Perth Mint Gold and Silver Bullion Sales Soar in March

2016 Australian Kangaroo 1oz Silver Bullion Coin
2016 Australian Kangaroo 1oz Silver Bullion Coin

Demand in March for Australian bullion products soared with gold sales the highest in five months and silver sales the strongest in six months. And, according to the latest figures from the Perth Mint of Australia, they trounced their year-ago levels.

In extending a streak, silver sales also notched their seventh straight month above 1 million ounces. Plus, they logged their second highest month on record since CoinNews started tracking the Mint’s data in February 2013.

Bullion Sales in March 2016

Perth Mint sales of gold coins and gold bars totaled 47,948 ounces in March, surging 29.4% from February and jumping 40% higher than sales from a year earlier.

For the first quarter or year to date, gold sales reached 132,700 ounces for a 48.4% increase over the 89,415 ounces delivered in the first three months of last year.

The Perth Mint sold 1,756,238 ounce in bullion silver last month, up 67.4% from February and 175% higher than March 2015.

Finally, silver sales tally to 4,278,708 ounces in the first quarter for a 164.7% increase over last year’s opening three-month total of 1,616,624 ounces.

Perth Mint Gold and Silver Sales by Month

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

Perth Mint Bullion Sales (in troy ounces)
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
April 2015 472,273 26,545
March 2015 638,557 34,260


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Seth Riesling

FYI CoinNews readers –

Perth Mint Australia will offer its much-anticipated & one month delayed 2016 Star Trek Deep Space Nine (TM) gold-pressed latinum slip coin on May 3. Plus a Spock Coin & Stamp Cover & Enterprise Coin & Stamp Cover also on May 3 for all us ST fans!