Australian bullion demand rebounded in September, according to figures from The Perth Mint.
The Mint’s gold sales doubled the previous month and its silver sales bounced from their lowest level in a year.
Bullion Sales in September 2017
The Perth Mint sold 46,415 ounces in gold coins and gold bars last month, the most since January and 101% more than in August. However, the total was down 21.1% from September of last year.
Year to date sales at 269,882 ounces fell 16.5% from the 323,080 ounces sold during the first nine months of 2016.
Perth Mint sales of silver bullion reached 697,849 ounces, jumping 78% from August when they ended at a 1-year low. The total was still 32.4% lower than September 2016.
For the January to September period, silver sales at 7,218,110 ounces dropped 25.9% from the 9,737,922 ounces delivered through the same months in 2016.
Perth Mint Gold and Silver Sales by Month
Below is a monthly summary of Perth Mint bullion sales from September 2016 to September 2017. 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 | |
| September 2017 | 697,849 | 46,415 |
| August 2017 | 392,091 | 23,130 |
| July 2017 | 1,167,963 | 23,675 |
| June 2017 | 1,215,071 | 19,259 |
| May 2017 | 826,656 | 29,679 |
| April 2017 | 468,977 | 10,490 |
| March 2017 | 716,283 | 22,232 |
| February 2017 | 502,353 | 25,257 |
| 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 |
