Perth Mint Bullion Sales Rebound in September

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

Australian bullion demand rebounded in September, according to figures from The Perth Mint.

The Mint’s gold sales doubled the previous month and its silver sales bounced from their lowest level in a year.

Bullion Sales in September 2017

The Perth Mint sold 46,415 ounces in gold coins and gold bars last month, the most since January and 101% more than in August. However, the total was down 21.1% from September of last year.

Year to date sales at 269,882 ounces fell 16.5% from the 323,080 ounces sold during the first nine months of 2016.

Perth Mint sales of silver bullion reached 697,849 ounces, jumping 78% from August when they ended at a 1-year low. The total was still 32.4% lower than September 2016.

For the January to September period, silver sales at 7,218,110 ounces dropped 25.9% from the 9,737,922 ounces delivered through the same months in 2016.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from September 2016 to September 2017. The figures show monthly ounces of gold and silver shipped as minted products by 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
September 2017 697,849 46,415
August 2017 392,091 23,130
July 2017 1,167,963 23,675
June 2017 1,215,071 19,259
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
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