Gold hallmarking continues to drop as silver remains strong

The number of gold articles hallmarked in the month of May reported a 14.1% drop when compared to last year’s figures.

Figures from the Birmingham Assay Office suggest that silver showed a growing strength with a 24.1% increase in hallmarked articles when compared to the same period last year.

Platinum showed a downtick of 0.9% while palladium suffered more than gold with a 14.9% decrease.

Despite a drop across all other metals, the strength of silver hallmarked articles drove the overall number of hallmarked metals up to a year-on-year increase of 2.6%.