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 |
