United States scrap gold prices gained on the Scrap Register Price Index as on Tuesday, while gold futures prices at New York Mercantile Exchange settled lower as the U.S. dollar strengthened against most of its currency rivals.
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 Tuesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.11 percent to 444.8667 an ounce, 693.991 an ounce, 889.732 an ounce and 1086.660 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 420.788 an ounce, 656.430 ounce, 841.577 an ounce and 1027.846 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange rose by $4.10 to settle at $1,221.20 an ounce on Tuesday after tapping a high near $1,230.
(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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