Australian sales of bullion gold and silver soared in September, the latest figures from the Perth Mint show. Demand for the Mint’s silver products was on fire with sales the highest in at least 2-2/3 years. Gold sales, meanwhile, jumped the most in a year.
Perth Mint orders of gold coins and gold bars hit 63,791 ounces last month, surging 91.1% from the 33,390 ounces delivered in August while slipping 7.3% from the 68,781 ounces sold in September 2014.
For the year so far, gold sales at 316,919 ounces are down 14.6% from last year’s first nine-month total of 371,244 ounces.
Perth Mint silver coins rallied to 3,349,557 ounces in September. That’s more than the prior six months combined and the highest on record since CoinNews has tracked the Mint’s monthly data going back to February 2013. It marks a 373.3% increase over August and a 342.6% increase from September of last year.
From the January through September period, silver sales combine to 7,614,907 ounces for a 36.4% jump over the same period last year when they totaled 5,582,019 ounces.
Perth Mint Gold and Silver Sales by Month
Below is a monthly breakdown of Perth Mint bullion sales from September 2014 to September 2015.
|Perth Mint Bullion Sales (in troy ounces)|
Gains in September were supported by weaker gold and silver prices, making Perth Mint bullion coins and bars cheaper to buy. The Mint also released new products to include 2016-dated Gold and Silver Kangaroo Bullion Coins. A year’s newly dated coins always attract stronger buying the month of release. Last week, on Oct. 5, the Mint launched its 2016 Lunar Year of the Monkey Gold and Silver Bullion Coins.