Perth Mint Gold and Silver Bullion Sales Slide
By GCRU Gold News on Wednesday, May 14 2014, 08:39 - Permalink
The Perth Mint of Australia has released their latest figures on the amount of gold and silver sold as coins and minted products. The monthly sales for each metal declined to their lowest levels in more than a year.
For the month of April 2014, total gold sales measured 23,461 troy ounces. This was down from the prior month when sales had reached 30,177 ounces. The latest monthly total was down significantly from the prior year period when a sudden drop in market prices had caused a surge in demand to 111,505,06 troy ounces.
For the year to date, gold sales have now reached 165,459 ounces. This is down by 39.1% compared to the sales of 271,594 recorded in the comparable year ago period.