Scrap Gold and Silver prices rise on Index, Platinum declines on 6th Feb, 2017

Published: Feb 7, 2017 15:38

Save

The daily scrap gold and silver prices - hallmarked and non- hallmarked moved higher from previous day on Monday, 6th February, 2017 on the ScrapMonster Price Index.

By Paul Ploumis
February 07, 2017 01:19:03 AM

SEATTLE (Scrap Monster): The daily scrap gold and silver prices - hallmarked and non- hallmarked moved higher from previous day on Monday, 6^th February, 2017 on the ScrapMonster Price Index. However, the prices of Platinum scrap declined over the day.

In the Hallmarked category, the 14 carat gold scrap prices went higher by $ 4.99 per Oz. The prices of 18 carat and 22 carat gold scrap also went higher by $ 6.40 per Oz and $ 7.82 per Oz respectively. 9 carat gold scrap prices increased by $ 3.20 per Oz. The price of Platinum scrap witnessed decline of $ 8.75 per Oz to reach $ 723.29 per Oz. Silver scrap prices saw up tick of $0.26 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 4.73 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 6.05 and $ 7.39 per Oz respectively.9 carat gold scrap also increased by $ 3.03 per Oz. The price of Platinum scrap witnessed a decline of $ 8.75 per Oz to reach $ 723.29 per Oz. Meantime, Silver scrap prices inched higher by $ 0.24 per Oz during the day.

scrap gold prices scrap silver prices gold silver

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

11 hours ago

Rate Hike Lands, Platinum and Palladium Consolidate; Spot Market Supply Tight, Deals Near Parity [SMM Platinum and Palladium Weekly Review]

Platinum and palladium prices opened lower with a gap this week, consolidated at lows, and moved sideways after the rate hike landed, with both metals closing lower for the week. In the spot market, after futures opened sharply lower early in the week, spot platinum and palladium discounts narrowed notably. Orders from most downstream buyers recovered, as they actively inquired and purchased near short-term price lows following the futures market. Cargoes at deep discounts were cleared, and suppliers held prices firm on shipments. In the near term, platinum and palladium are likely to consolidate on a subdued note. Going forward, close attention should be paid to US Fed officials' remarks, US September inflation and employment data, and the policy path from the meeting.

11 hours ago

12 hours ago

Platinum & Palladium Compounds Weekly: Faster Spot Deliveries, Modest Domestic Auto Recovery

12 hours ago

13 hours ago

Fed Unanimously Votes for Rate Hike, Precious Metals Face Downward Pressure

**SMM News, September 17:** Overnight, Federal Reserve members voted unanimously in favor of an interest rate hike, a rare outcome, and further consecutive rate hikes remain possible. Precious metals have been under sustained downward pressure on the back of the rate hike news, triggering a sudden pullback in rhodium prices following their earlier rally. Some market participants noted that selling liquidity has dried up markedly over the past two days, and forced liquidation at lower prices has caused rhodium to fall sharply.

13 hours ago