Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Perth Mint sales drop as price volatility cools retail gold and silver demandSummary:Perth Mint gold sales down 35% m/m in March
Silver sales nearly halved m/m
Gold: 43,656 oz vs 67,249 oz prior
Silver: 976k oz vs 1.92mn oz prior
Both metals still higher year-on-year
Gold +8% y/y, silver +37% y/y
March decline tied to price correction
Gold fell ~11%, silver ~20%
Reflects short-term market volatility, not demand shift
Retail demand remains structurally strongThe Perth Mint reported a sharp decline in gold and silver product sales in March, reflecting softer investor demand following a volatile period for precious metals prices.Gold coin and minted bar sales fell 35% month-on-month to 43,656 ounces, while silver sales dropped nearly 50% to 976,450 ounces. The pullback follows a particularly strong February, suggesting some cooling in retail demand after a surge earlier in the year.Despite the monthly decline, underlying demand remains firm. Gold sales were still around 8% higher compared with a year earlier, while silver sales were up approximately 37% on the same basis, pointing to sustained investor interest in precious metals over the medium term.The Perth Mint attributed the drop largely to short-term market dynamics rather than any structural shift in demand. March saw a significant correction in precious metals prices, with gold falling more than 11% and silver dropping around 20% during the month.The move in prices was driven in part by a reassessment of the interest rate outlook, as rising energy prices linked to the Iran conflict fuelled inflation concerns and reduced expectations for near-term monetary easing. Higher yields and a firmer dollar typically weigh on non-yielding assets such as gold, dampening investor demand in the short term.The data highlights the sensitivity of retail precious metals demand to price swings and macro conditions. While longer-term interest remains robust, sharp corrections can temporarily reduce buying activity as investors wait for more stable entry points.As one of the world’s largest refiners and a key barometer of retail investor demand, the Perth Mint’s figures provide a useful snapshot of how individual investors are responding to shifting macro and market conditions.This is a useful real-time demand signal:
Retail flows are tactical → investors step back when prices fall sharply
Confirms rates/real yields still dominate gold pricing
Suggests recent gold weakness is macro-driven, not demand collapse
Strong y/y data shows structural demand remains intact
Helps explain why gold can fall despite geopolitical riskGold isn’t just a “war trade”, it’s still primarily a real yields / Fed policy trade.
This article was written by Eamonn Sheridan at investinglive.com.
💡 DMK Insight
Perth Mint’s sales slump signals a shift in retail sentiment towards gold and silver. A 35% drop in gold sales and nearly 50% in silver month-over-month is significant, especially as both metals still show year-on-year gains—gold up 8% and silver up 37%. This cooling demand suggests that retail investors are becoming more cautious, likely due to recent price volatility. Traders should note that while the long-term trend remains bullish, the immediate outlook may be affected by this dip in retail interest. If volatility persists, we could see further declines in demand, which might pressure prices in the short term. Look for key support levels in gold around recent lows, as a break could trigger more selling. For silver, keep an eye on the $24 mark; if it holds, it could indicate a rebound. Watch how institutional players react to these trends, as they often set the tone for market direction. The real story is whether this dip in retail demand will lead to a broader market correction or if it’s just a temporary pause in an otherwise bullish trend.
📮 Takeaway
Monitor gold’s support around recent lows and silver’s $24 level; a break could signal further selling pressure.
