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Magnet Scrap Rate Today

14 July 2026 — National average across 18 cities

NATIONAL AVERAGE ₹828.78/kg

Magnet Scrap Rate by City

City Avg Rate
Gurugram ₹975.00/kg View Gurugram →
New Delhi ₹975.00/kg View New Delhi →
Mumbai ₹902.00/kg View Mumbai →
Ahmedabad ₹804.40/kg View Ahmedabad →
Bengaluru Urban ₹804.40/kg View Bengaluru Urban →
Bhopal ₹804.40/kg View Bhopal →
Chandigarh ₹804.40/kg View Chandigarh →
Chennai ₹804.40/kg View Chennai →
Coimbatore ₹804.40/kg View Coimbatore →
Hyderabad ₹804.40/kg View Hyderabad →
Indore ₹804.40/kg View Indore →
Jaipur ₹804.40/kg View Jaipur →
Kolkata ₹804.40/kg View Kolkata →
Lucknow ₹804.40/kg View Lucknow →
Nagpur ₹804.40/kg View Nagpur →
Pune ₹804.40/kg View Pune →
Surat ₹804.40/kg View Surat →
Vadodara ₹804.40/kg View Vadodara →
Cochin — View Cochin →
Jammu — View Jammu →
Jamnagar — View Jamnagar →
Kanpur — View Kanpur →
Ludhiana — View Ludhiana →
Mandi Gobindgarh — View Mandi Gobindgarh →

Prices in ₹ /kg · Updated 14 July 2026

About Magnet Scrap

Grades & Types

Ferrite, Neodymium

Common Sources

Speakers, motors, hard drives, appliances

Selling Tips

Neodymium (rare-earth) magnets fetch premium rates over common ferrite magnets.

Frequently Asked Questions — Magnet Scrap

As of 14 July 2026, the national average Magnet scrap rate is ₹828.78/kg, tracked across 18 cities and 90 grades. Rates range from ₹12 to ₹1550 depending on grade and location.
Gurugram currently shows the highest average Magnet rate at ₹975.00/kg. City-wise rates are listed above and updated daily.
Ferrite, Neodymium. Neodymium (rare-earth) magnets fetch premium rates over common ferrite magnets.
Magnet scrap rates on Scrapprice are refreshed every business day from verified market data, so you always see the latest daily price.

Other Scrap Materials

♻️ AC Jali ♻️ AC Split ♻️ AC Window 🪶 Aluminium 🔔 Brass ♻️ Compressor 🔶 Copper 💻 E-waste ♻️ Fridge (Double Door) ♻️ Fridge (Single Door) ♻️ HDPE Plastic 🔩 Iron ♻️ LDPE Plastic 🧱 Lead 🔋 Li-ion Battery ♻️ Mixed Plastic ⚪ Nickel 📄 Paper ♻️ PCB ♻️ PET Plastic ♻️ PP Plastic ♻️ PVC Plastic ♻️ Raffia / Jumbo Bag 🥈 Silver 🥫 Tin ♻️ Washing Machine 🔌 Wire 🪙 Zinc

Disclaimer: Magnet scrap rates shown are indicative benchmark averages for informational purposes only. Actual prices vary by grade, quantity, and dealer. Compare multiple quotes before selling.