Perth Mint Bullion Sales Mixed in March and First Quarter 2018

by CoinNews.net on April 27, 2018 · 0 comments

Perth Mint 9999 Fine 1 Ounce Silver Bars

Perth Mint 9999 Fine 1 Ounce Silver Bars

Demand for Australian bullion coins and bars was divided in March from February with gold sales stronger and silver sales weaker, according to Perth Mint figures. In contrast, gold sales ended lower and silver sales finished higher in first quarter 2018 against the same period last year.

March gains registered against divided precious metals with LBMA prices for the month up 0.5% for gold but down 1% for silver. As for the quarter, gold advanced 1% while silver sank 3.5%.

Bullion Sales in March & First Quarter 2018

Perth Mint sales of gold coins and gold bars reached 29,883 ounces last month, registering increases of 12.9% from February and 34.4% from March 2017.

First quarter or year to date sales at 93,530 ounces were 22.2% lower than the 120,234 ounces delivered during the first three months of 2017.

March sales of silver coins and silver bars totaled 975,921 ounces, slipping 1.7% from February but rising 36.3% from a year ago March.

Silver sales accumulated to 3,036,236 ounces in the first quarter for a 24% increase over last year’s starting three-month total of 2,449,503 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from March 2017 to March 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
March 2018 975,921 29,883
February 2018 992,954 26,473
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

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