Demand for Australian bullion coins bounced in June after a slowing in May, and soared through the first half of this year, according to the latest figures from the Perth Mint of Australia.
The Mint’s silver coins scored above the million ounce level for the ninth time in ten months and its gold sales rebounded from an at least 3-year low.
Perth Mint bullion sales registered against a backdrop of soaring precious metals with London fixings in June logging advances of 9% for gold and 14.3% for silver.
Bullion Sales in June 2016
The Perth Mint sold 31,368 ounces in gold coins and gold bars last month for a 49.1% increase over May when sales ranked the weakest since CoinNews started tracking the Mint’s data in February 2013. Sales climbed a more modest 1.1% above the same month from a year earlier.
“Stronger investor sentiment in June resulting from the UK’s Brexit vote helped reverse the decline in sales of Australia coins and bars evident over the past two months,” the Perth Mint said.
Gold sales through the first half of 2016 tally to 232,715 ounces, up 38% from last year’s starting six-month total of 168,650 ounces..
Perth Mint sales of silver bullion jumped by 1,220,817 ounces last month, notching gains of 25.2% from the previous month and 217.4% from June 2015.
Silver sales through the first half of the year total 7,636,156 ounces, smashing last year’s January to June total of 2,810,994 ounces by 171.7%.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from June 2015 to June 2016. The figures show monthly ounces of gold and silver shipped by the Minted Products division of The Perth Mint to wholesale and retail customers worldwide. It excludes sales of cast bars and other Group activities including sales of allocated/unallocated precious metal for storage by the Depository.
|Perth Mint Bullion Sales (in troy ounces)|