October gross sales of Australian bullion gold and silver merchandise decreased from the earlier month however had been greater than a yr earlier, in keeping with figures from The Perth Mint of Australia.
Mint gross sales registered in opposition to a backdrop of hovering valuable metals with LBMA costs in October marking features of 1.5% for gold and 11.5% for silver.
Bullion Gross sales in October 2021
Perth Mint October gross sales of gold cash and gold bars mixed to 59,750 ounces, dropping 39.5% from September whereas rising 55.7% from October 2020.
“Whereas month-to-month volumes had been excessive by historic requirements, October gross sales of gold cash mirrored extra subdued demand in key markets resembling Europe and the US,” mentioned Normal Supervisor Minted Merchandise, Neil Vance
12 months-to-date gold gross sales at 878,779 ounces are 55.7% greater than the 617,833 ounces offered throughout the identical time final yr.
Perth Mint October gross sales of silver cash and silver bars totaled 1,352,275 ounces, falling 24.5% from September whereas rising 10.1% from October 2020. As lately as June, the Mint’s silver gross sales at 1,823,029 ounces ranked third highest for a month in keeping with CoinNews monitoring information which dates to February 2013. (They had been the second highest for a month in February at 1,830,707 ounces.)
“With inventories reserved for the brand new coin launches exhausted within the earlier month, October silver gross sales mirrored our manufacturing facility’s full month-to-month output,” Vance added.
The Mint’s silver gross sales for the yr up to now at 15,827,790 ounces are 10% greater than the 14,391,427 ounces offered throughout the identical interval final yr.
Perth Mint Gold and Silver Gross sales by Month
Under is a month-to-month abstract of Perth Mint bullion gross sales from October 2020 to October 2021. The figures present month-to-month ounces of gold and silver shipped as minted merchandise by The Perth Mint to wholesale and retail prospects worldwide. It excludes gross sales of forged bars and different Group actions together with gross sales of allotted/unallocated valuable metallic for storage by the Depository.
|Perth Mint Bullion Gross sales (in troy ounces)|
*Perth Mint revealed approximated gross sales information for March. Particularly, the Mint acknowledged that in March it shipped “greater than 130,000 troy ounces of gold and virtually 1.6 million troy ounces of silver.”