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Perth Mint's Nov gold sales surge; silver sales dip from previous month

Dec 3 (Reuters) - The Perth Mint's sales of gold products surged by nearly 75 percent in November from the previous month, while silver sales fell, the mint said on Monday.

Sales of gold coins and minted bars climbed to 64,308 ounces in November, its highest since January 2017. Sales nearly tripled compared with the same month last year, the mint said in a blog post.

Silver sales in November were down 19 percent month-on-month at 876,446 ounces. From a year earlier, sales rose 61 percent.

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 0.6 percent in November, rising for a second consecutive month.

Period Gold (oz) Silver (oz) (year-month) 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 Sumita Layek in Bengaluru; Editing by Amrutha Gayathri)