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North American Precious Metal Scrap Prices: Gold Falls, Silver and Platinum Rise – November 6–12, 2026
North American precious-metal scrap prices moved in different directions during November 6–12, 2026. Hallmarked and non-hallmarked gold declined across major purity grades, while silver and platinum recovered. Platinum recorded the strongest percentage gain, advancing 6.46%.
Published: November 13, 2026 | Market data: November 6–12, 2026
Weekly Market Summary
- Hallmarked gold: ▼ $8.61–$21.04/oz across the four reported purity grades, with 22-carat gold recording the largest absolute decline.
- Non-hallmarked gold: ▼ $8.14–$19.89/oz across the four reported purity grades.
- Silver: ▲ 1.40% in the hallmarked market and ▲ 1.44% in the non-hallmarked market.
- Platinum: ▲ 6.46% across both reported segments, leading the week's percentage increases.
MONTREAL (Scrap Monster): North American precious-metal scrap benchmarks diverged during November 6–12, 2026, according to the ScrapMonster Price Index.
Gold scrap prices weakened across all major hallmarked and non-hallmarked purity grades. Platinum and silver, meanwhile, ended the reporting period higher, producing a mixed weekly performance across the precious-metals market.
Hallmarked Precious Metals Market
International spot gold opened the week on Monday, November 9, around $4,039–$4,123 per ounce before declining over three consecutive sessions. On Thursday, the metal fell below the $4,000 threshold and reached an intraday low near $3,852 per ounce. Prices subsequently stabilized around $3,897 per ounce on Friday.
The bullion-market decline coincided with lower scrap gold buying benchmarks across the reported hallmarked purity grades. The source report attributed the pressure to a stronger U.S. dollar, higher crude oil prices, inflation concerns, changing Federal Reserve expectations and uncertainty surrounding Middle East peace negotiations.
Hallmarked Gold Scrap Declines Across All Purity Grades
Hallmarked scrap gold prices declined across all four reported purity grades, with larger absolute losses in higher-karat material.
22-carat gold: ▼ $21.04/oz, the largest absolute decline among the reported hallmarked gold grades.
18-carat gold: ▼ $17.22/oz week over week.
14-carat gold: ▼ $13.43/oz from the previous week's level.
The accompanying chart shows the weekly price movement in 22-carat hallmarked gold scrap.
9-carat gold: ▼ $8.61/oz over the reporting period.
The decreases reflected lower bullion valuations during the week, while the original report also identified subdued buying interest and relatively quiet market activity.
Hallmarked Silver and Platinum Scrap Recover
In contrast to gold, hallmarked silver and platinum scrap benchmarks ended the week higher.
Hallmarked silver scrap prices increased 1.40% compared with the previous week's level.
Platinum scrap prices recorded a stronger recovery, advancing 6.46% over the reporting period.
The differing movements highlight the selective nature of the week's precious-metal performance. Gold weakened across purity grades, while silver and platinum registered positive weekly changes.
ScrapMonster Edge: Precious-Metal Scrap Markets Diverge
The week's results were not a uniform precious-metals selloff. Hallmarked 22-carat gold declined $21.04 per ounce, while platinum gained 6.46% and hallmarked silver rose 1.40%. The difference matters because gold, silver and platinum scrap do not necessarily move in the same direction during periods of bullion-market volatility.
Industry takeaway: Refiners, precious-metal buyers and recyclers should evaluate each metal and purity grade separately. Recoverable metal content, assay results and refining terms remain important alongside benchmark price movements.
Non-Hallmarked Precious Metals Market
Non-hallmarked gold scrap prices followed the same downward direction as hallmarked gold, while platinum and silver recorded positive weekly changes.
Non-Hallmarked Gold Scrap Moves Lower
All four reported non-hallmarked gold purity grades declined during November 6–12.
22-carat gold: ▼ $19.89/oz week over week.
18-carat gold: ▼ $16.28/oz.
14-carat gold: ▼ $12.70/oz.
9-carat gold: ▼ $8.14/oz (0.59%).
The declines were consistent with the softer gold bullion market during the reporting period.
Platinum Scrap Leads Weekly Gains
Platinum scrap emerged as the strongest percentage performer in the non-hallmarked precious-metals market, gaining 6.46% week over week.
The accompanying chart shows the platinum scrap price movement over the reporting period.
Platinum scrap quotations strengthened from November 5 through November 10 before retreating from their highs. The source report identified stronger-than-expected U.S. inflation, changing Federal Reserve rate expectations and subdued automotive catalytic-converter demand as pressures affecting prices later in the week.
Despite that pullback, platinum maintained a positive net weekly change through November 12.
Non-Hallmarked Silver Finishes Higher
Non-hallmarked silver scrap prices increased 1.44% from the previous week.
The metal experienced a midweek increase followed by a late-week reversal, but retained a modest positive weekly change.
Overall, gold finished lower across both purity classifications, while silver and platinum remained higher on the ScrapMonster Price Index.
Pricing scope: Figures represent reported weekly movements in North American precious-metal scrap benchmarks. Actual buying quotations vary with purity, assay results, recoverable metal content, refining charges, quantity and buyer terms. Public percentage and price-change figures should not be interpreted as guaranteed purchasing prices.
