The New Mercat Cross which was erected in 1913 in memory of Edward VII, was said to be an exact copy of Old Mercat Cross.
It is embellished with the crests of 13 town guilds, but there is no information to say which guild each of the crests represent.
The Cross stands in King Edward Street which was created in 1901-1902. (Duncan. J., Perth, A City Again, 2012, p299)