Economy

Gold continues to perform well as overall hallmarking figures fall in May

Gold jewellery continued to perform well in May as overall hallmarking figures fell 7.2% when compared with the same month last year.

Hallmarking figures from the four UK assay offices – and compiled by the Assay Office Birmingham – found there was a total of 713,564 items hallmarked in May, compared with 770,075.

Related Articles

Despite the fall, gold continued its positive performance, with the total number of hallmarked items up 3.8% to 374,741, up from 360,930 in the same month last year.

18-carat gold reported a 15.6% increase in the number of items hallmarked to 71,950 – compared with 62,225 in May last year – and 9-carat gold recorded an increase of 0.8%.

Platinum and palladium hallmarking were also up 22% and 14.5% respectively, but silver dragged overall figures down as the number of hallmarked silver items fell 20% from 379,872 items last May to 303,756.

Month Month Variance %
May-15 May-16
Gold
999 55 151 96 174.5
990 0 56 56 0.0
916 39,635 41,683 2,048 5.2
750 62,255 71,950 9,695 15.6
585 7,524 7,497 -27 -0.4
375 251,461 253,404 1,943 0.8
360,930 374,741 13,811 3.8
Silver
999 1,065 2,085 1,020 95.8
958 1,020 2,350 1,330 130.4
925 377,725 299,142 -78,583 -20.8
800 62 179 117 188.7
379,872 303,756 -76,116 -20
             
Platinum
999 1 5 4 400.0
950 20,734 25,279 4,545 21.9
900 4 7 3 75.0
850 2 11 9 450.0
20,741 25,302 4,561 22
Palladium
999 0 1 1 100.0
950 7,043 8,061 1,018 14.5
500 1,489 1,703 214 14.4
8,532 9,765 1,233 14.5
770,075 713,564 -56,511 -7.3

Back to top button