Perth Mint Gold Bullion Sales in May Drop to 25-Month Low

Sales of Australian bullion products slowed in May, for a second month in a row, figures from The Perth Mint of Australia show.

The Mint’s silver sales registered at a three-month low while its gold sales logged in at the lowest level in 25 months.

Bullion Sales in May 2019

Perth Mint sales of gold coins and gold bars reached 10,790 ounces last month, registering declines of 46% from April and 27.1% from May of last year. The monthly tally was the weakest since April 2017 when the Mint sold 10,490 ounces.

Year-to-date gold sales at 114,251 ounces are 7.5% lower than 123,491 ounces sold in the first five months of 2018.

May sales of the Mint’s silver coins and silver bars at 681,582 ounces dropped 24.8% from April but grew 22.3% from May 2018.

For the year so far, silver sales at 3,935,784 ounces register 2.9% lower than the 4,052,011 ounces sold during the same period last year.

Perth Mint Gold and Silver Sales by Month

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