Perth Mint Gold Bullion Sales Hit 4-Month High in August

by CoinNews.net on September 11, 2020 · 0 comments

2020 Australian Kookaburra 1oz Silver Bullion Coin

A CoinNews photo of a 2020 Australian Kookaburra 1oz Silver Bullion Coin (obverse). The coin features a special 30th anniversary design dubbed the ‘double kook’.

Australian bullion sales in August dipped for silver products and reached a four-month high for gold products, according to the latest sales figures from The Perth Mint of Australia.

The monthly increases happened against a backdrop of divided precious metals with LBMA prices in August slipping 0.4% for gold and soaring 13.6% for silver.

Bullion Sales in August 2020

Perth Mint sales of gold coins and gold bars totaled 67,462 ounces last month, marking gains of 20.2% from July and 209.9% from August 2019.

Year-to-date gold sales at 516,829 ounces are 192% higher than the 176,984 ounces sold last year through eight months.

The Mint’s sales of silver coins and silver bars reached 1,431,036 ounces last month, down 8.7% from July but 22.2% higher than in August of last year.

Silver sales for the year so far at 11,485,331 ounces are 78.4% higher than the 6,439,531 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 August 2019 to August 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
August 2020 1,431,036 67,462
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
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