Japanese Palladium Bar Falls 4.8% on Weekly Precious Metals Price Index

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 4.8 percent decline to JPY 1,585 ($20.23) per gram. This comes on the heels of a 6.9 percent increase the week before.

Following an 11.3 percent increase in the week prior, the price of Chinese palladium bar fell 3.8 percent last week to CNY 152.00 ($23.96) per gram. The price of US palladium bar fell 2.9 percent to $628.00 per ounce after rising 6.9 percent the week before.

Following a 4.6 percent increase in the week prior, the price of Chinese platinum bar fell 1.5 percent last week to CNY 322.00 ($50.76) per gram. Finishing the fourth week of rising prices, the price of US platinum bar increased by 0.4 percent, finishing at $1,545 per ounce. The price of Japanese platinum bar fell 0.2 percent to JPY 3,906 ($49.85) per gram after rising 3.7 percent the week before.

US gold bullion prices ticked up 1.7 percent over the past week to $1,693 per ounce. Chinese gold bullion rose 0.7 percent over the past week to CNY 345.29 ($54.44) per gram. The price of Indian gold bullion increased 0.6 percent this week, closing out the fourth consecutive week of rising prices at INR 31,115 ($560.28) per 10 grams. Japanese gold bullion saw its price rise 0.4 percent over the past week to JPY 4,256 ($54.32) per gram.

The price of US silver rose 4.5 percent over the past week to $32.10 per ounce. This was the fourth week in a row of increasing prices. The price of Indian silver rose 2.4 percent over the past week to INR 58,975 ($1,062) per kilogram. This was the fifth week in a row of increasing prices. Chinese silver gained a slight 2.2 percent this past week, finishing at CNY 6,615 ($1,043) per kilogram. Following a 1.1 percent increase, Japanese silver finished the week at JPY 794.00 ($10.13) per 10 grams.

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.

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