Global Precious Metals MMI®: Asian Gold Prices Gain Over Week

by on

The price of Chinese gold bullion rose three percent to CNY 332.70 ($52.23) per gram after falling 0.9 percent during the previous week.

Indian gold bullion gained a slight three percent this past week, finishing at INR 29,890 ($537) per 10 grams. The price of Japanese gold bullion rose 1.3 percent to JPY 4,085 ($52) per gram after falling 1.1 percent during the previous week.

At $1,543 per ounce, the price of US gold bullion did not change since the previous week.

US silver fared better, but not so much for prices of Asian silver.

The price of Japanese silver fell 2.8 percent to JPY 707.00 ($9.05) per 10 grams after rising 0.7 percent the week before. In the past week, US silver saw its price shift up 0.8 percent to $28.68 per ounce. The price of Chinese silver dropped 0.5 percent this week, closing out the third consecutive week of falling prices at CNY 5,960 ($935) per kilogram. Following a 0.6 percent increase in the week prior, the price of Indian silver fell 0.2 percent last week to INR 53,842 ($968) per kilogram.

And What About PGM Market Prices?

Closing out the third week of declining prices, the price of Japanese platinum bar dropped by 2.4 percent, finishing at JPY 3,591 ($45) per gram. The price of Chinese platinum bar rose 0.9 percent to CNY 314.40 ($49.36) per gram after falling 1.9 percent during the previous week. The price of US platinum bar rose 0.6 percent to $1,443 per ounce after falling 1.8 percent during the previous week.

The price of Chinese palladium bar rose 2.4 percent to CNY 147.00 ($23.08) per gram after falling two percent during the previous week. The price of US palladium bar rose 1.7 percent to $612.00 per ounce after falling 1.8 percent during the previous week. At JPY 1,532 ($19) per gram, the price of Japanese palladium bar finished the week down 0.1 percent.

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.

Comments (2)

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.