Precious Metal Scrap Prices: Weekly Market Report (June 5-11, 2026)
Weekly Metal Price Report | 2026-06-12 08:16:24 | By Paul Ploumis
Fourteen-carat scrap gold prices declined sharply by $184.04 per ounce over the week, largely driven by increased profit-taking by investors and a drop in international gold spot prices.
SEATTLE (Scrap Monster): North American scrap prices for gold and platinum—across both hallmarked and non-hallmarked categories—recorded modest declines during the June 5-11, 2026 period on the ScrapMonster Price Index.
Also, hallmarked and non-hallmarked silver prices were down slightly upon comparison with the previous week’s prices.
Hallmarked Precious Metals Market
Hallmarked gold scrap values moved lower over the week on the ScrapMonster Price Index, with a broad range of purity grades posting declines as market demand weakened across major scrap recovery and recycling sectors.
Fourteen-carat scrap gold prices recorded a notable weekly decline of $184.04 per ounce, pressured by investor profit-booking and weaker global gold prices. Similarly, 18-carat scrap gold values trended lower, posting a substantial week-on-week loss of $235.94 per ounce.
Twenty-two-carat scrap gold prices recorded a significant weekly setback, declining by $288.16 per ounce amid weaker international gold prices, a firmer U.S. dollar, elevated interest rates, increased investor profit-booking, growing scrap availability, and higher recycling-related processing costs.
In addition, lower-grade 9-carat scrap gold followed the strong downward trend, recording a week-on-week drop of $117.97 per ounce.
Silver scrap prices recorded a sharp weekly correction, declining by $6.80 per ounce (↓12.28%) to settle at $48.56 per ounce. The chart below highlights the movement in hallmarked silver scrap values over the review period.
Platinum scrap prices posted a significant weekly loss, declining by $157.50 per ounce, or ↓11.39% from the previous week's level. The downturn reflected weaker conditions in the global platinum market as well as evolving trends within the recycling industry.
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Non-Hallmarked Precious Metals Market
Non-hallmarked gold scrap prices moved lower across all major purity grades during the week, reflecting changing market conditions. Fourteen-carat scrap gold declined by $174.02 per ounce, while 18-carat and 22-carat material posted steeper losses of $223.11 and $272.49 per ounce, respectively.
Lower-purity 9-carat scrap gold also followed the downward trend, posting a week-on-week decline of $111.56 per ounce, as shown in the accompanying chart.
Platinum scrap values continued to trend lower on the ScrapMonster Price Index over the reporting period, retreating by $157.50 per ounce from the previous week's benchmark. The ↓11.39% drop reflected persistent weakness in underlying market fundamentals.
Silver scrap prices followed a downward trajectory, falling significantly by $0.29 per ounce (↓12.29%) compared with the previous week. The dip in prices was mainly due to muted local demand, softer global silver prices, and increased scrap inflows.
Silver scrap prices moved lower during the week, declining by $0.29 per ounce, or ↓12.29%, from the previous week's level. The downturn was attributed to subdued domestic demand, weaker international silver prices, and higher volumes of scrap entering the market.
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