Perth Mint Silver Bullion Sales Surge in July

Australian gold and silver bullion products saw solid to very sharp gains in July, the latest figures from The Perth Mint of Australia show. The Mint’s gold sales were the strongest in four months and its silver sales were the highest in nine months.

The monthly gains happened against a backdrop of rising precious metals with LBMA prices in July advancing 1.3% for gold and 8.2% for silver.

Bullion Sales in July 2019 and YTD

The Perth Mint sold 21,518 ounces in gold coins and gold bars last month, logging mixed results as they rose 10.6% from June yet dropped 28.1% from July 2018. Still, it was the most for a month since March.

Year-to-date gold sales at 155,218 ounces are 8.8% lower than the 170,259 sold in the first seven months of last year.

July sales of the Mint’s silver coins and silver bars jumped by 987,040 ounces, marking gains of 186.5% from June and 102.8% from July of last year. The monthly level was the best since October.

Perth Mint silver sales for the year at 5,268,298 ounces are 10.5% higher than the 4,768,112 ounces sold through the same months in 2018.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from July 2018 to July 2019. 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.