Perth Mint Gold Bullion Sales Soar in October

2016 Australian Kangaroo 1-10oz Gold Bullion Coin
Perth Mint gold sales surged in October

Australian bullion sales in October ranged from strong to soaring, according to the latest figures from the Perth Mint.

The Mint’s gold sales rallied to their highest level in almost 3 1/2-years and its silver sales leapt above the million ounce mark for the seventh time this year.

Gains happened against sinking precious metals with LBMA prices in October registering losses of 3.8% for gold and 8.2% for silver. They were supported again by new 2017-dated bullion coins.

U.S. Mint bullion sales also strengthened last month, and grew from October 2015. Perth Mint totals, however, split from the same month last year with gold sales higher and silver sales lower.

Bullion Sales in October 2016

Perth Mint sales of gold coins and gold bars at 79,048 ounces last month registered gains of 34.4% from September and 18.1% from October 2015. The monthly haul is the biggest since sales of 88,638 ounces in May 2013.

For the January to October period, gold sales at 402,128 ounces climbed 4.8% from last year’s first ten-month total of 383,870 ounces.

The Perth Mint sold 1,084,213 ounces in silver bullion last month, for a 5.1% increase over sales in September but a 38.1% decrease from the 1,751,898 ounces delivered in October 2015 — the third highest monthly total since CoinNews started tracking the Mint’s data in February 2013. The Mint posted silver sales of more than 1 million ounces in every month this year but May, July, and August.

Year to date silver orders at 10,822,135 ounces are 15.5% higher than the 9,366,805 ounces sold during the same period last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from October 2015 to October 2016. The figures show monthly ounces of gold and silver shipped by the Minted Products division of 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.

Perth Mint Bullion Sales (in troy ounces)
October 2016 1,084,231 79,048
September 2016 1,031,858 58,811
August 2016 376,461 14,684
July 2016 693,447 16,870
June 2016 1,220,817 31,368
May 2016 974,865 21,035
April 2016 1,161,766 47,542
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


Notify of

1 Comment
Inline Feedbacks
View all comments

I am a fan or Perth proof and bullion coins. I have and will always have them in my collection. The quality is amazing.