Perth Mint Gold and Silver Bullion Sales Slow for November 2017

Australian bullion sales in November sank from their quickened pace in October and from a year earlier, according to figures published Dec. 4 by The Perth Mint of Australia.

Perth Mint Gold and Silver Bullion Sales Slow in November

Perth Mint Gold and Silver Bullion Sales Slow in November

The sales registered against a backdrop of mixed precious metals in November with LBMA prices rising 0.8% for gold and falling 1.5% for silver.

U.S. Mint sales of its core bullion products also declined sharply last month and from a year ago.

Bullion Sales in November 2017

The Perth Mint sold 23,901 ounces in gold coins and gold bars last month, marking drops of 46.4% from October and 56.3% from November 2016.

Year to date gold sales at 338,401 ounces are 25.9% lower than the 456,875 ounces sold during the same eleven months of 2016.

November sales of silver bullion totaled 544,436 ounces, the lowest amount since August after reaching a three-month high in October. In percentages, the tally is 45.5% lower than the previous month and 44.7% lower than November of last year.

Year to date silver sales at 8,761,971 ounces are 25.8% lower than the 11,806,757 ounces sold through the same months in 2016.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from November 2016 to November 2017. The figures show monthly ounces of gold and silver shipped as minted products by 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)
Silver Gold
November 2017 544,436 23,901
October 2017 999,425 44,618
September 2017 697,849 46,415
August 2017 392,091 23,130
July 2017 1,167,963 23,675
June 2017 1,215,071 19,259
May 2017 826,656 29,679
April 2017 468,977 10,490
March 2017 716,283 22,232
February 2017 502,353 25,257
January 2017 1,230,867 72,745
December 2016 430,009 63,420
November 2016 984,622 54,747

Source Article: http://www.coinnews.net

Perth Mint Gold and Silver Bullion Sales Tumble in February

Australian sales of bullion coins and bars tumbled in February, according to the latest round of Perth Mint figures.

Perth Mint Gold and Silver Bullion Sales Slow in November

Perth Mint Gold and Silver Bullion Sales Slow in November

The Mint’s gold sales fell to their lowest level in six months and their silver sales more than halved from January.

“In line with the worldwide trend, demand for Australian bullion coins and bars was significantly quieter in February,” the Perth Mint said. “Growing confidence in the prospect of improving economic conditions has seen increased demand for alternative assets at the expense of precious metals.”

February sales of Perth Mint gold coins and gold bars at 25,257 ounces registered declines of 65.3% from January and 31.9% from February 2016.

However, for the year to date, gold sales total 98,002 ounces for a 15.5% increase over the 84,822 ounces delivered in the first two months of last year.

The Perth Mint sold 502,353 ounces in silver bullion last month, marking declines of 59.2% from the previous month and 52.1% from a year earlier.

Their silver sales tally to 1,733,220 ounces for the year, down 31.3% from last year’s opening two-month total of 2,522,470 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from February 2016 to February 2017. 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)
Silver Gold
February 2017 502,353 25,257
January 2017 1,230,867 72,745
December 2016 430,009 63,420
November 2016 984,622 54,747
October 2016 1,084,231 79,048
September 2016 1,031,858 58,811
August 2016 376,461 14,684
July 2016 693,447 16,870
June 2016 1,220,817 31,368
May 2016 974,865 21,035
April 2016 1,161,766 47,542
March 2016 1,756,238 47,948
February 2016 1,049,062 37,063

See official article from the Perth Mint