The overall variety of gadgets hallmarked by all 4 UK Assay Places of work fell 35.9% in March 2023 in contrast with the identical interval in 2022, in accordance with information from Birmingham Assay Workplace.
The overall variety of gadgets hallmarked in March was 591,874, round 320,000 lower than the identical month in 2022.
Silver noticed the most important drop of 47.5% throughout all classes. Equally, gold fell by 23.9% with 9ct, 14ct and 18ct gold all dropping by 27.8%, 28.8% and 16.9% respectively.
Platinum stayed stage solely seeing a modest 0.6% decline in whole hallmarked gadgets all through the month.
The one class that noticed features was palladium, with a 37.6% improve in hallmarked gadgets throughout all alloys.
The figures in March exhibit a continued sample of month-on-month decline in whole hallmarking, with figures in February 2023 additionally dipping by 32.8%.