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

Published: Feb 03, 2016 18:56 (GMT+8)

Save

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.

scrap gold and platinum prices

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 for 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

Oct 02, 2026 10:52 (GMT+8)

【Flash | Tubacex October Mo-Bearing Tube Surcharges Are Mixed】

Tubacex issued its October tube alloy surcharges. In euros, hot-/cold-finished 316/316L fell from €5.07/€5.59 per kg (€5,070/€5,590 per tonne) to €5.05/€5.56 per kg (€5,050/€5,560 per tonne). High Mo content materials, with Mo above 2.5%, declined from €5.26/€5.79 to €5.23/€5.76 per kg. Surcharges for 2205 and 2507 were unchanged, while 254 SMO rose from €9.64/€10.62 to €9.67/€10.65 per kg. SMM analysis: most Mo-bearing tube grades were flat or slightly lower, while 254 SMO moved higher, indicating differentiated cost transmission across grades.

Oct 02, 2026 10:52 (GMT+8)

Oct 02, 2026 10:50 (GMT+8)

[SMM Stainless Steel Flash] India stainless scrap prices diverge as 304 eases with nickel and tight 316 holds firm

India's stainless steel scrap market moved in different directions in the week ended 1 October. Domestic 304 scrap prices edged lower and import offers followed, while 316 prices held steady in both the domestic and import markets. Weaker LME nickel prices weighed on 304 sentiment, and buyers stuck to immediate requirements as trading slowed over the festive period. Tight availability limited downside for 316. On procurement, short processing windows following the government's relaxation of Pre-Shipment Inspection Certificate (PSIC) requirements, along with additional import costs, continued to limit mills' flexibility. Some mills are evaluating billets, slabs and nickel pig iron (NPI) as alternatives to scrap to manage input costs. Looking further out, the EU's proposal to restrict metal waste exports to India under its new Waste Shipment Regulation (WSR) would, if adopted, further narrow India's scrap import options. In the near term, 304 scrap faces mild downward pressure if nickel stays weak, while 316 is expected to remain firm as long as supply stays tight. PSIC developments and the relative economics of billets and NPI will be key factors to watch.

Oct 02, 2026 10:50 (GMT+8)

Oct 02, 2026 10:47 (GMT+8)

【Flash | Metallus Raises October Molybdenum Surcharge Component for 300M Steel】

Metallus set its October raw-material surcharges for Oct 1–30. The Mo component for 300M steel rose 0.52% to $15.176/cwt, about $334.57/t of steel, from $15.098/cwt, or $332.85/t. The listed total surcharge increased 1.03% to $45.054/cwt. Scrap rose to $17.750/cwt, while the separate energy surcharge for bars and tubes fell from $1.296/cwt, about $28.57/t, to $0.050/cwt, or $1.10/t.

Oct 02, 2026 10:47 (GMT+8)