Australian bullion sales in November jumped sharply for gold coins and bars and remained steady for silver coins and bars, according to the latest figures from The Perth Mint of Australia.
The Mint’s gold sales were the highest in a year while its silver sales finished above 1 million ounces for a fourth month in a row after nine straight months of missing the mark.
These sales happened against falling precious metals with LBMA prices in November sinking 3.4% for gold and 6% for silver.
Bullion Sales in November 2019 and YTD
The Perth Mint sold 54,261 ounces in gold bullion products last month, rising 67.1% from October but sliding 15.6% from November 2018 when they reached an almost two-year high.
Their year-to-date gold sales at 310,551 ounces are 16.7% lower than the 372,863 ounces sold through the first eleven months of last year.
November sales of the Mint’s silver coins and bars reached 1,027,695, down 26.3% from the prior month and up 17.3% from November 2018. In October, the Mint’s sales at 1,394,615 ounces were the third highest for a month since CoinNews started tracking the Mint’s data in February 2013.
Perth Mint silver sales for the year so far at 10,211,879 ounces are 19.4% higher than the 8,550,087 ounces sold in the same months last year.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from November 2018 to November 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)|