{"id":836902,"date":"2026-08-01T02:33:19","date_gmt":"2026-08-01T02:33:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/836902\/"},"modified":"2026-08-01T02:33:19","modified_gmt":"2026-08-01T02:33:19","slug":"perth-mint-sets-guinness-record-for-worlds-largest-gold-bar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/836902\/","title":{"rendered":"Perth Mint sets Guinness record for world’s largest gold bar"},"content":{"rendered":"

A gold bar produced in Western Australia weighing more than half a tonne has claimed the Guinness World Records title for the world’s largest gold bar.<\/p>\n

The Perth Mint created the 521.2 kilogram bar using Australian gold, refined to a 99.999 per cent purity.<\/p>\n

Mint chief executive Paul Graham said the current world standard was 99.99 per cent.<\/p>\n

“To get to five-nines gold, 99.999, not many can do that,” he said.<\/p>\n

\"A<\/p>\n

More than 35 specialists were involved in the project. (ABC News: Mya Kordic)<\/p>\n

“It’s nothing short of a miracle.”<\/p>\n

The achievement broke the previous world record of 300 kilograms, set by a mint in Dubai two years ago.<\/p>\n

What’s the point?<\/p>\n

A team of more than 35 specialists were involved in the project, which Mr Graham labelled the “People’s Bar”.<\/p>\n

Mr Graham said the idea for the project came a year ago, with the Mint conducting a “practice run” ahead of the bar’s creation.<\/p>\n

He said officials from the Guinness Book of World Records attended on site to watch every step of the process, which took up to three days.<\/p>\n

\"A<\/p>\n

Paul Graham says it’s a “miracle” to produce such a big gold bar at 99.999 per cent purity. (ABC News: Mya Kordic)<\/p>\n

As for what the record-breaking bar was worth, Mr Graham said he wished he knew.<\/p>\n

“Naturally most people work out that the metal price alone is over $100 million, but something that unique, it’s never been done before,” he said.<\/p>\n

As to the purpose, the bar serves as promotion of the Perth mint and its capabilities.<\/p>\n

The Mint said the spectacle would help showcase the expertise of its local refiners and Australia’s gold industry to the world.<\/p>\n

It will eventually be on display at the Mint alongside another record-breaking creation, a one tonne gold coin unveiled in 2011.<\/a><\/p>\n

Gold exports grow<\/p>\n

Australia’s gold export earnings are forecast to grow to $60 billion in 2025-26 from $47 billion in 2024-25, according to the Minerals Council of Australia (MCA).<\/p>\n

\"A<\/p>\n

Mr Graham says the gold bar’s metal price is over $100 million.\u00a0 (ABC News: Mya Kordic)<\/p>\n

That trajectory would see gold become Australia’s second-largest export earner after iron ore, the MCA said.<\/p>\n

The price of spot gold was about $US4,079 per ounce on Friday, according to the global financial data provider LSEG.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A gold bar produced in Western Australia weighing more than half a tonne has claimed the Guinness World…\n","protected":false},"author":2,"featured_media":836903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99,373919,308,5284,162307,408851,22059,123453,86,408850,8123,408849,45],"class_list":["post-836902","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business","tag-daniel-pastorelli","tag-exploration","tag-gold","tag-gold-bar","tag-gold-production","tag-guinness-world-records","tag-perth-mint","tag-perth-news","tag-record-breaking-gold-bar","tag-resources","tag-the-largest-gold-bar","tag-wa-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/836902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=836902"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/836902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/836903"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=836902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=836902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=836902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}