Perth Mint Gold and Silver Bullion Sales Weaken in April

by CoinNews.net on May 17, 2019 · 0 comments

Perth Mint 9999 Fine 1 Ounce Silver Bars

Perth Mint 9999 Fine 1 Ounce Silver Bars

Demand for Australian bullion products slowed in April from March but was higher than a year ago, the latest sales figures from The Perth Mint of Australia show. Overall for the month, silver sales still remained solid while gold sales softened significantly.

The monthly gains happened against a backdrop of falling precious metals with LBMA prices posting losses of 1% for gold and 1.7% for silver.

Bullion Sales in April 2019

April sales of the Mint’s gold coins and gold bars totaled 19,991 ounces, down 39% from March yet 31.9% higher than in April of last year.

Year-to-date gold sales at 103,461 ounces logged in 4.8% lower than 108,691 ounces sold in the first four months of 2018.

Perth Mint sales of silver coins and silver bars at 906,219 ounces last month slipped 3.2% from March but jumped 97.6% from April 2018.

For the year so far, silver sales at 3,255,202 ounces register 6.9% lower than the 3,494,891 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 April 2018 to April 2019. 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
April 2019 906,219 19,991
March 2019 935,819 32,757
February 2019 584,310 19,524
January 2019 828,854 31,189
December 2018 692,971 29,186
November 2018 876,446 64,308
October 2018 1,079,684 36,840
September 2018 1,305,600 62,552
August 2018 520,245 38,904
July 2018 486,821 29,921
June 2018 229,280 16,847
May 2018 557,120 14,800
April 2018 458,655 15,161

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