Perth Mint Bullion Demand Down in First Half of 2018; Silver Sales Plunge

by CoinNews.net on July 13, 2018 · 0 comments

Perth Mint 9999 Fine 1 Ounce Silver Bars

Perth Mint 9999 Fine 1 Ounce Silver Bars

Demand was mixed last month for Australian bullion coins and bars, according to the latest sales figures from The Perth Mint of Australia.

June sales of gold bullion rose to a three-month high but silver bullion ran the slowest since CoinNews started tracking the Mint’s monthly data in February 2013.

In the longer haul, the Mint’s bullion sales in the first half of this year, for both gold and silver, dropped sharply compared to the same period last year.

Bullion Sales in June 2018 & YTD

The Perth Mint last month sold 16,847 ounces in gold coins and gold bars, marking an increase of 13.8% from June but a 12.5% drop from June 2017.

Gold sales in the first half of 2018 at 140,338 ounces are 20.6% lower than the 176,662 ounces sold during the first six months of 2017.

The Mint’s silver coins and silver bars reached just 229,280 ounces in June, marking drops of 58.9% from May and 81.1% from June of last year.

Silver sales through the first half of this year at 4,281,291 ounces are 13.7% lower than the 4,960,207 ounces sold during the same period last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from June 2017 to June 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
June 2018 229,280 16,847
May 2018 557,120 14,800
April 2018 458,655 15,161
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

Leave a Reply

avatar
  
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
  Subscribe  
Notify of