Bullion Prices Mixed in April 2012: Palladium Rallies, Other Precious Metals Lower

by Bullion Prices Staff on April 30, 2012

Bullion prices were mostly lower Monday and for April. Palladium was the exception for both, posting a modest increase on the day and a rallying 4.3% gain for the month. Precious metal monthly losses were at 0.5% for gold, 4.5% for silver and 4.4% for platinum.

In its settlement on Monday, July gold prices fell 60 cents to $1,664.20 an ounce on the Comex division of the New York Mercantile Exchange. The yellow metal ranged between $1,645.10 an ounce and $1,666.50 an ounce.

In other futures, July silver prices declined 39.5 cents, or 1.3%, to $31.02 an ounce, June palladium prices gained 85 cents, or 0.1%, to $682.35 an ounce and July platinum prices lost $3.80, or 0.2%, to $1,571.90 an ounce.

New York Futures – Bullion Prices
  Mon Daily Gain
($/%)
April Gain
($/%)
Silver Prices $31.02 -$0.395
-1.3%
-$1.47
-4.5%
Gold Prices $1,664.20 -$0.60
-0.0%
-$7.70
-0.5%
Platinum Prices $1,571.90 -$3.80
-0.2%
-$72.20
-4.4%
Palladium Prices $682.35 $0.85
0.1%
$28.25
4.3%

 

United States Mint Bullion Coin Sales

April is yet to be officially closed for United States Mint bullion coin sales, although the figures released by the bureau and shown below are not likely to change for the month. The Mint on Monday reported sales of 200,000 American Silver Eagle bullion coins. That lifted their April total to 1,520,000. While the amount is far from exciting considering that it is 1.022 million less than March and a large distance from the over 6 million sold in January, it does surpass February’s 1.49 million.

The most recent bullion coin totals are offered in the daily, monthly and 2012 sales columns below.

United States Mint 2012 Bullion Coin Sales
  Mon April 2012 Sales
1 oz American Gold Eagle 0 19,000 181,000
1/2 oz American Gold Eagle 0 0 51,000
1/4 oz American Gold Eagle 0 2,000 42,000
1/10 oz American Gold Eagle 0 5,000 135,000
1 oz American Buffalo Gold Coins 0 9,000 55,500
5 oz America the Beautiful Silver Coins 0 200 8,000
1 oz American Silver Eagle 200,000 1,520,000 11,659,000

 

Notes: The sales figures above are in coins, not ounces sold. The United States Mint last updated sales of its 5 oz. America the Beautiful Silver Bullion Coins on Monday, April 9, 2012. All other bullion figures have an "as of date" of Monday, April 30, 2012, as published on the Mint website.

London Bullion Prices

London bullion prices were also mixed Monday and for the month of April, with palladium the single precious metal higher for the latter. The following grid offers London PM Fix daily bullion prices with gains and losses over the most recent two-day period as well as for April.

London Bullion Prices and Their Fixings (PM)
  Mon Daily Gain
($/%)
April Gain
($/%)
Silver Prices $31.20 $0.60
0.2%
-$1.23
-3.8%
Gold Prices $1,651.25 -$12.25
-0.7%
-$11.25
-0.7%
Platinum Prices $1,570.00 -$3.00
-0.2%
-$70.00
-4.3%
Palladium Prices $679.00 $2.00
0.3%
$28.00
4.3%

 

Refer to this site’s home page for always updated bullion prices and news.

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