March sales of Australian bullion coins and bars ended mixed from February — higher for silver and lower for gold, according to the latest Perth Mint figures.
The Mint’s gold sales dropped to their lowest level in seven months but their silver sales bounced after more than halving previously.
These sales registered against a backdrop of lower precious metals with LBMA prices in March marking declines of 0.9% for gold and 1.2% for silver.
Bullion Sales in March 2017
March sales of Perth Mint gold coins and gold bars totaled 22,232 ounces, for declines of 12% from February and 53.6% from March 2016.
For the first quarter or year to date, gold sales reached 120,234 ounces for a 9.4% decrease from the 132,700 ounces sold during the first three months of last year.
The Perth Mint delivered 716,283 ounces in silver bullion last month, rising 42.6% from February but falling 59.2% from a year earlier.
Silver sales tallied to 2,449,503 ounces in the first quarter for a 42.8% drop from last year’s starting three-month total of 4,278,708 ounces.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from March 2016 to March 2017. 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)|