Hallmarking falls in March as gold takes a hit

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Silver, platinum and palladium strong but gold in doldrums.

The total number of items hallmarked in the UK in March 2010 was down slightly on 2009 by 2.1 percent, with 9ct and 24ct gold taking the biggest hit showing drops of 18.1 percent and 62 percent.

The total number of gold items hallmarked dropped 14.3 percent, with 18ct and 22ct down 4.8 percent and 3.1 percent. 14ct gold proved the strongest gold in year-on-year comparisons with the number of items hallmarked in March up 21.2 percent.

Silver and platinum remained strong during March, with the number of items hallmarked up 6.7 percent and 8.8 percent respectively on March 2009’s figures.

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The Birmingham Assay Office said that palladium hallmarking is continuing to be popular with more than 13,000 items hallmarked in March. There are not year-on-year comparisons for the precious metal as palladium was not eligible for hallmarking in March last year.

Total hallmarking in the first quarter of 2010 showed an overall rise of 0.7 percent on the same period ending March 31 2009.

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