Scrap gold and platinum prices rise, Silver drops on Index 2nd Feb, 2016

Published: Feb 3, 2016 18:56
Scrap gold and platinum prices ended marginally higher on February 2nd, Tuesday. On the other hand, scrap silver prices dropped.

By Paul Ploumis (ScrapMonster Author)

February 03, 2016 03:09:49 AM

SEATTLE (Scrap Monster): The daily scrap gold and platinum prices - hallmarked and non- hallmarked were up on Tuesday, 2nd February on the ScrapMonster Price Index. However, the prices of Silver scrap fell marginally over the day.

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.91 per Oz. The prices of 18 carat and 22 carat gold scrap also went higher by $ 1.16 per Oz and $ 1.43 per Oz respectively. 9 carat gold scrap prices increased by $ 0.58 per Oz. The price of Platinum scrap increased by $ 0.73 per Oz to reach $ 632.15 per Oz. Silver scrap prices edged lower by $ 0.05 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 0.86 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 1.10 and $ 1.34 per Oz respectively.9 carat gold scrap also increased by $ 0.55 per Oz. The price of Platinum scrap witnessed up move of $ 0.73 per Oz to reach $ 632.15 per Oz. Silver scrap prices were marginally down by $ 0.05 per Oz.


Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Nickel Intermediate Product Daily Review] April 7: MHP and High-Grade Nickel Matte Nickel Prices Declined
1 hour ago
[SMM Nickel Intermediate Product Daily Review] April 7: MHP and High-Grade Nickel Matte Nickel Prices Declined
Read More
[SMM Nickel Intermediate Product Daily Review] April 7: MHP and High-Grade Nickel Matte Nickel Prices Declined
[SMM Nickel Intermediate Product Daily Review] April 7: MHP and High-Grade Nickel Matte Nickel Prices Declined
As of now, the FOB price of Indonesian MHP nickel was $15,341/mt Ni, and the FOB price of Indonesian MHP cobalt was $51,425/mt Co. MHP payables (against SMM battery-grade nickel sulphate index) stood at 86-87, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) was 94. The FOB price of Indonesian high-grade nickel matte was $15,623/mt Ni.
1 hour ago
[SMM Stainless Steel Flash] Guangdong Nachuan Granted EIA Approval for 150k-Unit Stainless Project
1 hour ago
[SMM Stainless Steel Flash] Guangdong Nachuan Granted EIA Approval for 150k-Unit Stainless Project
Read More
[SMM Stainless Steel Flash] Guangdong Nachuan Granted EIA Approval for 150k-Unit Stainless Project
[SMM Stainless Steel Flash] Guangdong Nachuan Granted EIA Approval for 150k-Unit Stainless Project
The Environmental Impact Assessment (EIA) for Guangdong Nachuan New Materials Co., Ltd.'s relocation project was officially approved. The facility is designed for an annual output of 150,000 wear-resistant stainless steel parts, alongside 25,000 cast iron units and 26,000 alloy steel units. This approval paves the way for the company to scale up its high-performance material production, strengthening its supply capacity for industrial wear-resistant components.
1 hour ago
[SMM Nickel Midday Review] On April 7, nickel prices retreated after rapid rise, as Trump stated Tuesday was the deadline for reaching a deal (
1 hour ago
[SMM Nickel Midday Review] On April 7, nickel prices retreated after rapid rise, as Trump stated Tuesday was the deadline for reaching a deal (
Read More
[SMM Nickel Midday Review] On April 7, nickel prices retreated after rapid rise, as Trump stated Tuesday was the deadline for reaching a deal (
[SMM Nickel Midday Review] On April 7, nickel prices retreated after rapid rise, as Trump stated Tuesday was the deadline for reaching a deal (
1 hour ago