Perth Mint's Oct gold sales down about 4 pct on month, silver up 43 pct

Sydney-Australia (Nov 1)  The Perth Mint's sales of gold products fell 3.87 percent in October from a month earlier, while silver sales rose about 43 percent, the mint said in a blog post on its website on Wednesday.

Sales of gold coins and minted bars dropped to 44,618 ounces in October from 46,415 ounces a month ago, the mint said.

Silver sales during the month, meanwhile, jumped to 999,425 ounces from 697,849 ounces in September.

The Perth Mint refines more than 90 percent of newly-mined gold in Australia, the world's No. 2 gold producer after China.

Spot gold prices recorded their second consecutive monthly decline in October, pressured by a strong U.S. dollar. Period Gold (oz) Silver (oz)

Reuters