Perth gold sales down
17 June 2015 by News Desk
Sales of bullion products in Australia have fallen compared to last month and the same period last year, according to Perth Mint.
Perth Mint says it is the second month in a row that both gold and silver sales have fallen, in contrast to a year ago when bullion sales reached a record high. In other world markets, such as London, gold and silver sales have risen by around 1%.
Sales of Perth Mint gold coins and gold bars increased by 21,671 ounces in May a fall of 18.4% from the 26,545 ounces sold in April and a fall of 40% from the 36,127 ounces sold in May 2014. Gold sales between January and May this year totalled 137,631 ounces, a 32% drop compared to the same time in 2014.
Sales of Perth Mint silver coins (337,511 ounces) fell 28.5% from last month and have seen a 46.5% fall compared to May last year. In the past 12 months total sales of silver bullion products (2.42 million ounces) have fallen by almost 15%.
Australia is not alone, however. U.S. Mint bullion sales have also fallen. Sales of the agency’s American Gold Eagles (21,500 ounces) fell 27% in April and by almost 40% compared to May 2014. Sales of its popular American Silver Eagles (2,023,500 ounces) have fallen by 49% compared to a year ago.
