Monthly Global Precious Metals MMI® Moves Up to 102

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The monthly Global Precious Metals MMI® registered a value of 102 in July, an increase of 1 percent from June’s 101 reading.

Source: MetalMiner IndX(SM)

After dropping the previous month, the price of Japanese platinum bar prices rose 1.6 percent to JPY 3,615 ($45) per gram. The price of US platinum bar rose 1.5 percent to $1,419 per ounce after falling the previous month.

After dropping the previous month, the price of Indian gold bullion prices rose 1.1 percent to INR 29,510 ($519) per 10 grams. The price of Japanese gold bullion rose 1.1 percent to JPY 4,009 ($50) per gram after falling the previous month.

A 5.5 percent decline for Chinese palladium bar left the price at CNY 138.00 ($21.70) per gram. At JPY 1,461 ($18) per gram, Japanese palladium bar was down 4.9 percent for the month. The price of US palladium bar fell 4.8 percent to $573.00 per ounce.

Chinese silver prices dropped by 4.2 percent this month to CNY 5,630 ($885) per kilogram. After falling 3.7 percent, Japanese silver finished the month at JPY 677.00 ($8.53) per 10 grams. The value of Indian silver weakened by 2.8 percent this month, settling at INR 52,256 ($919) per kilogram.

Last month, Chinese platinum bar prices dropped by 0.7 percent to CNY 304.00 ($47.81) per gram. At $27.56 per ounce, US silver was down 0.6 percent for the month. Chinese gold bullion prices decreased by 0.1 percent this month, ending at CNY 320.90 ($50.47) per gram.

The price of US gold bullion increased to $1,599 per ounce.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends over a 30-day period. 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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