Global Precious Metals MMI®: Japanese Platinum Price Up 7.1% On Week

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese platinum bar, which saw a 7.1 percent increase to JPY 3,772 ($47) per gram. This comes on the heels of a 0.7 percent decline the week prior.

The price of US platinum bar rose 6.8 percent to $1,483 per ounce after falling 0.7 percent during the previous week. The price of Chinese platinum bar rose two percent to CNY 312.50 ($49.13) per gram after falling 0.8 percent during the previous week.

The price of US palladium bar rose 5.2 percent to $605.00 per ounce after falling 0.2 percent during the previous week. Closing out the third week of rising prices, the price of Japanese palladium bar increased by 5.2 percent, landing at JPY 1,557 ($19) per gram. The price of Chinese palladium bar rose 0.7 percent this week, closing out the third week at CNY 142.00 ($22.32) per gram.

Closing at JPY 4,137 ($52) per gram for the week, Japanese gold bullion rose by a slight 1.4 percent. the price of Chinese gold bullion fell 0.2 percent to CNY 331.85 ($52.17) per gram after rising 0.8 percent the week before. Following a 0.8 percent increase in the week prior, the price of Indian gold bullion fell 0.2 percent last week to INR 29,941 ($538) per 10 grams. The price of US gold bullion increased by a slight 0.2 percent over the past week to $1,619 per ounce.

The price of Japanese silver rose 1.6 percent over the past week to JPY 716.00 ($9.01) per 10 grams. This was the third week in a row of increasing prices. the price of US silver rose 1.2 percent to $28.25 per ounce after falling 0.1 percent during the previous week. Finishing the fourth week of rising prices, the price of Indian silver increased by 0.4 percent, finishing at INR 53,455 ($961) per kilogram. The price of Chinese silver fell 0.2 percent to CNY 5,900 ($927) per kilogram after rising 0.9 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.