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Sales of gold exploded by 510% at the end of 2020, says Royal Mint

The UK's coin producer expects this trend to continue as the pandemic continues to create uncertainty

Coins produced by the Royal Mint. The UK’s mint said there was a 53% increase in the sale of 1g and 5g gold bars over the Christmas period
Coins produced by the Royal Mint. The UK’s mint said there was a 53% increase in the sale of 1g and 5g gold bars over the Christmas period Photo: Jason Alden/Getty Images

Sales of gold increased by 510% in November and December 2020 compared to the year before, the Royal Mint says.

In a 19 January statement, the UK’s mint, which produces coins for the country, also said that there was a 53% increase in the sale of 1g and 5g gold bars over the Christmas period.

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