA prices (USD) fell 1.6% for gold and 4% for silver. Over the course of the year, however, gold prices surged by 26.5%, with silver prices rising 23.8%.

December and Annual 2024 Perth Mint Gold Bullion Sales

The Perth Mint recorded gold coin and bar sales of 31,727 ounces in December, a 45.4% decline from November and 12.6% lower than December 2023.

For the year, gold bullion sales totaled 391,606 ounces in 2024. A comparison of annual sales highlights the following changes:

December and Annual 2024 Perth Mint Silver Bullion Sales

In December, silver bullion sales at The Perth Mint reached 1,057,311 ounces, reflecting a slight increase of 0.2% from November and a significant 55.2% jump compared to December 2023.

Neil Vance, General Manager of Minted Products at The Perth Mint, noted continued strong interest in the 2025 Australian Kangaroo bullion series, which debuted in November, with silver sales playing a key role in December’s performance.

"The Perth Mint’s kangaroo coins and bullion are famous around the world. It’s always a pleasure to see how warmly they are received by collectors and investors," Vance commented.

For the full year, silver bullion sales totaled 9,813,384 ounces in 2024. Annual comparisons reveal:

Perth Mint Gold and Silver Sales by Month through December 2024

Below is a monthly summary of Perth Mint bullion sales from January 2022 to December 2024. 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.