A 4 percent improvement on the weekly Global Precious Metals MMI® made Japanese silver the week’s biggest mover.
The price of Indian silver rose 1.1 percent 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.
The price of Japanese gold bullion increased by 2.5 percent over the past week. The price of Indian gold bullion rose 0.7 percent after falling 0.3 percent during the previous week. Chinese gold bullion rose by a slight 0.3 percent. US gold bullion prices held steady from the previous week.
Japanese platinum bar prices climbed to JPY 4,401, up from JPY 4,265 a week ago. The price of Chinese platinum bar rose 2.3 percent after falling 1.2 percent during the previous week. US platinum bar remained essentially flat from the previous week.
The price of Japanese palladium bar increased 2.1 percent this week, closing out the fourth consecutive week of rising prices. The price of US palladium bar fell 1.7 percent after rising 2.7 percent the week before. Chinese palladium bar prices ticked up 1.2 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.