The Royal Mint Reports Record-Breaking Quarter as Gold Demand Surges

The Royal Mint has announced a record-breaking start to 2025, reporting the highest-ever online bullion coin sales in its history. Between January and March 2025, demand for gold, silver, and platinum surged as investors sought secure, tax-efficient assets amid ongoing global economic uncertainty.

Revenue from online bullion coin sales increased by 46% on the previous quarter, and by an extraordinary 306% compared to Q4 of the 2023/24 financial year. This marks the third consecutive quarter of record growth for The Royal Mint’s bullion division and signals sustained appetite for precious metals as safe-haven investments.

The growth in demand was driven in part by gold’s exceptional performance during the quarter, with prices reaching new all-time highs in GBP on 17 separate occasions. Investors were also drawn by the tax advantages of Capital Gains Tax-exempt bullion coins. Gold coin revenue surged 329% year-on-year, with the total weight of gold coins sold rising 208% compared to the same period in 2024.

Online interest soared, with the number of customers purchasing gold from royalmint.com increasing by 46% year-on-year. More customers bought bullion from The Royal Mint online this financial year than in any other in the organisation’s history.

While gold remains the cornerstone of many investment portfolios, the report reveals growing interest in other precious metals. Revenue from silver bullion sales was up 134% year-on-year. Digital Silver saw remarkable growth, with a 1,268% year-on-year increase in revenue and an 887% increase in weight sold. Demand rose 86% compared to the previous quarter.

Platinum also showed signs of resurgence. The weight of platinum sold rose 53% year-on-year, with Digital Platinum sales increasing 133% by volume and 151% by revenue. The number of platinum buyers climbed 23% compared to the same period in 2024, indicating a broader investor shift toward undervalued metals.

In total, The Royal Mint’s digital precious metals revenue grew by 206% year-on-year and 28% compared to the previous quarter—marking the strongest quarter in the company’s history for digital bullion trading.

Stuart O’Reilly, Market Insights Manager at The Royal Mint, commented:
“The sustained surge in gold demand shows the growing appeal of safe-haven assets in today’s economic climate. As gold continues to reach new highs, that momentum has driven further interest in The Royal Mint’s physical silver, platinum, and digital precious metals products, which offer more accessible entry points for investors. This activity signals a shift in investor sentiment, as more individuals seek to protect and grow their wealth amid global volatility.”