Precious Metal Scrap Prices: Weekly Market Report (January 23-29, 2026)
Weekly Metal Price Report | 2026-01-30 11:31:36
Platinum scrap emerged as a standout performer, delivering a sharp upswing over the period.
By Paul Ploumis
SEATTLE (Scrap Monster): North American precious metal scrap prices, including gold, silver, and platinum in both hallmarked and non-hallmarked forms, posted strong gains on the ScrapMonster Price Index during the January 23–29, 2026 period.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices posted a robust weekly upswing, as firm demand and positive market dynamics lifted valuations across a wide range of purity levels, according to the ScrapMonster Price Index. Strong buying interest from key recycling channels provided consistent upward momentum throughout the week.
Fourteen-carat scrap gold registered a notable increase of $171.86 per ounce, reflecting improving consumption trends and renewed market confidence. Eighteen-carat grades outperformed further, rising by $343.71 per ounce over the same period, supported by sustained trading activity.
The sharpest price appreciation was recorded in 22-carat scrap gold, which soared by $419.78 per pound, highlighting heightened preference for higher-purity material among buyers. Weekly price movements for 22-carat hallmarked gold are illustrated in the accompanying chart.
Lower-purity material also benefitted from the broader bullish sentiment, with 9-carat scrap gold advancing approximately 9.83 percent on a week-on-week basis.
Across the wider precious metals scrap complex, silver prices surged, climbing 20.8 percent to close at $84.98 per ounce. Platinum followed suit, recording a solid 6.54 percent weekly gain to finish at $1,947.49 per ounce, reinforcing the overall strength seen across the precious metals recycling market.
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Non-Hallmarked Precious Metals Market
Gold scrap prices strengthened across major purity brackets during the week, driven by sustained buying activity and supportive market fundamentals. Fourteen-carat material posted a robust gain of $253.51 per ounce, while 18-carat and 22-carat grades recorded steady advances of $325.01 and $396.95 per ounce, respectively. Even lower-grade 9-carat scrap mirrored the positive momentum, rising 9.83 percent on a week-on-week basis.
Platinum scrap emerged as a standout performer, delivering a sharp upswing over the period. Prices surged 6.54 percent to settle at $1,947.49 per ounce, up from the previous week’s opening level of $1,827.91 per ounce, as highlighted in the accompanying chart.
Silver scrap prices also climbed significantly, registering a strong weekly increase of 20.8 percent. The rally underscores improving market confidence and renewed procurement interest across the broader precious metals scrap landscape.
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Frequently Asked Questions
- Which hallmarked gold category recorded the biggest price increase during the week from Jan 23-29, 2026?
Twenty-two-carat hallmarked scrap gold posted the strongest gain, surging by $419.78 per pound over the week.
- How did non-hallmarked gold scrap prices perform?
Non-hallmarked gold prices rose across all major purity segments, with 14-carat gaining $253.51 per ounce and 18-carat and 22-carat grades posting increases of $325.01 and $396.95 per ounce, respectively.
- What was the performance of silver and platinum scrap prices?
Silver scrap prices jumped 20.8% to $84.98 per ounce, while platinum rose 6.54% to $1,947.49 per ounce, reflecting strong market momentum.
