Global Precious Metals Index Sees Down Silver, Platinum Prices

by MetalMiner IndX Reports on October 23, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Precious Metals

US silver dropped, making it the biggest mover on the weekly Global Precious Metals MMI® after drifting 4.2 percent.

The price of Chinese silver declined 2.6 percent over the past week. Japanese silver saw a 1.8 percent decline. For the third week in a row, the price of Indian silver dropped, falling 1.5 percent.

US gold bullion fell 1.9 percent over the past week. Chinese gold bullion closed out the week after a 1.3 percent decline. The price of Japanese gold bullion rose 0.3 percent after falling 2.6 percent during the previous week. Indian gold bullion remained unchanged for the week.

US platinum bar prices were off slightly, down $35 per ounce from a week ago. Chinese platinum bar saw a 1.4 percent decline over the past week. The price of Japanese platinum bar rose 0.5 percent after falling 4.4 percent during the previous week.

US palladium bar prices closed out the week with a 1.1 percent decline. The price of Japanese palladium bar rose 0.9 percent after falling 3.7 percent during the previous week. The price of Chinese palladium bar rose 0.6 percent after falling 1.9 percent during the previous week.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends. For more information on the Global Precious Metals MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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