Perth Mint Bullion Sales Split in January

January sales of Australian bullion was "solid," according to The Perth Mint of Australia, although divided when compared to December with sales stronger for gold products and weaker for silver products. Both types were down from the same month a year earlier.

The Mint’s bullion gains set against divided precious metals with LBMA prices (USD) in January jumping 6.2% for gold while dropping 4% for silver.

Bullion Sales in January 2023

Perth Mint January sales of minted gold coins and bars combined to 64,395 ounces, advancing 6.2% from the prior month but sliding 3.5% from January of last year.

General Manager Minted Products, Neil Vance said the latest monthly sales data took account of January’s quieter trading conditions, including what for many Australians is their main summer vacation. "Nevertheless, our sales got off to a solid start, laying the foundation for what will hopefully be a strong second half to the financial year," he said. (The Mint’s 2023 fiscal year started July 1, 2022.)

January sales of the Mint’s silver coins and bars totaled 1,233,344 ounces, logging declines of 24.6% from December and 48.3% from January 2022.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from January 2022 to January 2023. 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.