Australian gold and silver sales surged to three-month highs in January, the latest figures from the Perth Mint show.
Silver sales posted a fifth straight month atop 1 million ounces, and they marked the third highest month since CoinNews started tracking the Mint’s data in February 2013. The two higher months happened in September and October.
Year-over-year gains were impressive as well with gold sales 2x higher and silver sales 2.5x higher.
Bullion Sales in January 2016
January sales of Perth Mint gold coins and gold bars reached 47,759 ounces, rising 19.1% from the previous month and jumping 106.1% over January 2015.
The Mint sold 1,473,408 ounces of silver last month, logging a 36% advance from December and a 151.5% increase from a year earlier.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from January 2015 to January 2016.
|Perth Mint Bullion Sales (in troy ounces)|