US Scrap Gold prices gain; Gold Futures post highest settlement since January 2015

Published: May 03, 2016 10:00 (GMT+8)

Save

United States scrap gold prices gained on Friday while gold futures prices at New York Mercantile Exchange posting the highest settlement since January 2015.

UNITED STATES May 02 2016 5:06 PM

NEW YORK (Scrap Register): United States scrap gold prices gained on Friday while gold futures prices at New York Mercantile Exchange posting the highest settlement since January 2015, as a slump in the greenback to its lowest level in about 11 months lured investors into dollar-denominated commodities.

The major gold scrap commodities on the Scrap Register Price Index traded up on Friday. The 9ct hallmarked gold scrap prices gained to $467.655 an ounce and 14ct hallmarked gold scrap prices increased to $729.542 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also advanced at $935.31 an ounce and $1142.326 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices advanced to $442.344 an ounce and 14ct non-hallmarked gold scrap prices up to $690.057 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded higher at $884.688 an ounce and $1080.499 an ounce respectively.

The most active June gold contract on the COMEX division of the New York Mercantile Exchange settled higher by $24.10 to $1,290.50 an ounce on Friday, marking a fifth straight day of gains. The settlement was the best since late January 2015. Yellow metal prices ended roughly 4.4% higher for the month, based on the most-active contracts, and were up over 5% on the week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

US scrap gold 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)