The scrap metal market saw a dip in gold and silver prices, while platinum experienced slight gains on the index. The price movements were observed across both hallmarked and non-hallmarked categories.
Hallmarked Scrap Prices
- Gold Scrap:
- 9-carat gold: Down by $2.73 per ounce (Oz).
- 14-carat gold: Declined by $4.26 per Oz.
- 18-carat gold: Dropped by $5.45 per Oz.
- 22-carat gold: Fell by $6.67 per Oz.
- Silver Scrap: Decreased by $0.31 per Oz.
- Platinum Scrap: Edged up by $2.92 per Oz.
Non-Hallmarked Scrap Prices
- Gold Scrap:
- 9-carat gold: Declined by $2.58 per Oz.
- 14-carat gold: Down by $4.03 per Oz.
- 18-carat gold: Dropped by $5.16 per Oz.
- 22-carat gold: Fell by $6.30 per Oz.
- Silver Scrap: Dipped by $0.28 per Oz, settling at $22.10 per Oz.
- Platinum Scrap: Gained $2.92 per Oz compared to the previous day.
Market Overview
The declines in gold and silver scrap prices reflect fluctuating market dynamics influenced by global demand, economic conditions, and currency valuations. In contrast, platinum prices remained resilient, showing marginal growth amidst the broader downtrend.
These price shifts are critical for stakeholders in the jewelry, investment, and recycling sectors, as they influence buying and selling strategies in the metals market.
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