Scrap Gold, Silver and Platinum prices surged on Index on 11th August, 2017

Published: Aug 14, 2017 16:24

Save

The daily scrap gold prices - hallmarked and non- hallmarked went higher on Friday, 11th August, 2017 on the ScrapMonster Price Index.

By Paul Ploumis
August 11, 2017 12:30:25 PM

SEATTLE (Scrap Monster): The daily scrap gold prices - hallmarked and non- hallmarked went higher on Friday, 11^th August, 2017 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 $ 5.33 per Oz. The prices of 18 carat and 22 carat gold scrap went higher by $ 6.83 and $ 8.36 per Oz respectively.9 carat gold scrap also edged higher by $ 3.41 per Oz. The price of Platinum scrap witnessed a jump of $ 2.19 per Oz to reach $ 716.00 per Oz. Silver scrap prices edged higher by $0.41 per Lb to $14.06 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 5.04 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 6.47 and $ 7.90 per Oz respectively.9 carat gold scrap also increased by $ 3.23 per Oz. The price of Platinum scrap saw increase of $ 2.19 per Oz. Also, silver scrap prices were up by $ 0.36 per Oz to touch $ 12.48 per Oz.

gold prices silver prices precious metals

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

4 hours ago

【SMM Analysis】Implats 2010 To 2025: Why More Metal Does Not Always Mean More Money

Implats’ 2010–2025 operating record shows why higher output does not always mean stronger profits. Metal prices, operating disruptions, acquisitions and currency movements shaped performance. Palladium and rhodium prices fell sharply after FY2021. FY2026 results show a recovery, but lasting strength depends on safe operations, reliable processing, disciplined costs and converting metal into cash, rather than relying on favourable prices alone.

4 hours ago

8 hours ago

[SMM Precious Metals Express]

Implats is reassessing the strategic value of its Waterberg PGM project. The company’s management recently stated that the revised Waterberg plan, following scale reduction and capital cost optimisation, is more attractive than previous versions, and the project has re-entered the group’s future growth pipeline. This development also reflects an increasingly pressing reality for South Africa’s PGM industry: projects capable of delivering incremental output at lower risk and reasonable capital intensity are becoming scarce.

8 hours ago

[SMM Precious Metals Express]

A major green hydrogen project in South Africa has taken another key step forward. Hive Hydrogen South Africa announced on September 15 that it has formally awarded the front-end engineering design (FEED) contract for its approximately USD 5.8 billion green hydrogen and green ammonia project to Spanish engineering firm Técnicas Reunidas. The project, now in the late development stage, is regarded as a flagship green hydrogen initiative in South Africa and one of the key demonstration projects under the European Union’s Global Gateway programme in the country.

8 hours ago