The Perth Mint of Australia has released the latest monthly sales figures indicating the total ounces of gold and silver sold as coins and minted bars. While silver sales weakened during March, gold showed an increase from the prior month and the year ago period.
Sales of silver as coins and minted products reached 408,178.52 troy ounces during March 2013. This represented a decline of 30.89% compared to the year ago period when sales were 590,636,15 ounces. It was a more modest 4.26% decline from the prior month when sales were 426,319.29 ounces.
For the first quarter of 2013, silver sales were 1,505,042.17 ounces.
|Perth Mint Bullion Sales in Troy Ounces|
Sales of gold as coins and minted products reached 50,356.16 troy ounces for March 2013. This represented a rise of 40.05% compared to the year ago period when sales were 35,957.28. It also represented a rise of 14.32% from the prior month.
For the entire first quarter of 2013, gold sales were 160,088.49 ounces. The Perth Mint has indicated that during the first quarter buyers purchased 48% more ounces of Australian Kangaroo and Australian Lunar Gold Coins compared to the same period in the prior year.
In reaction to the recent declines in precious metals prices, the Perth Mint indicated an increased activity level on their bullion website, which recorded its highest daily turnover of the year and one of the best days of the past twelve months.