July Sales Resilient Despite Choppy Precious Metals Market

The Perth Mint sold 30,871 troy ounces (oz) of gold, 486,043 oz of silver and 1,915 oz of platinum in minted product form during July 2026.  

Gold traded largely rangebound throughout July. Opening the month at around USD 4,000, the precious metal strengthened following softer-than-expected US employment data and comments from US Federal Reserve Chair Kevin Warsh suggesting inflation risks had eased. After reaching an early-month high of almost USD 4,175, gold gradually retreated as the evolving conflict in the Middle East and ongoing uncertainty surrounding the US economy influenced investor sentiment. These factors contributed to heightened market volatility, with several trading sessions recording moves of close to plus or minus 2%. By month-end, gold was trading near USD 4,050, delivering a modest monthly gain of around 1% despite touching its lowest level of the year during July. 

In Australian dollar terms, gold briefly traded back above AUD 6,000 in early July before falling below that key level. It fell under AUD 5,700 by mid-month, its lowest level of the year, before recovering to finish the month down around 1% to approximately AUD 5,760 reflecting the stronger Australian dollar. 

Silver also experienced a volatile July, although price movements were less pronounced than earlier in the year. Like gold, silver also touched its lowest level of 2026 before recovering as markets continued to respond to macroeconomic and geopolitical uncertainty. By the end of the month, silver was trading around USD 58 an ounce, down slightly for the month. 

In Australian dollar terms, silver fell below AUD 80 before recovering to close July near AUD 82.50, for an overall decline of approximately 3%. 

The Gold Silver Ratio was near 70 at the end of month.  

Platinum prices recovered during July after reaching recent lows in late June, with renewed investor buying at lower price levels providing support to the market. 

Minted products 

The Perth Mint sold 30,871 oz of gold, 486,043 oz of silver and 1,915 oz of platinum in minted product form during July. 

The table below highlights how these numbers compare to sales seen one month, three months and one year ago.  

JULY 2026 SALES OF GOLD AND SILVER SOLD AS COINS AND MINTED BARS (TROY OUNCES) AND CHANGE (%) RELATIVE TO PRIOR PERIODS. 

The Perth Mint’s General Manager Distributors and Product Development, Neil Vance, said customers continued to favour The Perth Mint's flagship bullion products, with strong demand for both gold and silver offerings throughout July. 

"Our minted gold bars continued to perform strongly during July, while the 1oz Silver Rectangular Dragon coin remained one of our standout silver products," Mr Vance said. 

"Investors and collectors continue to value trusted products that combine quality, craftsmanship and investment appeal." 

The Perth Mint manufactures and markets the Australian Precious Metal Coin and Minted Bar Program. Trusted worldwide for their purity and quality, the coins include annual releases of the renowned Australian kangaroo, kookaburra, koala, and lunar series. In addition, periodic releases and series offer investors a choice of alternative design themes. Learn more about the Mint’s upcoming releases. 

New bullion releases in July 2026 

• Dragon 2026 1oz Gold Rectangular Bullion Coin 

• Dragon 2026 1oz Silver Rectangular Individual Bullion Coin 

• Dragon 2026 1oz Silver Rectangular Bullion Coins in Tube 

• Australian Swan 1oz Gold Minted Bar 

Bullion sellouts in July 2026 

• 2024 TMNT 40th Anniversary 1oz Silver Bullion Coin 

• 2025 Australian Brumby 1oz Silver Bullion Coin 

• 2025 Australian Lunar Series III Year of the Snake 1oz Silver Bullion Coin with Dragon Privy 

• 2026 Australian Kookaburra 1/10oz Platinum Bullion Coin 

• 2026 Australian Kookaburra 1/10oz Gold Bullion Coin 

Please note: The figures stated in this article are for total monthly ounces of gold and silver shipped as minted products by The Perth Mint to wholesale and retail customers worldwide during July 2026. They exclude sales of cast bars and other activities including sales of allocated/unallocated precious metals for storage by The Perth Mint.  

Perth Mint Gold Structured Product (ASX:PMGOLD) 

Perth Mint Gold Structured Product is a low-cost exchange traded product (ETP) that allows investors to trade in gold via a stockbroking account as they would shares on the ASX. To learn more, visit the PMGOLD webpage.  

Total holdings in Perth Mint Gold Structured Product (ASX:PMGOLD) increased during July with holdings up by 1,011 oz (0.26%). This brings total holdings in PMGOLD to 382,735 ounces (11.90 tonnes). 

PMGOLD has been nominated as a finalist in the ETF Product category at the Financial Newswire SQM Research Fund Manager of the Year Awards 2026. 

MONTHLY CHANGE IN TROY OUNCES HELD BY CLIENTS IN PERTH MINT GOLD STRUCTURED PRODUCT (ASX:PMGOLD) July 2023 TO July 2026. 

The Perth Mint’s General Manager Institutional and Business Solutions John O'Donoghue said global markets remained highly sensitive to economic and geopolitical developments throughout July. 

"Global factors continue to influence the trajectory of the gold price, with investors closely monitoring economic data, monetary policy expectations and geopolitical developments," Mr O'Donoghue said. 

"Against that backdrop, precious metals remain an important consideration for investors looking to preserve wealth and diversify their portfolios."