Scrap Gold, Silver and Platinum prices surge on Index on 25th Oct, 2016

Published: Oct 27, 2016 11:01
The daily scrap gold prices - hallmarked and non- hallmarked went higher on Tuesday, 25th October, 2016 on the ScrapMonster Price Index.

By Paul Ploumis
October 26, 2016 01:31:02 AM

SEATTLE (Scrap Monster): The daily scrap gold prices - hallmarked and non- hallmarked went higher on Tuesday, 25th October, 2016 on the ScrapMonster Price Index. The prices of scrap silver and Platinum too climbed higher on Index.

In the Hallmarked category, the 14 carat gold scrap prices were up by $ 1.31 per Oz. The prices of 18 carat and 22 carat gold scrap went higher by $ 1.67 and $ 2.04 per Oz respectively.9 carat gold scrap also edged higher by $ 0.83 per Oz. The price of Platinum scrap witnessed a jump of $ 14.59 per Oz to reach $ 690.48 per Oz. Silver scrap prices went higher by $ 0.07 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 1.24 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 1.58 and $ 1.93 per Oz respectively.9 carat gold scrap also increased by $ 0.79 per Oz. The price of Platinum scrap saw increase of $ 14.59 per Oz. Also, silver scrap prices were up by $ 0.06 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
Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].
Feb 6, 2026 18:30
Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].
Read More
Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].
Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].
This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.
Feb 6, 2026 18:30
A00 Aluminum Prices Drop, Secondary Market Shows Divergence Amid Sluggish Demand
Feb 6, 2026 17:12
A00 Aluminum Prices Drop, Secondary Market Shows Divergence Amid Sluggish Demand
Read More
A00 Aluminum Prices Drop, Secondary Market Shows Divergence Amid Sluggish Demand
A00 Aluminum Prices Drop, Secondary Market Shows Divergence Amid Sluggish Demand
[SMM Aluminum Alloy Daily Review] A00 aluminum prices dropped by 200 yuan/mt from the previous trading day to 23,140 yuan/mt, while SMM ADC12 prices edged down by 50 yuan/mt to 23,550 yuan/mt. Today, secondary aluminum market quotations showed some divergence, with some enterprises choosing to hold steady and wait, while others lowered their offers by about 100 yuan/mt. Driven by the price pullback, downstream purchasing mainly focused on restocking at lower levels, and transaction activity improved slightly compared to the previous period. Overall, downstream demand continued to contract, and fundamental support for prices weakened marginally. Before the holiday, secondary aluminum alloy prices are expected to remain in the doldrums at high levels, with the price center pulling back sligh
Feb 6, 2026 17:12
The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]
Feb 6, 2026 11:59
The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]
Read More
The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]
The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]
[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]
Feb 6, 2026 11:59
Scrap Gold, Silver and Platinum prices surge on Index on 25th Oct, 2016 - Shanghai Metals Market (SMM)