Perth Mint Gold and Silver Bullion Sales Pick Up in May

2017 Australian Lunar Rooster 1-Ounce Silver Bullion Coin Photo
A CoinNews photo of a 2017 Australian Lunar Rooster 1oz Silver Bullion Coin

Australian bullion sales in May ran the quickest in four months, according to the latest round of Perth Mint figures.

The Mint’s gold sales more than doubled those from April, when they logged their weakest monthly total in at least four years, and their silver sales advanced by more than 800,000 for only the second time this year.

Bullion Sales in May 2017

May sales of Perth Mint gold coins and gold bars climbed 29,679 ounces, notching gains of 182.9% from April and 41.1% from a year earlier. In April, the Mint’s gold sales registered their weakest tally since CoinNews started tracking the Perth Mint’s data in February 2013.

Year-to-date gold sales at 157,403 ounces are 21.8% lower than the 201,347 ounces moved in the first five months of last year.

The Perth Mint sold 826,656 ounces in silver bullion last month, marking an increase of 76.3% from April but logging a decline of 15.2% from May 2016.

For the year so far, silver sales at 3,745,136 ounces are 41.6% lower than last year’s starting five-month total of 6,415,339 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from May 2016 to May 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
May 2017 826,656 29,679
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


Notify of

Inline Feedbacks
View all comments