Precious Metal Scrap Prices: Weekly Market Report (July 10- 16, 2026)
Weekly Metal Price Report | 2026-07-17 09:49:31
In contrast, platinum scrap prices—across both hallmarked and non-hallmarked categories—edged higher compared to the previous week.
By Paul Ploumis
SEATTLE (Scrap Monster): North American gold and silver scrap prices, covering both hallmarked and non-hallmarked segments, registered slight declines on the ScrapMonster Price Index during the week of July 10-16, 2026.
In contrast, platinum scrap prices—across both hallmarked and non-hallmarked categories—edged higher compared to the previous week.
Hallmarked Precious Metals Market
Hallmarked gold scrap prices showed a subdued weekly trend, with several purity grades registering modest declines on the ScrapMonster Price Index amid softer demand from key recycling channels.
Fourteen-carat scrap gold prices fell by $38.36 per ounce over the week, primarily due to weakness in global gold prices and rising expectations of higher U.S. interest rates. Similarly, 18-carat scrap gold prices trended lower, posting a weekly drop of $49.18 per ounce.
A modest decline was recorded in 22-carat scrap gold prices, which dropped by $60.06 per ounce, primarily due to weaker international gold spot prices, easing safe-haven demand amid improving market sentiment, subdued demand from recycling channels, and cautious buying activity in the physical gold market.
Additionally, 9-carat scrap gold followed the broader market downtrend, registering a week-on-week decline of $24.59 per ounce, reflecting the weakness in underlying gold prices and subdued demand across the scrap market.
Across the broader precious metals segment, silver scrap prices also moved lower, declining by $0.65 per ounce week-on-week to close at $43.66 per ounce, compared with $44.31 per ounce in the previous week. The chart below illustrates the weekly price movement in hallmarked silver.
Platinum scrap prices posted a modest weekly gain, rising by $19.87 per ounce (↑0.72%) to close the week at a higher level than the previous week's closing price. The increase was primarily supported by firmer platinum spot prices and ongoing concerns over tight global supply.
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Non-Hallmarked Precious Metals Market
Gold scrap prices across key purity segments moved lower over the week, reflecting evolving market conditions. Fourteen-carat scrap gold dropped by $36.27 per ounce, while 18-carat and 22-carat grades posted moderate declines of $46.51 and $56.79 per ounce, respectively.
Lower-purity 9-carat scrap gold also mirrored the broader downtrend, registering a week-on-week decline of $23.25 per ounce, as illustrated in the accompanying chart.
Platinum scrap prices posted a solid performance on the ScrapMonster Price Index during the week, climbing $19.87 per ounce (↑1.68%) from the previous week's closing level of $1,180.34 per ounce.
Silver scrap prices remained under pressure during the week, declining by $0.64 per ounce (↓1.50%) from the previous week's closing level. The decline during the past week was mainly due to weaker international silver spot prices, a stronger U.S. dollar that weighed on precious metals, and subdued industrial and physical market demand, which together pressured scrap silver valuations.
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Frequently Asked Questions
- How did North American gold scrap prices perform during July 10-16, 2026?
Gold scrap prices declined across all major purity grades in both the hallmarked and non-hallmarked segments.
- Which precious metal scrap posted weekly gains?
Platinum scrap was the only major precious metal to register gains during the week, supported by stronger spot prices and supply concerns.
- Why did silver scrap prices decline?
Silver scrap prices fell due to weaker international silver prices, a stronger U.S. dollar, and subdued industrial and physical market demand.
