Precious Metal Scrap Prices: Weekly Market Report (May 29- June 4, 2026)
Weekly Metal Price Report | 2026-06-05 05:38:16
Scrap gold values strengthened across all major purity grades over the week, mirroring the upward momentum in the global bullion market.
By Paul Ploumis
SEATTLE (Scrap Monster): North American precious metals scrap prices—covering gold, silver, and platinum in both hallmarked and non-hallmarked categories—registered modest uptrend on the ScrapMonster Price Index during the week of May 29 to June 4, 2026.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices recorded a slight week-on-week jump.
The increase in global hallmarked precious metals volumes during the previous week may have been driven by rising investor and consumer demand amid ongoing economic uncertainty and heightened interest in safe-haven assets. Strong jewelry and bullion purchases ahead of seasonal festivals, weddings, and gift-giving occasions in key markets also contributed to the rise.
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 $14.19 per ounce, tracking the broader upward momentum in global bullion markets. Similarly, eighteen-carat scrap gold prices increased by $18.20 per ounce over the same period.
On a week-over-week basis, 22-carat scrap gold prices jumped by $22.24 per pound, driven by a mix of global and domestic factors.
The chart below highlights the weekly price movement of 22-carat hallmarked gold.
Lower-purity segments also mirrored the overall upward trend, with 9-carat scrap gold increasing by approximately 0.57% compared to the previous week.
In the broader precious metals scrap market, silver recorded a modestly higher gain of 1.82% to reach $56.01 per ounce, while platinum advanced by 0.37% week-on-week, indicating a slight recovery from the previous week.
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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 $13.43 per ounce, while eighteen-carat and twenty-two-carat grades recorded gains of $17.21 and $21.02 per ounce, respectively. Meanwhile, 9-carat scrap also posted a modest week-on-week rise of 0.57%, in line with the generally firm trend across segments.
Platinum scrap prices recorded a moderate weekly increase, climbing 0.37% to settle at a price of $1,393.35 per ounce, according to the chart below.
Silver scrap prices posted a week-on-week increase of 1.82%, supported by higher international silver prices, strong industrial demand from the solar and electronics sectors, and tighter scrap availability as holders delayed sales in anticipation of further price gains.
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POLL
Which precious metal scrap segment delivered the strongest weekly performance during May 29–June 4, 2026?
Frequently Asked Questions
- How did North American precious metals scrap prices perform during May 29–June 4, 2026?
Precious metals scrap prices trended higher across both hallmarked and non-hallmarked categories, with gold, silver, and platinum all recording week-on-week gains.
- What drove the increase in hallmarked precious metals scrap prices?
Rising safe-haven demand amid economic uncertainty, stronger jewelry and bullion purchases, and seasonal buying activity in key markets supported higher precious metals prices.
- Which precious metal recorded the strongest weekly gain?
Silver posted the largest increase, climbing 1.82% week-on-week to $56.01 per ounce.
