Perth Mint’s January Gold Sales Surges 38%, Silver Jumps 22%

The Perth Mint’s sales of gold and silver products rose in January from the previous month, the mint said in a blog post on its website on Thursday.

2018 Silver Bullion Perth Mint Australia Silver

Perth Mint’s Gold Sales Surges 38%, Silver 22%

Sales of gold coins and minted bars surged about 38 percent to 37,174 ounces in January from 27,009 ounces a month ago, the mint said. However, gold sales nearly halved in January compared with the same month last year.

Silver sales in January jumped 22 percent month-on-month to 1,067,361 ounces, the highest since July. However, sales were down 13 percent compared with the same time last year.

2018 Silver Bullion Perth Mint Australia Silver

The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world’s second-largest gold producer after China. Spot gold prices rose 3.2 percent in January.

           Period         Gold (oz)     Silver (oz)
        (year-month)                 
          2018-Jan         37,174       1,067,361
          2017-Dec         27,009         874,437
          2017-Nov         23,901         544,436
          2017-Oct         44,618         999,425
         2017-Sept         46,415         697,849
          2017-Aug         23,130         392,091
         2017-July         23,675       1,167,963
         2017-June         19,259       1,215,071
          2017-May         29,679         826,656
        2017-April         10,490         468,977
        2017-March         22,232         716,283
          2017-Feb         25,257         502,353
          2017-Jan         72,745       1,230,867
          2016-Dec         63,420         430,009
          2016-Nov         54,747         984,622
          2016-Oct         79,048       1,084,213
         2016-Sept         58,811       1,031,858
          2016-Aug         14,684         376,461
         2016-July         16,870         693,447
         2016-June         31,368       1,220,817
          2016-May         21,035         974,865
        2016-April         47,542       1,161,766
        2016-March         47,948       1,756,238
          2016-Feb         37,063       1,049,062
          2016-Jan         47,759       1,473,408

 

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