The Perth Mint reported softer bullion sales in March after February’s surge, though both gold and silver remained well above year-ago levels and first-quarter totals showed strong gains.
Neil Vance, the Perth Mint’s general manager of minted products, attributed the March result to shifting market conditions.
"While minted product sales eased in March following a particularly strong February, this reflects the impact of short-term market movements rather than any shift in underlying demand," Vance said.
"Over both the three- and twelve-month periods, sales remain significantly higher, demonstrating the continued strength of global investor interest in high-quality precious metals."
The Mint’s performance came amid a sharp drop in precious metals prices. LBMA data in U.S. dollars show gold falling 11.8%, or $613.95, to $4,608.35 an ounce in March, while silver declined 19.2%, or $17.29, to $72.69 an ounce.
Perth Mint Bullion Sales in March and First Quarter 2026
Gold coin and bar sales came in at 43,656 ounces in March, down 35.1% from February’s best month since November but 7.7% higher than in March 2025.
"Demand for gold from The Perth Mint followed overall market sentiment across March, with investors responding to heightened volatility and shifting price dynamics," said John O’Donoghue, The Perth Mint’s general manager of institutions and business solutions.
"While periods of uncertainty tempered activity at times, we continued to see underlying confidence in gold, particularly as clients looked to capitalise on price movements."
For the quarter, gold sales totaled 140,008 ounces, up 66.3% from 84,188 ounces in the same period last year.
Silver coin and bar sales totaled 976,450 ounces in March, down 49.3% from February’s strongest showing since April 2023 but up 36.9% from March 2025.
For the first quarter, silver sales reached 4,624,053 ounces, soaring 187.1% from 1,610,732 ounces a year earlier.
Perth Mint Gold and Silver Sales by Month through March 2026
Below is a monthly summary of Perth Mint bullion sales from January 2022 to March 2026. 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 | |
| March 2026 | 976,450 | 43,656 |
| February 2026 | 1,924,964 | 67,249 |
| January 2026 | 1,722,639 | 29,103 |
| December 2025 | 597,873 | 35,885 |
| November 2025 | 875,487 | 66,710 |
| October 2025 | 1,061,231 | 85,603 |
| September 2025 | 578,588 | 36,595 |
| August 2025 | 424,949 | 30,125 |
| July 2025 | 452,132 | 21,891 |
| June 2025 | 464,197 | 32,901 |
| May 2025 | 496,707 | 28,244 |
| April 2025 | 723,641 | 43,714 |
| March 2025 | 713,306 | 40,537 |
| 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 |
Recently Reported Bullion Coin Releases — None in March
In February, The Perth Mint reported that the following bullion coins were released:
- Australian Kookaburra 2026 1/10 Gold Bullion Coin
- Australian Kookaburra 2026 1/10 Platinum Bullion Coin
- Chinese Myths and Legends Double Phoenix 2026 1oz Gold Bullion Coin
In January, the Mint reported that the following bullion coins were released:
- Australian Kookaburra 2026 1 Kilo Silver Bullion Coin
- Australian Kookaburra 2026 10oz Silver Bullion Coin
- Australian Kookaburra 2026 1oz Silver Bullion Coin
In November, the Mint reported that the following bullion coins were released:
- Australian Lunar Series III 2026 Year of the Horse 1oz Silver Bullion Coin with Dragon Privy
- Australian Lunar Series III 2026 Year of the Horse 1oz Gold Bullion Coin with Dragon Privy
- Lunar Horse 2026 1oz Silver Rectangular Individual Bullion Coin
- Lunar Horse 2026 1oz Silver Rectangular Bullion Coin in Tube
- Lunar Horse 1oz Gold Minted Bar
In October, as reported by the Mint, the following bullion coins were released:
- Australian Kangaroo 2026 Bullion Coin Series
In September, as reported by the Mint, the following bullion coins were released:
- Australian Lunar Series III 2026 Year of the Horse 10oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 2oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1/2oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1/4oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1/10oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1/20oz Gold Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1 kilo Silver Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 5oz Silver Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 2oz Silver Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1oz Silver Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1/2oz Silver Bullion Coin
- Australian Lunar Series III 2026 Year of the Horse 1oz Platinum Bullion Coin
In August, as reported by the Mint, the following bullion coins were released:
- Australian Brumby 2025 1oz Silver Bullion Coin
In July, as reported by the Mint, the following bullion coins were released:
- Australian Lunar Series III 2025 Year of the Snake 10 kilo Silver Bullion Coin
In June, as reported by the Mint, the following bullion coins were released:
- 2025 Dragon 1oz Gold Bullion Rectangular Coin
- 2025 Dragon 1oz Silver Bullion Rectangular Coin
In May, as reported by the Mint, the following bullion coins were released:
- 225th Anniversary of Australian Proclamation Coins – Pillar Dollar 2025 1oz Gold Bullion Coin
- 225th Anniversary of Australian Proclamation Coins – Pillar Dollar 2025 1oz Silver Bullion Coin
- Australian Emu 2025 1oz Gold Bullion Coin
- Australian Emu 2025 1oz Silver Bullion Coin
- 2025 Chinese Myths and Legends Double Phoenix 1oz Silver Bullion Coin
- Australian Kookaburra 2025 1/10oz Gold Bullion
- Australian Kookaburra 2025 1/10oz Platinum Bullion
In April, as reported by the Mint, the following bullion coins were released:
- Australian Swan 2025 1oz Silver Bullion Coin
- Australian Swan 2025 1oz Gold Bullion Coin
In March, as reported by the Mint, the following bullion coins were released:
- Australian Koala 2025 1oz Silver Bullion Coin
- Australian Koala 2025 1 Kilo Silver Bullion Coin
In February, as reported by the 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
Bullion Coins That Sold Out in 2026
In February 2026, as reported by the Mint, the following bullion coins sold out:
- 2024 125th Anniversary of The Perth Mint 1oz Silver Bullion Coin
- 2024 Wombat 1oz Silver Bullion Coin
- 2024 Next Generation Emu 10oz Piedfort Silver Bullion Coin
- 2025 225th Anniversary of Australian Proclamation Coins 1oz Silver Bullion Coin
