Precious Metal Scrap Prices: Weekly Market Report (June 26- July 2, 2026)

SEATTLE (Scrap Monster): North American precious metals scrap prices—covering gold and silver, in both hallmarked and non-hallmarked categories—registered modest uptrend on the ScrapMonster Price Index during the week of June 26- July 2, 2026. In contrast, platinum scrap prices edged lower during the week.

Hallmarked Precious Metals Market

Hallmarked scrap gold prices recorded a slight week-on-week jump.

Hallmarked scrap gold prices edged slightly higher over the past week, tracking the broader recovery in international gold prices.

The uptick was primarily supported by a weaker U.S. dollar, which made gold more attractive to holders of other currencies, along with renewed safe-haven demand amid persistent geopolitical tensions and uncertainty over global trade policies.

Expectations that major central banks, particularly the U.S. Federal Reserve, could move toward interest rate cuts later this year also improved sentiment for non-yielding assets such as gold.

In addition, continued central bank gold purchases and bargain buying after recent price corrections helped underpin international bullion prices, which in turn lifted domestic hallmarked scrap gold prices.

These market trends were clearly mirrored in the ScrapMonster Price Index, which recorded widespread gains across multiple purity grades during the previous week.

Fourteen-carat scrap gold values edged higher by $49.48 per ounce, tracking the broader upward momentum in global bullion markets. Similarly, eighteen-carat scrap gold prices increased by $63.43 per ounce over the same period.

On a week-over-week basis, 22-carat scrap gold prices jumped by $77.47 per pound, driven by a mix of global and domestic factors.

The chart below highlights the weekly price movement of 22-carat hallmarked scrap gold.

Lower-purity segments also mirrored the overall upward trend, with 9-carat scrap gold increasing by approximately 2.19% compared to the previous week.

In the broader precious metals scrap market, silver recorded a slight 1.53% gain from the previous week’s level of $43.22 per ounce.

In contrast, hallmarked platinum scrap prices were down by 2.40% week-on-week, driven by decline in international platinum prices, mainly on account of weaker demand expectations from the automotive sector.

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Non-Hallmarked Precious Metals Market

Scrap gold values strengthened across all major purity grades over the week, mirroring the upward momentum in the global bullion market. Fourteen-carat scrap prices increased by $46.79 per ounce, while eighteen-carat and twenty-two-carat grades recorded gains of $59.98 and $73.26 per ounce, respectively. Meanwhile, 9-carat scrap also posted a modest week-on-week rise of 2.19%, underscoring a generally firm trend across segments.

Platinum scrap prices recorded a moderate weekly decline, falling 2.40% to settle at $1,144.28 per ounce, according to the chart below.

Silver scrap prices posted a slight week-on-week increase of 1.54%, supported by higher global silver prices, strong industrial and investment demand, and a weaker U.S. dollar supporting precious metals..

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