Perth Mint 2025 Bullion Sales: Gold Up 19% From 2024, Silver Down 25.8%
The Perth Mint's 2025 gold bullion sales rose 19% from 2024 to 465,856 ounces, while silver sales fell 25.8% to 7,285,537 ounces, CoinNews reported on January 25, 2026. December 2025 sales of both metals were lower than in November.
Correction (Oct 13, 2026): We rewrote the headline, summary and body to match the source. We removed the error that gold sales volume declined, unsupported figures and market analysis such as gold prices up 15-20%, a gold-silver ratio above 80 and resilient revenue, and long general passages on investment, and kept only the source's sales figures, percentage changes and quotes. The previous headline was "Perth Mint's 2025 Paradox: Gold Up 15-20%, Volumes Down, Revenue Resilient."
This article is based on a CoinNews report published on January 25, 2026, on The Perth Mint's bullion sales for December 2025 and for the full year 2025.
The Perth Mint closed 2025 with mixed results for its Australian bullion sales. December totals declined for both gold and silver from November. For the full year, gold finished higher than 2024 and silver ended lower.
Precious metal prices rose sharply over the period. In December, LBMA prices in U.S. dollars advanced 2.8% for gold and 33.5% for silver. Over the year, gold prices rose 65% and silver 149.1%.
Silver: 597,873 ounces in December, 7,285,537 ounces for the year
Silver bullion sales fell for a second straight month to 597,873 ounces in December, down 31.7% from November and 43.5% from a year earlier.
"December is traditionally a quieter period for precious metals as customers turn their attention to the holiday and festive season," said Neil Vance, The Perth Mint's General Manager of Minted Products. He said demand was particularly strong for the Mint's 1oz silver kangaroo coins and 1oz silver minted bars, including kangaroo and lunar designs.
Silver bullion sales for 2025 totaled 7,285,537 ounces. That was 25.8% lower than 9,813,384 ounces in 2024 and 68.6% lower than 23,176,142 ounces in 2022. Among the annual totals the source lists from 2013 through 2024, every year was higher than 2025.
Gold: 35,885 ounces in December, 465,856 ounces for the year
Gold bullion sales were 35,885 ounces in December, down 46.2% from November but 13.1% higher than December 2024.
"In gold, minted bars performed strongly, reinforcing their ongoing appeal as a core investment choice during periods of market volatility," Vance said.
Gold bullion sales for 2025 totaled 465,856 ounces. That was 19% higher than 391,606 ounces in 2024, but 30% lower than 665,889 ounces in 2023 and 58.3% lower than 1,116,969 ounces in 2022.
What the figures cover
The figures are the ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide. They exclude sales of cast bars and other Group activities, including sales of allocated and unallocated precious metal for storage by the Depository.
Source: CoinNews, "Perth Mint Ends 2025 With Mixed Australian Bullion Sales" (January 25, 2026).
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