Precious Metal Scrap Prices: Weekly Market Report (October 9-15, 2026)
Weekly Metal Price Report | 2026-10-16 07:52:41
Hallmarked fourteen-carat scrap gold fell slightly by $3.47 per ounce, while 18-carat material registered a similar weekly loss of $4.45 per ounce. Also, twenty-two-carat scrap gold declined by $5.43 per ounce on the Index.
By Paul Ploumis
SEATTLE (Scrap Monster): According to the ScrapMonster Price Index, North American scrap gold and silver prices—across both hallmarked and non-hallmarked grades—declined slightly during the October 9–15, 2026 period.
Platinum scrap prices experienced modest gains in both hallmarked and non-hallmarked categories, rebounding from the previous week's sluggish market.
Hallmarked Precious Metals Market
Hallmarked gold scrap prices declined across key purity grades over October 9-15, 2026, according to the ScrapMonster Price Index, extending the weak trend recorded during the previous week.
The continued decline in hallmarked gold scrap prices over the past week was primarily driven by rising US 10-year Treasury bond yields, which reduced the appeal of non-yielding assets like gold; a stronger US dollar, which made gold more expensive for foreign buyers; and widespread profit-taking by speculative investors following earlier record-high market runs.
Fourteen-carat scrap gold fell slightly by $3.47 per ounce, while 18-carat material registered a similar weekly loss of $4.45 per ounce. Also, twenty-two-carat scrap gold declined by $5.43 per ounce on the Index.
Meanwhile, 9-carat scrap gold also trended lower, shedding $2.23 per ounce over the week.
Within the broader precious metals segment, hallmarked silver scrap prices edged lower by $1.20 per ounce, or ↓2.65%, to close at $44.06 per ounce during the October9-15, 2026 period.
The chart below illustrates the weekly price trajectory for hallmarked silver scrap.
Platinum scrap recorded a slight rebound, rising by $9.48 per Oz (↑0.80%) to close the week at a higher rate over the previous week. investors and refiners viewed the lowered price levels as a buying opportunity, thus driving fresh demand. Profit-taking in record-high markets prompted capital to temporarily shift into relatively undervalued precious metals like platinum. Ongoing production disruptions and operational bottlenecks in major mining regions continued to limit primary supply, lending underlying support to recycled metal prices.
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Non-Hallmarked Precious Metals Market
Gold scrap prices weakened across the major purity grades over the week, reflecting the broader softness in precious metals markets.
Fourteen-carat scrap gold registered a weekly loss of $3.28 per ounce, while 18-carat and 22-carat grades declined by $4.20 and $5.14 per ounce, respectively.
Nine-carat scrap gold also moved lower, shedding $2.10 per ounce week over week, as depicted in the chart provided below:
Platinum scrap prices delivered a slight rebound on the ScrapMonster Price Index over the period. The values of the commodity witnessed an increase of $9.48 per ounce ((↑0.80%) from the prior week’s level of $1,182.85 per ounce.
Silver scrap prices followed a downward trajectory, falling by $1.16 per ounce (↓2.67%) compared with the previous week. The dip in prices was mainly due to rising real US Treasury yields, firming US dollar strength, and sluggish industrial activity, particularly across the solar and electronics sectors.
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Which precious metal recorded a price recovery in the North American scrap market during October 9–15, 2026?
Frequently Asked Questions
- How did North American precious metals scrap prices perform during October 9–15, 2026?
North American scrap gold and silver prices declined across hallmarked and non-hallmarked grades during the week, according to the ScrapMonster Price Index. Platinum scrap prices, however, recovered modestly, supported by renewed buying interest and supply-side constraints.
- What factors contributed to the decline in gold scrap prices?
Rising US 10-year Treasury yields reduced the relative appeal of non-yielding assets such as gold, while a stronger US dollar made dollar-denominated gold more expensive for international buyers. Profit-taking by speculative investors following earlier record-high prices also contributed to the downward pressure.
- How much did silver scrap prices decline during the reporting period?
Hallmarked silver scrap prices dropped by $1.20 per ounce, or 2.65%, to $44.06 per ounce. Non-hallmarked silver scrap prices fell by $1.16 per ounce, or 2.67%, as rising real Treasury yields, dollar strength and weaker industrial activity weighed on prices.
