Perth Mint Gold Sales Jump 131% to 67,249 troy ounces amid volatility

The Perth Mint’s monthly update, published March 05, 2026, reported a 131% month‑over‑month increase in sales of gold coins and minted bars for February 2026, rising to 67,249 troy ounces from 29,103 troy ounces in January. The sales total covers minted product — coins and bars — and represents the primary, attributable data point in the Mint’s bulletin.

Market commentary appended to the sales picture emphasizes an unusual pairing of volume and price. Discoveryalert observed that “Perth Mint gold sales surged 131% while prices simultaneously appreciated 8%” in February 2026 and argued that “This simultaneous increase in volume and price suggests that February represented exceptional circumstances where volatility itself, rather than price direction, drove accumulation behaviour.” Discoveryalert further framed the event as one where “investors anticipated rather than reacted to these events, indicating sophisticated market participants driving demand rather than retail panic buying.” Those lines are presented as interpretation rather than direct Mint data.

Historic benchmarks help put February’s 67,249 oz into perspective. Auronum’s analysis notes that Perth Mint monthly sales averaged roughly 50,000–60,000 ounces in normal periods and that March 2020 remains the most extreme recent spike, when the Mint sold 115,872 ounces as gold moved to approximately USD 1,700 per ounce. Compared with that March 2020 outlier, February 2026’s total sits above the long‑run monthly baseline but well below the pandemic peak cited by Auronum.

The Perth Mint’s broader site material supplied in excerpts offers additional, month‑specific metrics that illustrate variability in demand. For October — explicitly referenced in the Mint excerpts — PMGOLD (ASX: PMGOLD) holdings rose by 7,006 ounces, a 2.65% increase that brought total holdings to 270,919 ounces (8.43 tonnes). The Mint also noted 29,935 ounces of gold and 539,898 ounces of silver sold in minted product form during October. Another Perth Mint excerpt records that “Opening December around USD 4,200, gold moved higher to hit a new record of approximately USD 4,549 during trading on 26 December,” though the excerpt does not specify the year for this December record.

The published materials contain a few notable gaps. The Perth Mint monthly update’s line on year‑on‑year sales is truncated in the published excerpt, and no complete YoY figure appears; the Mint’s February release does not include a YoY percentage in the supplied text. Likewise, the claim that prices “simultaneously appreciated 8%” in February appears in Discoveryalert’s commentary and is not stated in the Perth Mint update excerpt, so the price change is presented here as a secondary source assertion rather than Mint‑reported data.

If February’s surge proves persistent, the interplay between minted product flows, PMGOLD holdings, and spot price dynamics will be the next test of whether volatility is reshaping physical gold demand. For now, the concrete numbers are clear: 67,249 troy ounces sold in February 2026, published March 05, 2026, and a market debate about whether that movement was driven by volatility, price direction, or a shift toward larger, possibly institutional buyers.