Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Nearly 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 16 2018
By: Ira Epstein

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments
By: David Morgan

Slowly We Turn... Gold vs.
By: Gary Tanashian

COT Gold, Silver and US Dollar Index Report - November 16, 2018

GE, Nvidia, Nordstrom, Bitcoin All Tank, And The Fed Notices
By: John Rubino

Years of Recklessly Low Interest Rates Causes Inflation to Soar
By: Nathan McDonald

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA

GoldSeek Radio Nugget: Bill Murphy and Chris Waltzek

Is Gold Under or Overpriced?
By: Arkadiusz Sieron


GoldSeek Web

Perth Mint’s Gold & Silver Bullion Sales Drop to 3 Month Low

 -- Published: Tuesday, 5 August 2014 | Print  | Disqus 

Today’s AM fix was USD 1,292.75, EUR 965.03 and GBP 765.71  per ounce.
Yesterday’s AM fix was USD 1,293.50, EUR 963.57 and GBP 768.93 per ounce.

Gold fell $4.80 or 0.37% yesterday to $1,288.50/oz and silver slipped $0.15 or 0.44% to $20.19/oz.

Gold is marginally higher in London this morning and overnight in Singapore, gold remained in a tight range between $1,286/oz and $1,290/oz. Gold climbed toward $1,300 an ounce after a gauge of China’s services industries sank to a record low, leading to safe haven demand and a decline in equities.

Perth Mint Gold Bar (1 oz)

Gold is 7.5% higher this year partly on tensions in Ukraine and in the Middle East and the increasing risk of trade, economic and currency wars.

Silver for immediate delivery rose 0.3% to $20.26 an ounce. Spot platinum increased 0.3% to $1,465.63 an ounce, while palladium added 0.2% to $851 an ounce.

The world's largest gold ETF, New York's SPDR Gold Trust <GLD>, reported its first outflow since July 24 yesterday, of 1.8 tonnes. Holdings fell 0.2% to 800.05 metric tonnes. This has taken its overall holdings back to just over 800 tonnes. Institutional money is being allocated to gold again as seen in the rising ETF numbers in recent weeks.

In the physical markets, buying remained subdued in the seasonally quiet summer period.

Premiums for gold bars in India remain depressed as they do in China. In top buyer China, local premiums to the global benchmark were steady near $3 an ounce.

Premiums in other parts of Asia have also largely remained steady over the past several weeks.

The Perth Mint's sales of gold and silver bullion fell to a three-month low in July, as increasing

hope about global economic growth curbed appetite for the precious metal among some bullion buyers.

The Perth Mint which was established in 1899, operates the only gold refinery in Australia, the world's second-biggest gold producer after China.

Sales of gold coins and minted bars decreased by almost half to 25,103 ounces in July from the same period a year ago, the mint's data showed.

Silver sales totalled 577,988 ounces last month. Gold and silver sales in July were the lowest since April.

Period     Gold         Silver
Jul-14       25,103       577,988

Jun-14       39,405       586,358

May-14       36,127       630,349

Apr-14       23,461       361,988

Mar-14       30,177       545,165

14-Feb       47,003       392,088

14-Jan       64,818       912,388

13-Dec    58,943.61    845,940.53

Nov-13    52,700.23    807,246.05

Oct-13    77,255.18    821,579.77

Sep-13    68,488.06    961,977.07

Aug-13    30,430.10    691,258.63

Jul-13    56,488.25    697,247.39

Jun-13    47,692.02    593,534.52

May-13    88,637.82    596,458.40

Apr-13   112,575.40  1,113,461.36

Mar-13    50,356.16    408,178.52

Feb-13    44,399.48    431,237.41

Jan-13    66,669.66    676,742.40

Dec-12    51,777.57    452,390.35

Nov-12    49,004.09    623,345.46

Oct-12    54,779.00    465,033.74

Sep-12    82,066.89  1,259,702.59

Aug-12    37,196.86    338,945.22

Jul-12    34,588.36    459,270.48

Source: The Perth Mint

Note: Sales figures in ounces. Gold sales include coins and minted bars. Silver figures include only coins as the mint does not issue silver minted bars.

Gold prices slipped over 3 % in July as some positive economic data may have reduced demand for gold despite rising geopolitical risk.

Gold in US Dollars - 5 Years (Thomson Reuters)

Data from the U.S. Mint showed that gold coin sales in July fell about 40% from a month ago. Gold and silver bullion coin buyers have secured their allocations and there is very little new entrants into the bullion market which  has contributed to falling demand recently.

Gold and silver price match guarantee - Will match prices offered by bullion dealers internationally >> Bullion Coin And Bar Price Match Guarantee

| Digg This Article
 -- Published: Tuesday, 5 August 2014 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2018 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.