Perth Mint gold sales reach their third highest of all-time

AUSTRALIA (Apr 21)  Perth Mint sales in March for gold hit its 3rd highest level and silver product sales also improved the latest figures from The Perth Mint of Australia show.

The Mint’s sales measured against stronger precious metals with March LBMA prices rising 1.7% for gold and 1.9% for silver. First-quarter gains were sharper with precious metals prices increasing 6.7% for gold and 7.5% for silver.

March sales for gold coins and gold bars hit 121,997 ounces, soaring 67.9% from February while falling 6.7% from March 2021 when sales reached an all-time monthly high. Aside from March 2021 when sales reached 130,730 ounces, the only better month for the Mint was in February 2021 at 124,104 ounces.

Perth Mint’s first-quarter gold sales at 261,357 ounces are 21% lower than the 330,937 ounces sold in the first quarter of 2021.

Perth Mint sales in March of minted silver coins and silver bars totaled 1,649,634, scoring increases of 1.1% from February and about 3.1% from March of last year.

REUTERS