Global Precious Metals MMI®: Japanese Silver Finishes Week on Up 4%

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A 4 percent improvement on the weekly Global Precious Metals MMI® made Japanese silver the week’s biggest mover, closing at JPY 855.00 ($9.69) per 10 grams. The price of Indian silver rose 1.1 percent to INR 57,380 ($1,042) per kilogram after falling 0.5 percent during the previous week. US silver rose 0.5 percent over the past week to $30.18 per ounce. Following a 0.5 percent increase in the week prior, the price of Chinese silver fell 0.2 percent last week to CNY 6,110 ($980.49) per kilogram.

The price of Japanese gold bullion increased by a slight 2.5 percent over the past week to JPY 4,683 ($53.08) per gram. The price of Indian gold bullion rose 0.7 percent to INR 30,660 ($556.70) per 10 grams after falling 0.3 percent during the previous week. Closing at CNY 333.90 ($53.58) per gram for the week, Chinese gold bullion rose by a slight 0.3 percent. US gold bullion prices held steady from the previous week at $1,657 per ounce.

Japanese platinum bar prices climbed to JPY 4,401 ($49.89) per gram, up from JPY 4,265 ($49.61) a week ago. The price of Chinese platinum bar rose 2.3 percent to CNY 334.00 ($53.60) per gram after falling 1.2 percent during the previous week. US platinum bar remained essentially flat from the previous week at $1,549 per ounce.

The price of Japanese palladium bar increased 2.1 percent this week, closing out the fourth consecutive week of rising prices at JPY 1,951 ($22.12) per gram. The price of US palladium bar fell 1.7 percent to $683.00 per ounce after rising 2.7 percent the week before. Chinese palladium bar prices ticked up 1.2 percent over the past week to CNY 167.50 ($26.88) per gram.

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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