Global Precious Metals MMI®: Downturn for Japanese Palladium Bar

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A 4.6 percent decline in Japanese palladium bar made it the biggest mover of the week, closing at JPY 1,670 ($20) per gram on the Global Precious Metals MMI®. Following a 0.6 percent increase in the week prior, the price of Chinese palladium bar fell 4.3 percent last week to CNY 156.00 ($24.74) per gram. The price of US palladium bar fell 2.8 percent to $649.00 per ounce after rising 0.5 percent the week before.

Closing out the third week of declining prices, the price of Japanese platinum bar dropped by 3.8 percent, finishing at JPY 3,889 ($48) per gram. The price of Chinese platinum bar fell 2.8 percent to CNY 328.50 ($52.09) per gram after rising 1.2 percent the week before. Following a 0.5 percent increase in the week prior, the price of US platinum bar fell 2.3 percent last week to $1,523 per ounce.

Japanese gold bullion saw a 1.8 percent decline over the past week to JPY 4,210 ($52) per gram. The price of Chinese gold bullion fell 1.1 percent to CNY 333.37 ($52.86) per gram after rising 0.7 percent the week before. Following a 0.8 percent increase in the week prior, the price of US gold bullion fell 0.9 percent last week to $1,637 per ounce. The price of Indian gold bullion fell 0.7 percent to INR 29,035 ($542) per 10 grams after rising 1.4 percent the week before.

The price of Japanese silver decreased to JPY 767.00 ($9.56) per 10 grams, a 3.3 percent decrease from the previous week. The price of US silver fell 1.9 percent over the past week to $29.95 per ounce. This was the third week in a row of declining prices. Following a 0.4 percent increase in the week prior, the price of Chinese silver fell 1.8 percent last week to CNY 6,375 ($1,010) per kilogram. The price of Indian silver rose 0.3 percent to INR 55,529 ($1,038) per kilogram after falling 0.4 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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