Global Precious Metals MMI®: US Platinum Price Ends Week With 7.2% Rise

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With a 7.2 percent increase over the past week, US platinum bar was the biggest mover on the weekly Global Precious Metals MMI®.

Chinese platinum bar rose 6.3 percent over the past week to CNY 356.00 ($56.36) per gram. One of the big movers this week was Japanese platinum bar, which shot up 5.9 percent to reach JPY 4,268 ($54.48) per gram.

Over the past week, Chinese palladium bar rose 5.7 percent to CNY 167.00 ($26.44) per gram. US palladium bar spiked up 4.5 percent. The price of Japanese palladium bar rose 2.6 percent over the past week to JPY 1,702 ($21.72) per gram. This was the third week in a row of increasing prices.

Following a 2.6 percent increase, US gold bullion finished the week at $1,770 per ounce. Chinese gold bullion gained a slight 1.8 percent this past week, finishing at CNY 360.88 ($57.13) per gram. Japanese gold bullion saw its price rise 1.3 percent over the past week to JPY 4,428 ($56.52) per gram. The price of Indian gold bullion fell 0.4 percent to INR 31,825 ($586.04) per 10 grams after rising 2.7 percent the week before.

US silver closed last week at $34.68 per ounce, after a 4 percent rise in price. The price of Chinese silver rose 2.5 percent this week, closing out the third week at CNY 7,240 ($1,146) per kilogram. At JPY 863.00 ($11.02) per 10 grams, the price of Japanese silver finished the week 2 percent higher. Closing at INR 62,102 ($1,144) per kilogram, Indian silver remained unchanged for the week.

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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