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Precious Metals News

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Scrap Steel Prices: Weekly Market Report - 27th January, 2023

Scrap Steel Prices: Weekly Market Report - 27th January, 2023

The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 26th January, 2023 stood at $422.50 per tonne.
Scrap Copper Prices: Weekly Market Report-Jan. 27th, 2023

Scrap Copper Prices: Weekly Market Report-Jan. 27th, 2023

The prices of Copper Armature, Copper cable scrap, Copper heavy scrap and Copper utensil scrap too increased nominally during the week ended 26th January, 2023.
Scrap Aluminum Prices: Weekly Market Report- 27th January, 2023

Scrap Aluminum Prices: Weekly Market Report- 27th January, 2023

The LME Aluminum stocks surged over the previous day to close at 419,425 tonnes on 26th January, 2023, as compared with 381,550 a day before.
2022 Gold Demand Strong in Several Asian Nations

2022 Gold Demand Strong in Several Asian Nations

Another 188 tons were shipped to Turkey, up from a mere 11 tons in 2021.
Scrap Steel Market: Weekly Price Report - Jan 20th, 2023

Scrap Steel Market: Weekly Price Report - Jan 20th, 2023

The LME Steel Scrap CFR Turkey (Platts) Month 2 Closing price as on 19th January, 2023 stood at $413.00 per tonne.
UAE National Held with Gold Dust Worth Rs. 1.2 Crore at Mumbai Airport

UAE National Held with Gold Dust Worth Rs. 1.2 Crore at Mumbai Airport

The Air Intelligence Unit (AIU) of Custom officials arrested Nabil Mortaja Najah under various sections of customs act.
Gold Industry Seeks Sizeable Cut in Import Duty

Gold Industry Seeks Sizeable Cut in Import Duty

The customs duty on gold currently stands at around 15%, including an agricultural infrastructure cess of 2.5%.
Indian Silver Imports Set Record in 2022

Indian Silver Imports Set Record in 2022

Over the last decade, the only years that silver investment demand fell in India were in 2016 and during the pandemic in 2020.
DRI Seized Crores Worth Smuggled Gold from Air Cargo Complex

DRI Seized Crores Worth Smuggled Gold from Air Cargo Complex

The raid, based on specific information, recovered smuggled gold in various stages of processing.
Small Miners Target 40 Tonnes of Gold Output

Small Miners Target 40 Tonnes of Gold Output

Gold is Zimbabwe’s single largest foreign currency earner while artisanal miners account for more than half the country’s national production.
Gold Market Discounts Hit Fresh Peak, Driven by Muted Demand

Gold Market Discounts Hit Fresh Peak, Driven by Muted Demand

The rise in domestic gold prices led to investors booking profits in their gold investments.
Gold ETF Inflows Slump as Prices Rise

Gold ETF Inflows Slump as Prices Rise

Also, SIP’s flows too have witnessed a significant rise with investors likely redeeming out of other asset classes in favour of equity funds.
WGC Foresees Notable Surge in Indian Gold Jewellery Demand

WGC Foresees Notable Surge in Indian Gold Jewellery Demand

According to the WGC report, the U.S. has surpassed the UAE to become the largest destination of Indian gold jewellery.
Scrap Copper Prices: Weekly Market Report-Jan. 20th, 2023

Scrap Copper Prices: Weekly Market Report-Jan. 20th, 2023

The LME Copper Cash Settlement contract prices declined from $9,436.00 a day before to $9,190.00 per tonne.

Scrap Metal Prices

Scrap Gold (Hallmarked)
14ct Gold Scrap1096.56$US / Oz
18ct Gold Scrap1405.85$US / Oz
22ct Gold Scrap1717.02$US / Oz
9ct Gold Scrap702.92$US / Oz
Scrap Gold (Non-Hallmarked)
14ct Gold Scrap1037.21$US / Oz
18ct Gold Scrap1329.76$US / Oz
22ct Gold Scrap1624.08$US / Oz
9ct Gold Scrap664.88$US / Oz

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