Record High Gold Bullion Sales at the Perth Mint

Gold BullionThe Perth Mint of Australia achieved record breaking sales for gold bullion products in April, as lower precious metals prices spurred a huge leap in demand. Silver bullion sales also jumped to the highest level in six months.

The Perth Mint began publicly reporting its monthly gold and silver bullion sales in March 2012, providing a window of insight into demand for physical precious metals. Sales spikes have occurred in September 2012 to coincide with the release of the new designs and last month to coincide with the decline in metals prices.

For the month of April 2013, sales of gold as coins and minted products reached 111,505.06 troy ounces. This amount was more than double the previous month and up by an astounding 534.43% from the year ago period when 17,575.64 troy ounces were sold.

The Perth Mint indicated that website sales significantly contributed to the record number, with top sellers including the 1 ounce Kangaroo Gold Bar, 2.5 ounce Cast Gold Bar, and 1 ounce 2013 Australian Kangaroo Gold Coin.

Perth Mint Bullion Sales in Troy Ounces
Gold Silver
January 2013 65,683.71 670,544.36
February 2013 44,048.62 426,319.29
March 2013 50,356.16 408,178.52
April 2013 111,505.06 1,102,465.96
Total YTD 271,593.55 2,607,508.13

Sales of silver as coins and minted products reached 1,102,465.96 troy ounces for April 2013. This was more than double the previous month and up by 432.31% from the year ago period.

Recently popular products included the 1 ounce 2013 Australian Kookaburra Silver Coin, which reached a sell out of its 500,000 maximum mintage. Other top sellers included the 1 ounce 2013 Australian Koala Silver Coin and the 1 kilogram Cast Silver Bar.

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