US Scrap Gold prices gain tracking the uptrend in Gold futures

New York (Dec 28)  United States gold scrap prices gained on the Scrap Register Price Index as on Wednesday, tracking the uptrend in gold futures prices at New York Mercantile Exchange as a retreat in the dollar encouraged some investors to buy into the metal.

 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 climbed on Wednesday.

 The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices advanced by 0.895% to 465.382 an ounce, 725.996 an ounce, 930.764 an ounce and 1136.772 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 climbed to 440.194 an ounce, 686.702 an ounce, 880.387 an ounce and 1075.246 an ounce respectively.

 The most active February gold contract on the COMEX division of the New York Mercantile Exchange has gained by $3.90 to end at $1,291.40 an ounce on Wednesday, logging a fourth-straight day of gains while metals and commodities overall attracted bids.

ScrapRegister