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Perth Mint's Jan gold, silver sales rise

Feb 4 (Reuters) - The Perth Mint's January sales of gold products rose nearly 7 percent from the previous month, while silver sales also increased, the mint said on Monday.

January sales of gold coins and minted bars rose to 31,189 ounces from 29,186 ounces in December.

Silver sales in January were up about 20 percent from the previous month, and hit their highest since November 2018 at 828,854 ounces.

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 3 percent in January, rising for a fourth consecutive month.

Period Gold (oz) Silver (oz) (year-month) 2019-Jan 31,189 828,854 2018-Dec 29,186 692,971 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 K. Sathya Narayanan in Bengaluru; Editing by Subhranshu Sahu)