(Reuters) - The Perth Mint's gold product sales in May fell 46% from the previous month to their lowest level since April 2017, the refiner said on Wednesday.
Sales of gold coins and minted bars in May fell to 10,790 ounces from 19,991 ounces in April, the mint said in a blog post.
Silver sales last month fell about 25% to 681,582 ounces from April.
In May, benchmark spot gold prices posted their first monthly gain in four months, following a surge towards the end of the month after U.S. President Donald Trump threatened tariffs on imports from Mexico, which fed fears of a global downturn.
The Perth Mint refines more than 90% of newly-mined gold in Australia, the world's second-largest gold producer after China.
(Reporting by Nallur Sethuraman in Bengaluru; Editing by Rashmi Aich)
