(Kitco News) – The pullback in gold prices last month was a boon to bullion sales, with demand for Australian gold and silver products as well as ETP holdings increasing in June, according to the latest sales data from the Perth Mint.
The Perth Mint announced in its June 2025 Sales Update on Monday that it sold minted products containing 32,901 troy ounces of gold and 464,197 oz of silver in June, the final month of its fiscal year.
“Opening the month around USD 3,300, gold rose to a mid-month high of just under USD 3,450, supported by ongoing uncertainty surrounding US-China trade negotiations and its impact on the health of the global economy,” they wrote in the update. “Geopolitical tensions in the Middle East further buoyed the price as investors flocked to safe-haven assets. Gold remained at elevated levels while those geopolitical issues persisted, but as stability returned, the price retreated to just under USD 3,300 to record a modest loss for the month.”
Over the course of the Mint’s full 2024-2025 financial year, gold delivered a gain of 41% in USD terms.
“In Australian dollar terms, the gold price tracked international sentiment but faced headwinds from the US dollar weakening against most currencies,” they noted. “The price dropped by more than 2% in June to end the month trading around AUD 5,020. However, the full financial year performance was robust with gold returning a gain of 43%.”
Silver prices experienced a strong rally in June, rising to a 13-year high of more than $37. “This was supported by perceived value buying as well as strong industrial demand and ongoing supply constraints,” the update stated. “Silver ended the month around USD 36 for a near 9% gain the month. For the financial year, silver returned around 23%.”
The June silver price was also higher in AUD terms, though the stronger AUD/USD exchange rate tempered some of the gains. Silver returned around 25% AUD over the full financial year. Meanwhile, the gold:silver ratio hovered near 91.50 at the end of June, with silver’s outperformance helping to lower the ratio further from the April high.
The Perth Mint shared a table and chart showing how June’s sales numbers stack up against those of May, three months ago, and June of 2024.
Neil Vance, the Perth Mint’s General Manager Minted Products, said investor appetite for their products remained strong. “Sales of our newly released gold and silver dragon rectangular bullion coins have been very pleasing, as have our silver kangaroos which remain very popular with the German market,” he said.
The newest bullion coins released by the Perth Mint in June were the 2025 Dragon 1oz Gold Bullion Rectangular Coin and the 2025 Dragon 1oz Silver Bullion Rectangular Coin.
The Perth Mint Gold Structured Product – a low-cost exchange traded product (ETP) that allows investors to trade in gold via a stock broking account as they would shares on the ASX – also saw significant inflows in June as prices dipped.
“Total holdings in Perth Mint Gold Structured Product (ASX:PMGOLD) increased during June with holdings up by 4,796 oz (1.55%),” the report noted. “This brings total holdings in PMGOLD to 313,695 ounces (9.76 tonnes).”
