Demand for Australian bullion products was mixed in January compared to December with silver sales higher and gold sales lower, figures from the Perth Mint of Australia show. Mint sales of both silver and gold products declined from a year ago.
Perth Mint bullion sales were logged against a backdrop of soaring precious metals. London fixings in January scored gains with gold up 5.1% and silver up 6%.
Bullion Sales in January
January sales of Perth Mint gold coins and gold bars advanced 23,174 ounces, down 42.4% from December sales of 40,211 ounces and 64.3% lower than sales of 64,818 ounces from a year earlier. The monthly total was the lowest since April 2012.
Perth Mint sales of silver coins jumped by 585,953 ounces last month, 22.7% more than the prior month but 35.8% lower than the 912,388 ounces sold in January 2014.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from January 2014 to January 2015.
| Perth Mint Bullion Sales (in troy ounces) | ||
|---|---|---|
| Silver | Gold | |
| January 2015 | 585,953 | 23,174 |
| December 2014 | 477,731 | 40,211 |
| November 2014 | 851,836 | 49,904 |
| October 2014 | 655,881 | 55,350 |
| September 2014 | 756,839 | 68,781 |
| August 2014 | 818,856 | 36,369 |
| July 2014 | 577,988 | 25,103 |
| June 2014 | 586,358 | 39,405 |
| May 2014 | 630,349 | 36,127 |
| April 2014 | 361,988 | 23,461 |
| March 2014 | 545,165 | 30,177 |
| February 2014 | 392,088 | 47,003 |
| January 2014 | 912,388 | 64,818 |
US Mint Bullion Sales in January
U.S. Mint bullion sales in January were higher than in December and mixed from a year ago January.
American Silver Eagle bullion sales at 5.53 million ounces rallied 124.9% from December sales of 2.459 million ounces and climbed 15.8% from sales of 4.775 million ounces in January 2014.
American Gold Eagle bullion sales at 81,000 ounces surged 350% from prior-month sales of 18,000 ounces but declined 11.5% from the 91,500 ounces sold a year earlier.
American Buffalo gold coins at 34,500 ounces soared 667% from December sales of 4,500 ounces yet dropped 16.9% from sales of 41,500 ounces in January 2014.
