Demand for Australian bullion products in July ranged from solid to strong compared to June and a year ago, according to sales figures from The Perth Mint of Australia.
The monthly gains happened against a backdrop of surging precious metals with LBMA prices last month posting gains of 11.1% for gold and 34.9% for silver.
Bullion Sales in July 2020
Perth Mint sales of gold coins and gold bars reached 56,104 ounces in July, registering increases of 26.4% from June and 160.7% from July of last year.
Year-to-date gold sales at 449,367 ounces are 189.5% higher than the 155,218 sold in the first seven months of 2019.
The Mint’s sales of silver coins and silver bars totaled 1,567,900 ounces last month, dipping 0.4% from June yet 58.9% higher than in July of last year.
Silver sales for the year so far at 10,054,295 ounces are 90.9% higher than the 5,268,298 sold through the same period in 2019.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from July 2019 to July 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 | |
| July 2020 | 1,567,900 | 56,104 |
| 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 |
