US Platinum Bar Price Falls for Third Straight Week, Gold Price Down

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The price of Chinese palladium bar rose 5.2 percent to CNY 163.00 ($25.86) per gram after falling 1.3 percent during the week prior, making it the week’s biggest mover on the precious metals markets. The price of Japanese palladium bar rose five percent to JPY 1,755 ($21) per gram after falling 2.2 percent during the week prior. The price of US palladium bar increased by 2.8 percent over the past week to $664.00 per ounce.

This past week, Japanese platinum bar increased 1.5 percent. Closing out the third week of declining prices, the price of US platinum bar dropped by 1.3 percent, finishing at $1,551 per ounce. The price of Chinese platinum bar rose 0.4 percent to CNY 340.00 ($53.94) per gram after falling 2.3 percent during the week prior.

Following a 0.5 percent increase during the week prior, the price of US gold bullion fell 1.5 percent last week to $1,627 per ounce. The price of Japanese gold bullion rose 0.8 percent to JPY 4,301 ($52) per gram after falling one percent during the week before. In the past week, Indian gold bullion saw its price drift up 0.8 percent to INR 28,642 ($549) per 10 grams. The price of Chinese gold bullion fell 0.5 percent to CNY 334.70 ($53.10) per gram after rising 0.6 percent during the week prior.

The price of US silver fell 3.1 percent over the past week to $30.56 per ounce. This was the third week in a row of declining prices. The price of Indian silver rose 1.1 percent to INR 56,175 ($1,078) per kilogram after falling 0.5 percent during the week prior. The price of Japanese silver rose 0.4 percent to JPY 809.00 ($9.90) per 10 grams after falling 3.8 percent during the week prior. The price of Chinese silver rose 0.3 percent to CNY 6,605 ($1,047) per kilogram after falling 0.5 percent during the week prior.

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