Demand for Australian bullion products picked up in January with silver sales the highest since July and gold sales the strongest since October, according to the latest figures from The Perth Mint of Australia. Their levels, however, were down from a year ago.
Gains happened against rising precious metals with LBMA prices in January registering increases of 3.7% for gold and 2.2% for silver.
Bullion Sales in January 2018
The Perth Mint’s sales of gold coins and gold bars reached 37,174 ounces in January, growing 37.6% from December but 48.9% lower than the same month a year earlier.
January sales of silver coins and silver bars hit 1,067,361 ounces, climbing 22.1% above the previous month but falling 13.3% from January 2017.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from January 2017 to January 2018. 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 | |
| January 2018 | 1,067,361 | 37,174 |
| December 2017 | 874,437 | 27,009 |
| November 2017 | 544,436 | 23,901 |
| October 2017 | 999,425 | 44,618 |
| 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 |
