Perth Mint Gold and Silver Bullion Sales Slow in April

2017 Australian Kangaroo 1 oz Silver Bullion Coin
CoinNews photo of a 2017 Australian Kangaroo 1oz Silver Bullion Coin

Sales of Australian bullion coins and bars slowed in April, according to the latest figures from The Perth Mint of Australia.

The Mint’s gold sales dropped for a third straight month and to their weakest point in at least four years and their silver orders retreated to a four-month low.

These sales registered against a backdrop of mixed precious metals in April with LBMA prices 1.7% higher for gold and 3.6% lower for silver.

Bullion Sales in April 2017

April sales of Perth Mint gold coins and gold bars climbed by 10,490 ounces, the lowest monthly total since CoinNews started tracking the Mint’s data in February 2013. The level marks declines of 52.8% from March and 77.9% from April 2016.

Year-to-date gold sales at 130,724 ounces fell 27.5% from the 180,312 ounces delivered in the first four months of last year.

The Perth Mint sold 468,977 ounces in silver bullion last month, logging declines of 34.5% from the previous month and 59.6% from a year earlier.

For the year to date, silver sales at 2,918,480 ounces dropped 49.4% from last year’s starting four-month total of 5,440,474 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from April 2016 to April 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)
  Silver Gold
April 2017 468,977 10,490
March 2017 716,283 22,232
February 2017 502,353 25,257
January 2017 1,230,867 72,745
December 2016 430,009 63,420
November 2016 984,622 54,747
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


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