Quarterly Hallmarking Figures / January to March 2011

HIGH PRICES CONTINUE TO HAVE IMPACT ON
GOLD VOLUMES

The total number of articles hallmarked by the four UK Assay Offices was 12.6% down in the first quarter of 2011 The total number of articles hallmarked by the four UK Assay Offices was 12.6% down in the first quarter of 2011. All metals showed a reduction in volumes hallmarked, including silver which was 11.2% down but still representing 58% of the total units hallmarked in the UK. The decline is undoubtedly a result of the on-going rise in precious metal prices and consumer and retailer confidence being eroded by economic uncertainty and rising fuel and food prices.

Work dealt with by the Assay Offices of Great Britain, for the Quarter January – March 2011