United States scrap gold prices advanced on the Scrap Register Price Index as on Wednesday, while gold futures prices at New York Mercantile Exchange at their highest in two weeks and gaining week-to-date, on the back of some weakness in the dollar.
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 gained on Wednesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.26 percent to 445.994 an ounce, 695.750 an ounce, 891.988 an ounce and 1089.414 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 advanced to 421.855 an ounce, 658.094 ounce, 843.710 an ounce and 1030.451 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange advanced by $6.80 to settle at $1,228 an ounce on Wednesday, trading roughly 0.4% higher week-to-date. It settled at the highest for a most-active contract since November 07.
(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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