Perth Mint Gold and Silver Bullion Sales Rebound in July

2018 Australian Kangaroo 1 oz Silver Bullion Coin
CoinNews photo of a 2018 Australian Kangaroo 1 oz Silver Bullion Coin

Demand for Australian bullion products rebounded in July with gold sales the highest in six months and silver sales more than doubling June’s level when they hit a multi-year low, the latest sales figures from The Perth Mint of Australia show.

The monthly gains happened against a backdrop of falling precious metals with LBMA prices in July dropping 2.4% for gold and 3.7% for silver.

Bullion Sales in July 2018

Perth Mint sales of gold coins and gold bars reached 29,921 ounces last month — the most since January, marking increases of 77.6% from June and 26.4% from July of last year.

Their year-to-date total at 170,259 ounces is 15% lower than the 200,337 ounces sold through the first seven months of 2017.

The Perth Mint sold 486,821 ounces in silver coins and silver bars in July, scoring a 112.3% increase from the previous month but dropping 58.3% from July 2017. The strong month-over-month advance was supported by a terrible June when silver sales ran the slowest since CoinNews started tracking the Mint’s monthly data in February 2013.

For the January to July period, silver sales at 4,768,112 ounces slowed 22.2% from the 6,128,170 ounces delivered through the same months in 2017.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from July 2017 to July 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
July 2018 486,821 29,921
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
Notify of

Inline Feedbacks
View all comments