Closing at JPY 3,498 ($44) per gram on the weekly Global Precious Metals MMI®, Japanese platinum bar finished as the week’s biggest mover with a 3.6 percent decline. Chinese platinum bar fell 1.8 percent over the past week to CNY 308.00 ($48.31) per gram. US platinum bar saw a 1.7 percent decline over the past week to $1,391 per ounce.
The price of Japanese palladium bar declined 2.2 percent over the past week, settling at JPY 1,444 ($18) per gram. After a 1.9 percent decline, US palladium bar closed out the week at $566.00 per ounce. Chinese palladium bar prices were off slightly at CNY 140.00 ($21.96) per gram, down from CNY 141.50 ($22.15) a week ago.
After a 1.4 percent decline, Japanese gold bullion closed out the week at JPY 3,956 ($50) per gram. The price of US gold bullion fell one percent to $1,576 per ounce after rising 0.2 percent the week before. Chinese gold bullion saw a 0.4 percent decline over the past week to CNY 325.01 ($50.98) per gram. The price of Indian gold bullion rose 0.3 percent to INR 29,297 ($529) per 10 grams after falling one percent during the previous week.
Japanese silver fell 0.9 percent over the past week to JPY 683.00 ($8.69) per 10 grams. The price of US silver declined 0.8 percent over the past week, settling at $27.06 per ounce. The price of Indian silver rose 0.3 percent to INR 51,749 ($934) per kilogram after falling 1.6 percent during the previous week. Prices for Chinese silver remained constant, closing the week at CNY 5,760 ($903) per kilogram.
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.