Australian bullion demand rebounded in July, according to figures from The Perth Mint of Australia, with sales of silver products the highest in five months and gold sales the best in three months.
The Mint’s bullion gains are measured against divided precious metals prices for July, with LBMA prices (in USD) surging 4.1% for gold but falling 1.1% for silver.
Perth Mint Silver Bullion Sales in July 2024
The Perth Mint reported that July sales of its minted silver coins and bars advanced by 939,473 ounces, with increases of 91% from June and 8.8% from July 2023.
"We had a particularly robust month for silver sales in the United States, which is our biggest market," said Neil Vance, The Perth Mint’s General Manager of Minted Products.
"And we saw a strong response to two key silver coin releases, the 1oz Rectangular Dragon coin, and the Next Generation Australian Emu 2oz coin."
Year to date, the Mint’s silver sales total 5,549,938 ounces, a 42.2% decline from the 10,559,616 ounces sold during the same period last year.
Perth Mint Gold Bullion Sales in July 2024
In July, the Mint’s sales of gold coins and bars increased by 25,457 ounces, showing an increase of 13% from June but a decline of 42.2% from the same month last year.
The Perth Mint’s gold sales so far for the year total 192,781 ounces, a 58.3% decrease compared to the 462,365 ounces sold during the same period last year.
Perth Mint Gold and Silver Sales by Month through July 2024
Below is a monthly summary of Perth Mint bullion sales from January 2022 to July 2024. 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 2024 | 939,473 | 25,457 |
| June 2024 | 491,946 | 22,520 |
| May 2024 | 796,934 | 23,238 |
| April 2024 | 684,735 | 33,387 |
| March 2024 | 860,672 | 16,442 |
| February 2024 | 1,006,852 | 47,086 |
| January 2024 | 769,326 | 24,651 |
| December 2023 | 681,490 | 36,297 |
| November 2023 | 672,623 | 53,520 |
| October 2023 | 1,073,553 | 42,302 |
| September 2023 | 1,116,779 | 36,530 |
| August 2023 | 792,503 | 34,875 |
| July 2023 | 863,485 | 44,009 |
| June 2023 | 1,326,011 | 73,124 |
| May 2023 | 1,881,001 | 72,889 |
| April 2023 | 1,947,743 | 75,166 |
| March 2023 | 1,823,096 | 80,541 |
| February 2023 | 1,484,936 | 52,241 |
| January 2023 | 1,233,344 | 64,395 |
| December 2022 | 1,634,751 | 60,634 | November 2022 | 1,315,293 | 114,304 |
| October 2022 | 1,995,350 | 183,102 |
| September 2022 | 2,579,941 | 88,554 |
| August 2022 | 1,655,334 | 84,976 |
| July 2022 | 2,465,513 | 79,305 |
| June 2022 | 1,523,765 | 65,281 |
| May 2022 | 2,217,582 | 98,515 |
| April 2022 | 2,119,491 | 80,941 |
| March 2022 | 1,649,634 | 121,997 |
| February 2022 | 1,632,323 | 72,651 |
| January 2022 | 2,387,165 | 66,709 |
Bullion Coins Released in July 2024
In July, as reported by The Perth Mint, the following bullion coins were released:
- Dragon 2024 1oz Silver Rectangular Bullion Coin (individual and in tube)
- Dragon 2024 1oz Gold Rectangular Bullion Coin
- Next Generation Australian Emu 2024 10oz Silver Piedfort Bullion Coin (previously mother and baby)
- Next Generation Australian Emu 2024 2oz Silver Piedfort Bullion Coin (individual and in tube)
In June, as reported by Mint, the following bullion coins were released:
- Australian Quokka 2024 1oz Silver Bullion Coin
- Australian Koala 2024 1 Kilo Silver Bullion Coin
In May, as reported by the Mint , the following bullion coins were released:
- Chinese Myths and Legends Dragon & Koi 2024 1oz Gold Bullion Coin
- Australian Koala 2024 1oz Silver Bullion Coin
In April, as reported by Mint, the following bullion coins were released:
- Australian Kookaburra 2024 1/10oz Gold Bullion Coin
- Australian Kookaburra 2024 1/10oz Platinum Bullion Coin
- Australian Swan 2024 1oz Silver Bullion Coin
- Australian Swan 2024 1oz Gold Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Gold Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Silver Bullion Coin
- The Perth Mint’s 125th Anniversary 2024 1oz Platinum Bullion Coin
- Australian Kookaburra 2024 10oz Silver Bullion Coin
In March, as reported by the Mint, the following bullion coins were released:
- Australian Kookaburra 2024 1 Kilo Silver Bullion Coin
- Australian Wedge-tailed Eagle 10th Anniversary 2024 1oz Silver Bullion Coin
In February, the Mint reported, the following bullion coins were released:
- Australian Kangaroo 2024 1 Kilo, 1oz, 1/2oz, 1/4oz, 1/10oz Gold Bullion Coins
- Australian Kangaroo 2024 1oz Silver Bullion Coin
- Australian Kangaroo 2024 1oz Platinum Bullion Coin
In January, the Mint reported the following bullion coins were released:
- Australian Lunar 2024 Year of the Dragon 1 Kilo, 5oz Silver Bullion Coins
- Australian Lunar 2024 Year of the Dragon 1/20oz Gold Bullion Coin
- Australian Kookaburra 2024 1oz Silver Bullion Coin
Bullion Coins That Sold Out
The Mint also reported that the following bullion coins "recently sold out:"
- 2023 Australian Brumby 1oz Silver Bullion Coin
- 2024 Wedge-Tailed Eagle 1oz Silver Bullion Coin
