Perth Mint’s Nov gold sales surge; silver sales dip from previous month

Dec 3 (Reuters) – The Perth Mint’s sales of gold products
surged by nearly 75 percent in November from the previous month,
while silver sales fell, the mint said on Monday.
Sales of gold coins and minted bars climbed to 64,308 ounces
in November, its highest since January 2017. Sales nearly
tripled compared with the same month last year, the mint said in
a blog post.
Silver sales in November were down 19 percent month-on-month
at 876,446 ounces. From a year earlier, sales rose 61 percent.
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 gained 0.6 percent in November, rising for
a second consecutive month.

Period Gold (oz) Silver (oz)
(year-month)
2018-Nov 64,308 876,446
2018-Oct 36,840 1,079,684
2018-Sept 62,552 1,305,600
2018-August 38,904 520,245
2018-July 29,921 486,821
2018-June 16,847 229,280
2018-May 14,800 557,120

2018-April 15,161 458,655
2018-March 29,883 975,921
2018-Feb 26,473 992,954
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 Sumita Layek in Bengaluru; Editing by Amrutha
Gayathri)