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US Scrap Gold prices advance in line with COMEX Gold

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NEW YORK (Scrap Register): United States scrap gold prices advanced on the Scrap Register Price Index as on Monday, in line with gold futures prices at New York Mercantile Exchange mainly on a bevy of major central bank gatherings in the coming week.

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 Monday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices climbed by 0.104 percent to 472.730 an ounce, 737.458 an ounce, 945.459 an ounce and 1154.721 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 447.144 an ounce, 697.544 ounce, 894.287 an ounce and 1092.223 an ounce respectivelly.

The most active August gold contract on the COMEX division of the New York Mercantile Exchange slightly down by 50 cents to $1,303.20 an ounce on Monday. The metal had managed a small weekly return of about 0.3% last week after challenging the closely watched $1,300 line.

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