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Platinum Scrap Jumps 4.72% as Gold Falls 1.17% in Weekly Market
North American precious-metals scrap prices diverged during the week of September 4–10, 2026. Platinum scrap led the market with a 4.72% gain, silver advanced 0.93%, while all tracked gold scrap grades declined 1.17% on the ScrapMonster Price Index.
By Paul Ploumis
Published September 11, 2026
Key Points
- Platinum led the weekly market: Platinum scrap rose 4.72%, the strongest percentage gain among the tracked precious metals.
- Silver moved higher: Silver scrap advanced 0.93% week over week.
- Gold weakened across all tracked grades: 9ct, 14ct, 18ct and 22ct gold scrap each declined 1.17%.
- Non-hallmarked platinum gained $62.23 per ounce, while non-hallmarked silver rose $0.44 per ounce.
- Gold losses were broad-based: Non-hallmarked 9ct gold fell $17.88 per ounce, 14ct dropped $27.90, 18ct declined $35.76 and 22ct lost $43.60.
MONTREAL (Scrap Monster): North American precious-metals scrap prices posted a sharply divergent weekly performance on the ScrapMonster Price Index during the week ended September 10, 2026, with platinum and silver strengthening while gold scrap values declined across all tracked purity grades.
Hallmarked Precious Metals Market
Hallmarked platinum scrap recorded the strongest weekly gain, rising 4.72% from the previous week’s price of $1,317.09 per ounce.
The advance was partly attributed to renewed supply concerns in South Africa, while expectations for industrial demand also provided support.
The chart below shows the weekly movement in hallmarked platinum scrap prices:
Hallmarked silver scrap also moved higher, gaining 0.93% during the week.
Gold moved in the opposite direction. All tracked hallmarked gold categories — 9ct, 14ct, 18ct and 22ct — declined by 1.17%, indicating a broad-based pullback in gold-related scrap values.
Interest-Rate Expectations Pressure Gold
The contrasting performance across precious metals reflected shifting expectations around U.S. monetary policy and interest rates.
Stronger U.S. employment data early in the week lifted Treasury yields and increased expectations that the Federal Reserve could raise rates at its September 15–16 meeting, creating a headwind for non-yielding gold.
Later inflation-related data kept markets uncertain, with traders focused on the latest U.S. producer and consumer inflation readings.
Geopolitical tensions and elevated crude-oil prices provided an important counterweight, adding another layer of volatility to the precious-metals complex.
Reuters reported during the week that gold fell more than 1% on September 10 as stronger U.S. inflation data pushed market expectations toward a Federal Reserve rate increase, while Treasury yields and the U.S. dollar also strengthened. The same session saw sharp moves in silver and platinum, underscoring the high day-to-day volatility behind the weekly scrap-price changes.
Precious-Metals Outlook
Going forward, precious-metals scrap prices are likely to remain sensitive to U.S. inflation data, Federal Reserve policy signals, Treasury yields, the U.S. dollar, crude-oil prices and developments in the Middle East.
Gold could remain vulnerable if expectations for higher U.S. interest rates continue to build.
Platinum and silver, meanwhile, could retain relative strength if industrial-demand expectations and supply-side concerns continue to support their respective markets.
Track Hallmarked Precious Metals Scrap Prices
Non-Hallmarked Precious Metals Market
Non-hallmarked precious-metals scrap prices also posted a mixed weekly performance, with platinum and silver advancing while gold declined across every tracked purity grade.
Platinum scrap again delivered the strongest performance, climbing $62.23 per ounce, or 4.72%.
The significantly stronger weekly gain reflected firmer supply-demand fundamentals and renewed investor interest in the metal.
Silver scrap also moved higher, gaining $0.44 per ounce, or 0.93% week over week.
Silver continued to benefit from its dual role as both a monetary metal and an industrial commodity.
The chart below shows the weekly movement in non-hallmarked silver scrap prices:
Gold Scrap Declines Across Every Purity Grade
Non-hallmarked gold scrap weakened consistently across all tracked purity grades.
9ct gold scrap fell $17.88 per ounce, while 14ct gold declined $27.90 per ounce.
The higher-purity grades recorded larger absolute dollar declines, with 18ct gold down $35.76 per ounce and 22ct gold down $43.60 per ounce.
Despite the different dollar losses, all four non-hallmarked gold categories registered the same 1.17% weekly decline, confirming that the correction was broad-based rather than isolated to a single purity grade.
