By Vibin Antony
United States scrap gold prices are advanced on Monday in line with COMEX gold prices.
Prices for scrap gold advanced on Scrap Register Price Index as on Monday. Furthermore, increased demand at domestic spot markets also influenced scrap prices.
The most active February gold contract on the COMEX division of the New York Mercantile Exchange closed last Friday at $1,276.90 an ounce, up $53.90 or 4.41% since Monday.
Safe-haven demand helped gold prices end last week at its highest level since early September and the ongoing volatility should continue to support gold this week.
As per Scrap Register Price Index, the prices of 9ct Gold Scrap hallmarked advanced to $464.691 an ounce and 14ct Gold Scrap hallmarked traded at 724.917 an ounce on Monday.
The prices of 9ct Gold Scrap non-hallmarked advanced to $439.54 an ounce and 14ct Gold Scrap non-hallmarked traded at 685.682 an ounce.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
United States scrap gold prices are advanced on Monday in line with COMEX gold prices.
Prices for scrap gold advanced on Scrap Register Price Index as on Monday. Furthermore, increased demand at domestic spot markets also influenced scrap prices.
The most active February gold contract on the COMEX division of the New York Mercantile Exchange closed last Friday at $1,276.90 an ounce, up $53.90 or 4.41% since Monday.
Safe-haven demand helped gold prices end last week at its highest level since early September and the ongoing volatility should continue to support gold this week.
As per Scrap Register Price Index, the prices of 9ct Gold Scrap hallmarked advanced to $464.691 an ounce and 14ct Gold Scrap hallmarked traded at 724.917 an ounce on Monday.
The prices of 9ct Gold Scrap non-hallmarked advanced to $439.54 an ounce and 14ct Gold Scrap non-hallmarked traded at 685.682 an ounce.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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