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US Scrap Gold prices climb in line with COMEX Gold

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NEW YORK (Scrap Register): United States scrap gold prices climbed on the Scrap Register Price Index as on Friday, tracking the up trend in gold futures prices at New York Mercantile Exchange, with the metal finding support in the wake of mass shootings at two mosques in New Zealand, as well as from a weaker tone for the U.S. 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 advanced on Friday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices climbed by 0.62 to 474.148 an ounce, 739.671 an ounce, 948.296 an ounce and 1158.186 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 448.485 an ounce, 699.637 ounce, 896.971 an ounce and 1095.501 an ounce respectively.

The most active April gold contract on the COMEX division of the New York Mercantile Exchange gained by $7.80 settled at $1,302.90 an ounce on Friday, with prices logging a weekly rise of 0.3%.

(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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