Precious Metals Round Up: Chinese Palladium Bar Rises 5.1% for the Week

by MetalMiner IndX Reports on October 22, 2013

Style:    Category: MetalMiner IndX, Precious Metals

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese palladium bar, which saw a 5.1 percent increase. This comes on the heels of a 1.9 percent decline the week prior. US palladium bar prices climbed. Japanese palladium bar climbed 3.3 percent increase.

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The price of US platinum bar rose 5.0 percent to $1,435 per ounce after falling 1.4 percent during the previous week. The price of Chinese platinum bar rose 4.5 percent to CNY 302.00 ($49.48) per gram after falling 3.0 percent during the previous week. Over the past week, Japanese platinum bar rose 3.5 percent to JPY 4,561 ($46.57) per gram.

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The price of US gold bullion rose 3.5 percent after falling 2.9 percent during the previous week. The price of Indian gold bullion rose 2.6 percent after falling 2.8 percent during the previous week. The price of Chinese gold bullion rose 2.3 percent after falling 4.2 percent during the previous week. The price of Japanese gold bullion rose 1.7 percent after falling 0.5 percent during the previous week.

The price of Chinese silver rose 2.9 percent after falling 1.9 percent during the previous week. The price of US silver rose 2.9 percent after falling 1.8 percent during the previous week. Indian silver gained a slight 2.0 percent this past week. Prices for Japanese silver remained constant.

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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