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Perth Mint’s Gold and Silver Sales Surge in February Amid High Prices

Perth Mint
Perth Mint

The Perth Mint saw gold sales jump 35% month-on-month to 25,103 oz in February and silver sales rise 16% to 482,451 oz.

This surge marked a dramatic recovery as investors sought bullion amid record-high gold prices and global uncertainty.

February Sales Data Analysis

Gold sales climbed from January’s 18,576 oz to 25,103 oz, a 35% increase.

Silver sales rose from 416,388 oz to 482,451 oz, up 16% month-on-month.

Compared to February 2024, gold sales grew 14%, from 22,046 oz.

Gold traded near US$2,050 per ounce, reinforcing its role as a long-term safe-haven.

Demand Drivers

Safe-Haven Flows

Geopolitical tensions and market volatility drove investors toward gold as a reliable store of value.

Tariff Uncertainty

Fears of new tariffs triggered demand for physical assets like gold and silver to hedge against supply disruptions.

Inflation Hedging

Rising inflation debates in early 2025 led investors to use precious metals as protection against currency devaluation.

Executive Insight

Neil Vance, General Manager of the Perth Mint, said the sales surge reflects precious metals’ enduring appeal during uncertainty.

The Perth Mint and Australia’s Refining Leadership

The Perth Mint remains a leading refiner, exporting gold bars and coins to over 100 countries.

Its transparent operations and logistics reinforce its reputation as a trusted bullion supplier.

Market Implications

The February surge highlights growing retail participation and portfolio diversification toward hard assets.

Central banks’ ongoing gold purchases could further boost prices and investor sentiment.

Outlook for Q2 2025

Bullion demand is expected to remain strong amid persistent geopolitical risks and inflation worries.

Advances in digital trading and blockchain could expand retail investor access to gold markets.

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Dr. Charles Whitmore
Dr. Charles Whitmore
Chief Editor & CEO
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