Perth Mint Bullion Sales Ease in April

Sales of Australian bullion products eased in April compared to the previous month but surged over the levels logged a year earlier, figures from the Perth Mint show.

The month-over-month pull-back happened following a strong March in which the Mint’s gold and silver products notched multi-month sales highs.

Perth Mint gold coins and gold bars climbed 26,545 ounces last month, falling 22.5% from the 34,260 ounces sold in March yet jumping 13.5% from the 23,461 ounces moved in April 2014. Gold sales in the January to April period tally to 115,960 ounces, off a sharp 29.9% from last year’s starting four-month total of 165,459 ounces.

Perth Mint sales of silver coins at 472,273 ounces in April tumbled 26% from the prior month’s total of 638,557 ounces but they marked a 30.5% increase from 361,988 ounces sold in April of last year. As for the year-to-date, the Mint’s silver sales combine to 2,088,897 ounces for a more modest decline of 5.6% from the same four-month period in 2014 when 2,211,629 ounces moved.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from April 2014 to April 2015.

Perth Mint Bullion Sales (in troy ounces) Silver Gold April 2015 472,273 26,545 March 2015 638,557 34,260 February 2015 392,114 31,981 January 2015 585,953 23,174 December 2014 477,731 40,211 November 2014 851,836 49,904 October 2014 655,881 55,350 September 2014 756,839 68,781 August 2014 818,856 36,369 July 2014 577,988 25,103 June 2014 586,358 39,405 May 2014 630,349 36,127 April 2014 361,988 23,461