Perth Mint Gold and Silver Bullion Sales Surge in March

Australian gold and silver bullion sales advanced sharply in March from February but they declined in the first quarter 2019 compared to the same period in 2018, according to figures from The Perth Mint of Australia.

The Mint’s gold sales in March was the highest in four months after logging an eight-month low in February and demand for its silver coins and bars climbed to a five-month high after sliding to a six-month low.

March increases happened against a backdrop of plunging precious metals with LBMA prices registering losses of 1.8% for gold and 4.5% for silver.

Bullion Sales in March 2019

March sales of the Mint’s gold coins and gold bars reached 32,757 ounces, posting gains of 67.8% from February and 9.6% from March 2018.

First quarter gold sales at 83,470 ounces dropped 10.8% from the 93,530 ounces sold in the first three months of 2018.

Perth Mint sales of silver coins and silver bars reached 935,819 ounces last month, jumping 60.2% from February but dipping 4.1% from a year ago March.

The Mint’s first quarter silver sales at 2,348,983 ounces fell 22.6% from the 3,036,236 ounces sold during the same period in 2018.

Perth Mint Gold and Silver Sales by Month

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