Perth Mint Gold and Silver Bullion Sales Slow in 2023

According to the most recent statistics from The Perth Mint of Australia, sales of silver-struck bullion in Australia increased somewhat in December but decreased significantly for gold-struck goods.

The Mint saw a decline in bullion sales for gold and silver in 2023, compared to 2022, when they reached yearly totals not seen since CoinNews began collecting data in 2013.

In December, LBMA prices (USD) rose 1.3% for gold and dropped 4.9% for silver, while in 2023, they rose 13.8% for gold and fell 0.6% for silver.

The Mint sold 36,297 ounces of gold coins and bars in December, the lowest since August. This is 32.2% lower than November and 40.1% lower than December 2022.

The Mint announced sales of 681,490 ounces of produced silver coins and bars in December, a 1.3% improvement from November's 45-month low but a 58.3% reduction from December 2022.

Perth Mint bullion sales by month from December 2022 to December 2023 are shown. Monthly ounces of gold and silver coined by The Perth Mint for wholesale and retail clients worldwide are shown.

Sales of cast bars and other operations carried out by the Group, such as sales of allocated and unallocated precious metal for storage by the Depository, are not included in this provision.

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