Perth Mint Gold and Silver Bullion Sales in May

by CoinNews.net on June 3, 2016 · 2 comments

2016 Australian Kangaroo 1-10oz Gold Bullion Coin

Perth Mint gold sales retreated in May

Sales of Australian gold bullion slumped to at least a 3-year low in May, while silver bullion missed the million ounce mark for the first time in 9 months, according to Perth Mint of Australia data released on Thursday, June 2.

Perth Mint bullion sales registered against a backdrop of falling precious metals with London fixings in May posting sharp losses of 5.7% for gold and 10% for silver.

Bullion Sales in May 2016

The Perth Mint in May sold 21,035 ounces in gold coins and gold bars, the lowest monthly amount since CoinNews started tracking the Mint’s data in February 2013. The level marks a 55.8% drop from April and a 2.9% decline from the same month last year.

Year to date gold sales total 201,347 ounces for an advance of 46.3% from the 137,631 ounces sold during in the first five months of 2015.

Perth Mint sales of silver bullion increased in May by 974,865 ounces, down 16.1% from previous month but 188.8% higher than a year earlier.

In the January to May period, the Mint’s silver sales at 6,415,339 ounces are 164.4% higher than last year’s starting five-month total of 2,426,408 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from May 2015 to May 2016.

Perth Mint Bullion Sales (in troy ounces)
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
January 2016 1,473,408 47,759
December 2015 1,083,460 40,096
November 2015 1,145,239 31,664
October 2015 1,751,898 66,951
September 2015 3,349,557 63,791
August 2015 707,656 33,390
July 2015 746,700 51,088
June 2015 384,586 31,019
May 2015 337,511 21,671

 

{ 2 comments… read them below or add one }

Barry June 4, 2016 at 11:34 am

Premiums have gone up on these. Bullion coins with lower premiums are no doubt being bought instead.

Seth Riesling June 4, 2016 at 4:51 pm

Barry –

I noticed also that the premium on the bullion silver Australian Kangaroo coin is higher than most other 1-oz silver bullion coins. I always wondered why?

-NumisDudeTX

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