Hallmarking figures take a dip of 4.4%
The Hallmarking figures dropped by 4.4% in the month of October. Gold took the maximum hit because of the dip. The data which has been compiled from the 4 assay offices of the UK by Birmingham Assay Office depicted that the sum of all the things which were hallmarked this year was 1,186,648 as compared to last year’s 1,240,717.
Hallmarking figures have experienced a dip of 4.4% and gold has been affected the most by this hit. This year jus 1,186,648 items have been hallmarked in contrast to last year’s 1,240, 717. The hallmarking figures have dipped by 4.4% in the month of October. The data has been compiled by the 4 assay offices of the UK which shows that 1,186,648, items were hallmarked during this period in comparison to 1,240,717 of last year.
Gold has gone down by 3.5%, palladium by 14.1% and silver by 5.5%.
It’s definitely quite disappointing to watch the figures go down.
After the leavening year of almost uninterrupted increase in the volumes every month, through the 4 hallmarking set ups, the dip is a reminder call about the fragileness of the recovery of the sector.
But, we need to focus on the broader picture or else the rising optimum of the industry would suffer greatly. This year, till date, hallmarking has remained down just marginally as compared to last year. Between the periods of January to October in 2015, approximately 40,000 less number of items were hallmarked as compared to the same period of 2014.
No dip would be welcomed. But if we look at the picture of the whole year, it would either be flat or increased comfortably post Christmas.