Australian bullion sales in November sank from their quickened pace in October and from a year earlier, according to figures published Dec. 4 by The Perth Mint of Australia.
The sales registered against a backdrop of mixed precious metals in November with LBMA prices rising 0.8% for gold and falling 1.5% for silver.
U.S. Mint sales of its core bullion products also declined sharply last month and from a year ago.
Bullion Sales in November 2017
The Perth Mint sold 23,901 ounces in gold coins and gold bars last month, marking drops of 46.4% from October and 56.3% from November 2016.
Year to date gold sales at 338,401 ounces are 25.9% lower than the 456,875 ounces sold during the same eleven months of 2016.
November sales of silver bullion totaled 544,436 ounces, the lowest amount since August after reaching a three-month high in October. In percentages, the tally is 45.5% lower than the previous month and 44.7% lower than November of last year.
Year to date silver sales at 8,761,971 ounces are 25.8% lower than the 11,806,757 ounces sold 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 November 2016 to November 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)|