Perth Mint Gold and Silver Bullion Sales Soar in First Half of 2020

by CoinNews.net on July 17, 2020 · 0 comments

2020 Australian Kangaroo 1oz Silver Bullion Coin - Reverse

A CoinNews photo of a 2020 Australian Kangaroo 1oz Silver Bullion Coin (obverse).

Australian bullion sales were divided last month compared to May and surged from June of last year, according to the latest figures from The Perth Mint of Australia.

In the longer haul — through the first half of this year, demand for the Mint’s bullion products soared for those composed of silver and climbed solidly for those in gold.

Bullion Sales in June and First Half of 2020

Perth Mint sales of gold coins and gold bars tallied to 44,371 ounces in June, down 30% from May but 128.1% higher than in June 2019.

Gold sales through the first half of 2020 at 393,263 ounces are 194.1% higher than the 133,700 ounces sold during the first half of last year.

Perth Mint sales of silver coins and silver bars totaled 1,573,752 ounces last month, marking gains of 57.8% from May and 356.9% from June 2019.

Silver sales through the first half of this year at 8,486,395 ounces nearly doubled the 4,281,258 ounces sold through the first half of last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from June 2019 to June 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)
  Silver Gold
June 2020 1,573,752 44,371
May 2020 997,171 63,393
April 2020 2,123,121 120,504
March 2020 1,736,409 93,775
February 2020 605,634 22,921
January 2020 1,450,317 48,299
December 2019 1,361,723 78,912
November 2019 1,027,695 54,261
October 2019 1,394,615 32,469
September 2019 1,350,038 46,837
August 2019 1,171,233 21,766
July 2019 987,040 21,518
June 2019 344,474 19,449
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments