Australian gold coins: Sales increase significantly!

In November, the Perth Mint sold 67 percent more gold in the form of gold coins and gold bars than in the previous month. However, the higher level of the previous year was not reached.

 

Gold coins and bars in demand

The Australian mint Perth Mint has published its sales figures for the month of November. The company delivered 54,261 ounces of gold in the form of gold coins and bars last month. This was the strongest monthly result in eleven months. Compared to the previous month, gold sales rose 67 percent. Compared to November 2018, however, 15 percent less gold was sold. At 310,551 ounces, the 11-month figures are 16 percent down on the previous year.

 

Silver sales weaker

Sales in the silver segment developed in the opposite direction. 1,027,695 ounces of sales volume is reported. This corresponded to a 26 percent decline compared to the previous month. In contrast, silver sales increased by 17 percent compared to the same month last year. In the period from January to November, Perth Mint silver sales were up 19 percent year-on-year.

 

The mint is known for the production of numerous popular investment products made of precious metals. These include the silver and gold coins of the kangaroo and koala varieties as well as numerous other pieces with motifs from the Australian animal kingdom. The new vintage of the gold kangaroo was first issued at the beginning of November.