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The gold price hit a new record high of $1,509.60 per troy ounce today and hallmarking figures for articles made from the precious metal suggest that gold jewellery sales are falling

Hallmarking figures fall as gold price hits new highs

The soaring cost of gold is set to cause more headaches in the jewellery industry having hit a new record of $1,509.60 per troy ounce today, while latest figures have revealed that the number and weight of gold products being hallmarked in the UK has fallen as cash-strapped consumers struggle to afford them.