The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese platinum bar, which saw a 3.2 percent increase to CNY 324.00 ($50.90) per gram. This comes on the heels of a 0.2 percent decline the week prior.
The price of Japanese platinum bar rose 0.5 percent to JPY 3,700 ($46) per gram after falling 0.7 percent during the previous week. Following a steady week, prices for US platinum bar closed flat at $1,441 per ounce.
The price of Chinese palladium bar rose 2.8 percent to CNY 145.50 ($22.86) per gram after falling 3.7 percent during the previous week. Closing out the third week of declining prices, the price of Japanese palladium bar dropped by 1.3 percent, finishing at JPY 1,489 ($18) per gram. The price of US palladium bar rose one percent to $583.00 per ounce after falling 4.6 percent during the previous week.
US gold bullion prices ticked up 2.9 percent over the past week to $1,588 per ounce. Chinese gold bullion rose 1.7 percent over the past week to CNY 331.20 ($52.03) per gram. The price of Japanese gold bullion fell 0.4 percent to JPY 4,060 ($50) per gram after rising 0.8 percent the week before. Indian gold bullion remained essentially flat from the previous week at INR 29,521 ($531) per 10 grams.
Chinese silver gained a slight 2.8 percent this past week, finishing at CNY 5,930 ($931) per kilogram. Following a two percent increase in the week prior, the price of Japanese silver fell 0.7 percent last week to JPY 694.00 ($8.69) per 10 grams. The price of Indian silver rose 0.5 percent to INR 52,421 ($944) per kilogram after falling 0.7 percent during the previous week. The price of US silver fell 0.2 percent to $27.44 per ounce after rising 2.3 percent the week before.
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.