Perth Mint Gold and Silver Bullion Sales Mixed in May

Bullion demand was mixed in May for Australian bullion coins and bars with silver sales higher and gold sales lower, according to the latest round of Perth Mint figures. Sales of both gold and silver bullion declined from May 2017, the same data shows.

Orders of the Mint’s bullion products registered against a backdrop of divided precious metals. LBMA prices for the month fell 0.6% for gold and moved up 1% for silver.

Bullion Sales in May 2018 & YTD

The Perth Mint sold 14,800 ounces last month in gold coins and gold bars, marking declines of 2.4% from April and 44.5% from May 2017.

For the year to date, sales at 123,491 ounces are down 21.5% from the 157,403 ounces sold during the same five-month period last year.

Perth Mint sales of silver coins and silver bars reached 557,120 ounces in May, jumping 21.5% from the previous month when they came in at an eight-month low but down 32.6% from May of last year.

Silver sales for the year so far at 4,052,011 ounces are 8.2% higher than the 3,745,136 sold during the first five months of last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from May 2017 to May 2018. 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.