Demand for Australian bullion products surged in March, according to figures from the Perth Mint of Australia, with gold sales the highest in three months and silver sales the strongest in four months.
Perth Mint gold coins and gold bars rose 34,260 ounces last month, advancing 7.1% from the 31,981 ounces claimed in February and marking a 13.5% increase over the 30,177 ounces moved a year earlier. Gold sales total 89,415 ounces through the first quarter, off 37% from last year’s starting three-month total of 141,998 ounces.
Perth Mint sales of silver coins at 638,557 ounces soared 62.9% from the 392,114 ounces in February and jumped 17.1% from the 545,165 ounces sold in March 2014. In the January to March period, silver sales total 1,616,624 ounces for a 12.6% decline from first quarter 2014 sales of 1,849,641 ounces.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from March 2014 to March 2015.
|Perth Mint Bullion Sales (in troy ounces)|