Sunday, April 21, 2024

Continuing Impact of Rising Gold Price

The quarter began positively with volumes of articles hallmarked by the four UK Assay Offices showing a 7% increase on April 2009.

However, the economic uncertainty and general nervousness following the General Election in early May has impacted on previous metal prices and consumer confidence and in May, the increase was down to 1.4%.

This was compounded in June by the distractions of the World Cup and summer weather impacting on retail footfall, resulting in hallmarking volumes falling 17% against 2009.

With gold at an average of £835 per oz during June it is not surprising that silver articles hallmarked vastly exceeded gold, with 1.9m silver pieces (+5.3%) hallmarked versus 1.2m gold (-19%).

Overall total volumes for the quarter were 4.5% on 2009 at 3,218,274 articles, including 36,486 pieces of palladium which continues to gain popularity.

(Courtesy ‘The Anchor’)

Notify of
Inline Feedbacks
View all comments

Stay Connected

- Advertisement -

Please Donate

The Hockley Flyer magazine if entirely funded by the advertising, but we could always do with a little bit more funding. The advertising not only pays for the design/printing, but also postage, delivery, all the associated paperwork/accounts, and research for the Heritage section. Our subscribers pay only a bit more then the postage/mailing costs, and the magazines are free - no cover price.

Subscribe to News Digest

Oh hi there 👋
It’s nice to meet you.

Sign up to for awesome content in your inbox with latest updates in a daily digest.

We don’t spam! Read our privacy policy for more info.

Latest Articles

Would love your thoughts, please comment.x