Precious Metal Scrap Prices: Weekly Market Report (May 22-28, 2026)

SEATTLE (Scrap Monster): North American scrap prices for gold and platinum—across both hallmarked and non-hallmarked categories—recorded modest declines during the May 22-28, 2026 period on the ScrapMonster Price Index.

Also, hallmarked and non-hallmarked silver prices were down slightly upon comparison with the previous week’s prices.

Hallmarked Precious Metals Market

Hallmarked scrap gold prices delivered a weak weekly performance, with multiple purity grades posting modest declines on the ScrapMonster Price Index, driven by easing of demand across major recycling streams.

Fourteen-carat scrap gold prices declined by $44.74 per ounce over the week, largely driven by increased profit-taking by investors and a drop in international gold spot prices. Prices for 18-carat scrap gold also moved lower, registering a weekly decrease of $57.36 per ounce during the period.

A modest decline was observed in 22-carat scrap gold, which fell by $70.06 per ounce, mainly due to softer global gold prices, a stronger U.S. dollar, rising interest rates, profit-taking in bullion markets, higher scrap supply, and refining costs within the recycling chain.

In addition, lower-grade 9-carat scrap gold followed the downward trend, recording a week-on-week drop of $28.68 per ounce.

In the broader precious metals segment, silver scrap prices dropped modestly, recording a decline of $0.31 per ounce (↓0.55%) to settle at $56.01 per ounce. The chart below provides the weekly price movement in hallmarked silver scrap:

Platinum scrap recorded a modest decline of $4.37 per Oz (↓0.31%) to close the week at a lower rate over the previous week, reflecting changes in both the global platinum market and recycling-sector dynamics.

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Non-Hallmarked Precious Metals Market

Gold scrap prices across major purity segments trended lower during the week amid shifting market dynamics. Fourteen-carat scrap gold fell by $42.30 per ounce, while 18-carat and 22-carat grades recorded moderate declines of $54.24 and $66.24 per ounce, respectively.

Lower-purity 9-carat scrap gold also followed the downward trend, posting a week-on-week decline of $27.12 per ounce, as shown 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 $4.37 per ounce (↓0.31%) from the prior week’s level of $1,403.56 per ounce.

Silver scrap prices followed a downward trajectory, falling by $0.29 per ounce (↓0.54%) compared with the previous week. The dip in prices was mainly due to muted local demand, softer global silver prices, and increased scrap inflows.

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