US Palladium Bar Price Rises 4.4% for the Week; Platinum Falls

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US palladium bar saw the largest upwards shift on the precious metals MMI, rising 4.4 percent to settle at $661.00 per ounce. The price of Chinese palladium bar increased by a slight 2.2 percent over the past week to CNY 160.50 ($25.47) per gram. Japanese palladium bar prices ticked up one percent over the past week to JPY 1,729 ($21) per gram.

The price of Indian gold bullion rose one percent over the past week to INR 28,472 ($553) per 10 grams. This was the third week in a row of increasing prices. US gold bullion rose 0.3 percent over the past week to $1,643 per ounce. The price of Chinese gold bullion declined 0.3 percent over the past week, settling at CNY 336.30 ($53.36) per gram. Japanese gold bullion saw its price rise 0.2 percent over the past week to JPY 4,327 ($53) per gram.

The price of US silver rose 0.4 percent to $31.53 per ounce after falling one percent during the week prior. The price of Indian silver rose 0.4 percent to INR 55,867 ($1,085) per kilogram after falling 0.3 percent during the week prior. Chinese silver fell 0.2 percent over the past week to CNY 6,620 ($1,050) per kilogram. Japanese silver remained essentially flat from the previous week at JPY 820.00 ($10.16) per 10 grams.

Japanese platinum bar saw a 2.8 percent decline over the past week to JPY 4,139 ($51) per gram. Chinese platinum bar fell two percent over the past week to CNY 342.50 ($54.35) per gram. Closing out the third week of declining prices, the price of US platinum bar dropped by 0.6 percent, finishing at $1,581 per ounce.

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