Precious Metal Scrap Prices: Weekly Market Report (July 3- 9, 2026)
Weekly Metal Price Report | 2026-07-10 08:13:33
A modest decline was observed in 22-carat scrap gold, which fell by $55.69 per ounce, mainly due to weaker international gold spot prices, increased profit-booking by investors, soft demand from recycling channels, and cautious buying sentiment in the physical market.
By Paul Ploumis
SEATTLE (Scrap Monster): North American gold and platinum scrap prices, covering both hallmarked and non-hallmarked segments, registered slight declines on the ScrapMonster Price Index during the week of July 3-9, 2026.
Additionally, silver prices—across both hallmarked and non-hallmarked categories—edged lower 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 $35.56 per ounce over the week, primarily due to heightened profit-booking activity and a decline in global gold spot prices. Similarly, 18-carat scrap gold prices trended lower, posting a weekly drop of $45.59 per ounce during the period.
A modest decline was observed in 22-carat scrap gold, which fell by $55.69 per ounce, mainly due to weaker international gold spot prices, increased profit-booking by investors, soft demand from recycling channels, and cautious buying sentiment in the physical market.
Additionally, lower-grade 9-carat scrap gold mirrored the overall downtrend, posting a week-on-week decline of $22.80 per ounce.
In the wider precious metals segment, silver scrap prices registered a modest decline, falling by $0.92 per ounce from the previous week’s closing level of $44.93 per ounce. The chart below illustrates the weekly price trend in hallmarked silver.
Platinum scrap recorded a modest decline of $24.13 per Oz (↓2.05%) to close the week at a lower rate upon comparison with the previous week, due to weaker global platinum spot prices and subdued industrial demand, particularly from the automotive sector.
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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 $33.63 per ounce, while 18-carat and 22-carat grades posted moderate declines of $43.12 and $52.66 per ounce, respectively.
Lower-purity 9-carat scrap gold also mirrored the broader downtrend, registering a week-on-week decline of $21.56 per ounce, as illustrated in the accompanying chart.
Platinum scrap prices delivered a generally weak performance on the ScrapMonster Price Index over the period. The values of the commodity witnessed a dip of $24.13 per ounce (↓2.05%) from the prior week’s level of $1,179.39 per ounce.
Silver scrap prices followed a downward trend, falling by $0.89 per ounce (↓2.06%) compared with the previous week. The dip in prices was mainly due to a combination of factors including a correction in global silver prices, a strengthening U.S. dollar, profit-booking by traders, a decline in COMEX and LBMA benchmarks, reduced physical demand, and high scrap availability.
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What was the primary driver behind the decline in North American precious metals scrap prices during July 3–9, 2026?
Frequently Asked Questions
- Why did gold scrap prices decline across both hallmarked and non-hallmarked categories?
Gold scrap prices fell due to weaker international gold spot prices, increased profit-booking by investors, softer demand from recycling channels, and cautious buying sentiment in the physical market.
- What factors contributed to the decline in silver scrap prices during the week?
Silver prices were pressured by a correction in global silver markets, a stronger U.S. dollar, trader profit-booking, lower COMEX and LBMA benchmark prices, weaker physical demand, and increased scrap availability.
- How did platinum scrap prices perform during July 3–9, 2026?
Platinum scrap prices in both hallmarked and non-hallmarked segments declined by $24.13 per ounce (2.05%), mainly due to weaker global platinum prices and subdued demand from the automotive industry.
