Demand jumped in January for Australian bullion coins, according to the latest round of Perth Mint sales figures.
The Mint’s gold sales ran the quickest since October and its silver sales advanced the most since March.
Gains happened against rising precious metals with LBMA prices in January posting gains of 2.4% for gold and 3.5% for silver.
Bullion Sales in January 2017
January sales of Perth Mint gold coins and gold bars at 72,745 ounces logged increases of 14.7% from December and 52.3% from January 2016.
The Mint’s silver sales bounced above the 1 million ounce level for the first time in three months, ending at 1,230,867 ounces to more than double the previous month. The total, however, was down 16.5% from a year earlier.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from January 2016 to January 2017. The figures show monthly ounces of gold and silver shipped by the Minted Products division of 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 | |
| January 2017 | 1,230,867 | 72,745 |
| December 2016 | 430,009 | 63,420 |
| November 2016 | 984,622 | 54,747 |
| October 2016 | 1,084,231 | 79,048 |
| September 2016 | 1,031,858 | 58,811 |
| August 2016 | 376,461 | 14,684 |
| July 2016 | 693,447 | 16,870 |
| June 2016 | 1,220,817 | 31,368 |
| May 2016 | 974,865 | 21,035 |
| April 2016 | 1,161,766 | 47,542 |
| March 2016 | 1,756,238 | 47,948 |
| February 2016 | 1,049,062 | 37,063 |
| January 2016 | 1,473,408 | 47,759 |
