Chinese palladium bar saw the largest upwards shift on the weekly Global Precious Metals MMI®, rising 11.3 percent to settle at CNY 158.00 ($24.85) per gram. The price of US palladium bar rose 6.9 percent this week, closing out the third week at $647.00 per ounce. A 6.9 percent jump caught the week’s heaviest change for Japanese palladium bar.
At CNY 327.00 ($51.43) per gram, the price of Chinese platinum bar finished the week 4.6 percent higher. Closing out the third week of rising prices, the price of US platinum bar increased by 3.8 percent, landing at $1,539 per ounce. The price of Japanese platinum bar rose 3.7 percent over the past week to JPY 3,912 ($49.67) per gram. This was the third week in a row of increasing prices.
The price of Chinese gold bullion rose 3.4 percent to CNY 343.02 ($53.95) per gram after falling 0.2 percent during the previous week. The price of Indian gold bullion rose 3.3 percent to INR 30,922 ($555.30) per 10 grams after falling 0.2 percent during the previous week. Closing out the third week of rising prices, the price of US gold bullion increased by 2.7 percent, landing at $1,664 per ounce. At JPY 4,237 ($53.80) per gram, the price of Japanese gold bullion finished the week 2.4 percent higher.
The price of Chinese silver rose 9.7 percent to CNY 6,475 ($1,018) per kilogram after falling 0.2 percent during the previous week. The price of Japanese silver rose 9.6 percent this week, closing out the third week at JPY 785.00 ($9.97) per 10 grams. The price of US silver rose 8.7 percent over the past week to $30.72 per ounce. This was the third week in a row of increasing prices. At INR 57,575 ($1,034) per kilogram, the price of Indian silver finished the week 7.7 percent higher.
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.