Australian bullion products logged higher sales in August, according to figures published by The Perth Mint of Australia. The Mint’s silver sales were the best in eleven months and its gold sales the highest in five months.
The monthly gains happened against a backdrop of soaring precious metals with LBMA prices in August advancing 7.1% for gold and 11.6% for silver.
Bullion Sales in August 2019 and YTD
The Perth Mint sold 21,766 ounces in gold coins and gold bars last month, edging 1.2% higher than in June but 44.1% lower than in August 2018.
Year-to-date gold sales at 176,984 ounces are 15.4% lower than the 209,163 sold in the first eight months of last year.
August sales of the Mint’s silver coins and silver bars surged to 1,171,233 ounces, the most since September, posting increases of 18.7% from July and 125.1% from August 2018.
Perth Mint silver sales for the year at 6,439,531 ounces are 21.8% higher than the 5,288,357 ounces sold through the same months in 2018.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from August 2018 to August 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 | |
| August 2019 | 1,171,233 | 21,766 |
| July 2019 | 987,040 | 21,518 |
| June 2019 | 344,474 | 19,449 |
| May 2019 | 681,582 | 10,790 |
| 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 |
