Australian bullion sales rallied in March, the latest figures from The Perth Mint of Australia show. When compared against past months since CoinNews started tracking the data in February 2013, the Mint’s gold sales ranked second best and its silver sales ranked third highest.
These sales registered against falling precious metals with LBMA prices in March dropping 0.06% for gold and 18.9% for silver.
Bullion Sales in March 2020
Perth Mint sales of gold coins and gold bars totaled 93,775 ounces in March, the most for a month since April 2013 sales of 112,575 ounces, logging gains of 309.1% from February and 186.3% from March of last year.
First quarter 2020 gold sales at 164,995 ounces are 97.7% higher than the 83,470 ounces sold in first quarter 2019.
March sales of the Mint’s silver coins and silver bars reached 1,736,409 ounces, posting increases of 186.7% from February and 85.6% from March 2019. The month’s tally lags only behind March 2016 sales of 1,756,238 ounces and September 2015 sales of 3,349,557 ounces. Perth Mint January 2020 silver sales at 78,912 ounces now registers as their fourth highest month of sales.
The Mint’s first quarter silver sales at 3,792,351 ounces are 61.5% higher than the 2,348,983 ounces sold during the the first three months of last year.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from March 2019 to March 2020. 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)|