Australian bullion demand rebounded in February, according to data published March 11 by The Perth Mint of Australia, following January’s 10-month low for its gold products and 67-month low for its silver products.
The Mint’s sales occurred against a backdrop of divided precious metal prices. In February, LBMA prices (USD) saw gold rise 0.8%, while silver dropped 1.5%.
Perth Mint General Manager of Minted Products, Neil Vance, noted that the strong gold price continued to weigh on demand for minted products. However, he expressed satisfaction with the response to key February releases, including the Australian Kookaburra 2025 1 Kilo Silver Bullion Coin and gold and silver bars from the Lunar Year of the Snake collection.
"It is heartening to see the increase in sales on January levels given precious metals prices remain at record highs," Vance commented.
Perth Mint Bullion Sales in February 2025
The Perth Mint’s gold sales climbed in February, with gold coins and bars totaling 25,103 ounces – up 35.3% from January’s low, the weakest monthly total since March 2024. However, sales were down 46.7% from February 2024.
Year-to-date gold sales reached 43,651 ounces, 39.2% lower than the 71,737 ounces sold in the same period last year.
Silver sales also improved, with February’s total at 482,451 ounces, a 16.3% increase from January’s low, the weakest since June 2019. Compared to February 2024, sales were down 52.1%.
So far this year, The Perth Mint’s silver sales stand at 897,426 ounces, a decline of 49.5% from the 1,776,178 ounces sold in the first two months of 2024.
Perth Mint Gold and Silver Sales by Month through February 2025
Below is a monthly summary of Perth Mint bullion sales from January 2022 to February 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.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| Silver | Gold | |
| February 2025 | 482,451 | 25,103 |
| January 2025 | 414,975 | 18,548 |
| December 2024 | 1,057,311 | 31,727 |
| November 2024 | 1,055,657 | 58,136 |
| October 2024 | 539,898 | 29,935 |
| September 2024 | 963,198 | 53,143 |
| August 2024 | 647,382 | 25,884 |
| July 2024 | 939,473 | 25,457 |
| June 2024 | 491,946 | 22,520 |
| May 2024 | 796,934 | 23,238 |
| April 2024 | 684,735 | 33,387 |
| March 2024 | 860,672 | 16,442 |
| February 2024 | 1,006,852 | 47,086 |
| January 2024 | 769,326 | 24,651 |
| December 2023 | 681,490 | 36,297 |
| November 2023 | 672,623 | 53,520 |
| October 2023 | 1,073,553 | 42,302 |
| September 2023 | 1,116,779 | 36,530 |
| August 2023 | 792,503 | 34,875 |
| July 2023 | 863,485 | 44,009 |
| June 2023 | 1,326,011 | 73,124 |
| May 2023 | 1,881,001 | 72,889 |
| April 2023 | 1,947,743 | 75,166 |
| March 2023 | 1,823,096 | 80,541 |
| February 2023 | 1,484,936 | 52,241 |
| January 2023 | 1,233,344 | 64,395 |
| December 2022 | 1,634,751 | 60,634 | November 2022 | 1,315,293 | 114,304 |
| October 2022 | 1,995,350 | 183,102 |
| September 2022 | 2,579,941 | 88,554 |
| August 2022 | 1,655,334 | 84,976 |
| July 2022 | 2,465,513 | 79,305 |
| June 2022 | 1,523,765 | 65,281 |
| May 2022 | 2,217,582 | 98,515 |
| April 2022 | 2,119,491 | 80,941 |
| March 2022 | 1,649,634 | 121,997 |
| February 2022 | 1,632,323 | 72,651 |
| January 2022 | 2,387,165 | 66,709 |
Bullion Coins Released in February 2025
In February, as reported by The Perth Mint, the following bullion coins were released:
- Lunar Snake 1oz Silver Minted Bar in Pouch
- Lunar Snake 1oz Silver Minted Bar in Tube
- Lunar Snake 1oz Gold Minted Bar
- Chinese Myths and Legends Four Guardians 2025 1oz Gold Bullion Coin
- Australian Kookaburra 2025 1 Kilo Silver Bullion Coin
- Australian Wedge-tailed Eagle 2025 1oz Silver Bullion Coin
In January, as reported by the Mint, the following bullion coins were released:
- Lunar Dragon 1oz Silver Minted Bar in Tube
- Lunar Dragon 1oz Silver Minted Bar in Pouch
- Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin with Dragon Privy
- Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin with Dragon Privy
In November, as reported by the Mint, the following bullion coins were released:
- Australian Kangaroo 2025 1oz Silver Bullion Coin in Tube
- Australian Kangaroo 2025 1oz Silver Individual Bullion Coin
- Australian Kangaroo 2025 1 Kilo Gold Bullion Coin
- Australian Kangaroo 2025 1oz Gold Bullion Coin
- Australian Kangaroo 2025 1/2oz Gold Bullion Coin
- Australian Kangaroo 2025 1/4oz Gold Bullion Coin
- Australian Kangaroo 2025 1/10oz Gold Bullion Coin
- Australian Kangaroo 2025 1oz Platinum Bullion Coin
- Australian Lunar Series III 2024 Year of the Dragon 10 Kilo Silver Bullion Coin
- Australian Koala 2024 1/10oz Gold Bullion Coin
- Australian Koala 2024 1/10oz Platinum Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1 Kilo Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 5oz Silver Bullion Coin
In October, as reported by Mint, the following bullion coins were released:
- Australian Wombat 2024 1oz Silver Bullion Coin
- Super Pit 2024 1oz Silver Individual Bullion Coin
- Super Pit 2024 1oz Silver Bullion Coins in Tube
- Super Pit 2024 1oz Gold Bullion Coin
- Super Pit 2024 5oz Gold Bullion Coin
- Welcome Nugget 2024 1oz Gold Bullion Coin
- Chinese Myths and Legends Four Guardians 2024 1oz Silver Bullion Coin
In September, as reported by the Mint, the following bullion coins were released:
- Australian Lunar Series III 2025 Year of the Snake 2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/10oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/4oz Gold Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1/2oz Silver Bullion Coin
- Australian Lunar Series III 2025 Year of the Snake 1oz Platinum Bullion Coin
- Australian Emu 2024 1oz Silver Bullion Coin
- Australian Emu 2024 1oz Gold Bullion Coin
