By Vibin Antony
United States scrap gold prices dropped on the Scrap Register Price Index as on Wednesday, tracking the weakness in gold futures prices at New York Mercantile Exchange as strength in the U.S. dollar helped prices give up a portion of the gains from a day earlier that had lifted prices to a three-month high.
The major gold scrap commodities prices including 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap, 22ct hallmarked gold scrap, 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap on the Scrap Register Price Index fell on Wednesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices declined by 0.44 percent to 447.613 an ounce, 698.276 an ounce, 895.225 an ounce and 1093.368 an ounce respectively.
The 9ct non-hallmarked gold scrap, 14ct non-hallmarked gold scrap, 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices down to 423.386 an ounce, 660.482 ounce, 846.772 an ounce and 1034.191 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange dropped by $5.70 to settle at $1,231.10 an ounce on Wednesday. It climbed Tuesday by 1%, to close at $1,236.80 an ounce—the highest for a most-active contract since July 16.
(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 dropped on the Scrap Register Price Index as on Wednesday, tracking the weakness in gold futures prices at New York Mercantile Exchange as strength in the U.S. dollar helped prices give up a portion of the gains from a day earlier that had lifted prices to a three-month high.
The major gold scrap commodities prices including 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap, 22ct hallmarked gold scrap, 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap on the Scrap Register Price Index fell on Wednesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices declined by 0.44 percent to 447.613 an ounce, 698.276 an ounce, 895.225 an ounce and 1093.368 an ounce respectively.
The 9ct non-hallmarked gold scrap, 14ct non-hallmarked gold scrap, 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices down to 423.386 an ounce, 660.482 ounce, 846.772 an ounce and 1034.191 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange dropped by $5.70 to settle at $1,231.10 an ounce on Wednesday. It climbed Tuesday by 1%, to close at $1,236.80 an ounce—the highest for a most-active contract since July 16.
(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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