Perth Mint Gold and Silver Bullion Sales Pick Up in May

Australian bullion sales in May ran the quickest in four months, according to the latest round of Perth Mint figures.

The Mint’s gold sales more than doubled those from April, when they logged their weakest monthly total in at least four years, and their silver sales advanced by more than 800,000 for only the second time this year.

Bullion Sales in May 2017

May sales of Perth Mint gold coins and gold bars climbed 29,679 ounces, notching gains of 182.9% from April and 41.1% from a year earlier. In April, the Mint’s gold sales registered their weakest tally since CoinNews started tracking the Perth Mint’s data in February 2013.

Year-to-date gold sales at 157,403 ounces are 21.8% lower than the 201,347 ounces moved in the first five months of last year.

The Perth Mint sold 826,656 ounces in silver bullion last month, marking an increase of 76.3% from April but logging a decline of 15.2% from May 2016.

For the year so far, silver sales at 3,745,136 ounces are 41.6% lower than last year’s starting five-month total of 6,415,339 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from May 2016 to May 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.