Perth Mint Gold Bullion Sales Quicken in August 2022

Australian bullion sales in August picked up for a second straight month for minted gold coins and bars but slowed for minted silver coins and bars, according to the latest figures from The Perth Mint of Australia.

The Perth Mint’s August bullion gains measured against a fifth straight month of falling precious metals with LBMA prices dropping 2.1% for gold and 10.6% for silver.

Perth Mint Gold Bullion Sales in August 2022

August sales of the Mint’s gold coins and gold bars totaled 84,976 ounces, posting increases of 7.2% from July and 57.4% from August 2021.

Year-to-date gold sales at 670,375 ounces are 7% lower than the 721,006 ounces sold through the first eight months of last.

Perth Mint Silver Bullion Sales in August 2022

Perth Mint August sales of minted silver coins and silver bars reached 1,655,334 ounces, dropping 32.9% from the second all-time monthly high in July but 12.8% higher than in August 2021.

Perth Mint silver sales for the year so far at 15,650,807 ounces are 23.4% higher than the 12,685,589 ounces sold during the leading eight months of last year.

Perth Mint Gold and Silver Sales by Month

Below is a monthly summary of Perth Mint bullion sales from August 2021 to August 2022. 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.