The biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 2.9 percent increase. This week marked the third in a row of rising prices for the metal.
The price of Japanese platinum bar finished the week 0.4 percent higher. The price of Chinese platinum bar rose 0.4 percent after falling 0.3 percent during the previous week. The price of US platinum bar rose 0.1 percent after falling 0.8 percent during the previous week.
After a 0.6 percent decline, Chinese gold bullion closed out the week. The price of Indian gold bullion declined 0.6 percent over the past week. Japanese gold bullion fell 0.5 percent over the past week. US gold bullion saw a 0.3 percent decline.
US silver prices were off slightly at $33.11 per ounce, down from $33.66 a week ago. After a 1.1 percent decline, Chinese silver closed out the week. Following a 0.6 percent increase in the week prior, the price of Japanese silver fell 0.9 percent last week. Indian silver fell 0.8 percent over the past 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.