Demand for Australian bullion products slowed in February from the previous month but grew from a year earlier, according to the latest figures from The Perth Mint of Australia. The Mint’s silver bullion sales, while lower, were solid.
Gains registered against falling precious metals with LBMA prices in February down 2% for gold and 4.6% for silver.
Bullion Sales in February 2018
The Perth Mint’s sales of gold coins and gold bars accumulated to 26,473 ounces in February, slipping 28.8% from January but 4.8% higher than the same month a year earlier.
Year to date gold sales at 63,647 ounces are 35.1% lower than the 98,002 ounces delivered in the first two months of last year.
February sales of silver coins and silver bars totaled 992,954 ounces, growing 97.7% from February 2017 but sliding 7% from January when demand hit a six-month high. Last month’s total was the fourth highest in the last 12 months and the second highest since July.
Perth Mint silver sales tally to 2,060,315 ounces for the year so far, up 18.9% from last year’s starting two-month total of 1,733,220 ounces.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from February 2017 to February 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)|
I will always be a fan and purchaser of Perth mint products. Amazing bullion products, but the world mints bullion selection is a tough market. So much choice.
Just out of curiosity, have you ever made any purchases from the Royal Australian Mint in Canberra? Just wondering.
I have never purchased from the Royal Australian mint, only the Perth. The Perth proof as well as bullion products are of very high quality. I have ordered directly from the Perth and have only good things to say – great customer service, fast international shipping. You can also set up an account to purchase Perth bullion directly from the mint. Great service. I will tour both mints someday.
Mouse – Thank you.
Not a problem. The Royal Australian mint released a 2018 1oz gold – map of the world proof coin – graded 70 has blown up in value. Beautiful design, not for me, but a beauty none the less. They do some fine gold minting.