Perth Mint Gold and Silver Bullion Sales Slow in May

Australian bullion sales slowed in May following their milestone highs in April, the latest figures from The Perth Mint of Australia show.

Both the Mint’s silver and gold sales were the weakest since February. By contrast and as compared against past months since CoinNews started tracking the data in February 2013, in April The Perth Mint’s gold sales rank highest and their silver sales place second.

The Mint’s most recent sales happened against a backdrop of rising precious metals with LBMA prices in May climbing 1.5% for gold and jumping 14.7% for silver.

Bullion Sales in May 2020

Perth Mint sales of gold coins and gold bars reached 63,393 ounces last month, down 47.4% from April though 487.5% higher than in May 2019.

Year-to-date gold sales at 348,892 ounces register 205.4% higher than the 114,251 ounces sold in the first five months of 2019.

April sales of the Mint’s silver coins and silver bars at 997,171 ounces fell 53% from April but climbed 46.3% from May of last year.

For the year so far, silver sales at 6,912,643 ounces log 75.6% higher than the 3,936,784 ounces sold during the same period in 2019.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from May 2019 to May 2020. 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.