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Perth Mint's Jan gold sales surges 38 pct m/m, silver jumps 22 pct

Kitco News

Feb 1 (Reuters) - The Perth Mint's sales of gold and silver products rose in January from the previous month, the mint said in a blog post on its website on Thursday.

Sales of gold coins and minted bars surged about 38 percent to 37,174 ounces in January from 27,009 ounces a month ago, the mint said.

However, gold sales nearly halved in January compared with the same month last year.

Silver sales in January jumped 22 percent month-on-month to 1,067,361 ounces, the highest since July. However, sales were down 13 percent compared with the same time last year.

The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's second-largest gold producer after China.

Spot gold prices rose 3.2 percent in January. Period Gold (oz) Silver (oz)


2018-Jan 37,174 1,067,361

2017-Dec 27,009 874,437

2017-Nov 23,901 544,436

2017-Oct 44,618 999,425

2017-Sept 46,415 697,849

2017-Aug 23,130 392,091

2017-July 23,675 1,167,963

2017-June 19,259 1,215,071

2017-May 29,679 826,656

2017-April 10,490 468,977

2017-March 22,232 716,283

2017-Feb 25,257 502,353

2017-Jan 72,745 1,230,867

2016-Dec 63,420 430,009

2016-Nov 54,747 984,622

2016-Oct 79,048 1,084,213

2016-Sept 58,811 1,031,858

2016-Aug 14,684 376,461

2016-July 16,870 693,447

2016-June 31,368 1,220,817

2016-May 21,035 974,865

2016-April 47,542 1,161,766

2016-March 47,948 1,756,238

2016-Feb 37,063 1,049,062

2016-Jan 47,759 1,473,408 (Reporting by Nithin Prasad in Bengaluru; Editing by Amrutha Gayathri)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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