2017 to be best year for Krugerrand sales since 1980s, says Rand Refiney

Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016. This is according to precious metal smelting and refining complex Rand Refinery marketing executive head Richard Collocott, who was addressing the media during a site visit to the company’s facility on the East Rand, last week, to mark the coin’s fiftieth anniversary.