Global Precious Metals MMI®: Japanese Platinum Bar Finishes Week on Up 6.2%

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The week’s biggest mover on the weekly Global Precious Metals MMI®, Japanese platinum bar jumped 6.2 percent to close at JPY 4,675 ($52.21) per gram. With a 4.3 percent climb, Chinese platinum bar claimed the week’s largest gain, settling at CNY 348.50 ($56.05) per gram. Following a steady week, prices for US platinum bar closed flat at $1,549 per ounce.

The price of Japanese palladium bar rose 2.5 percent this week, closing out the third week at JPY 1,999 ($22.33) per gram. The price of US palladium bar rose 2.2 percent to $698.00 per ounce after falling 1.7 percent during the previous week. Closing at CNY 170.00 ($27.34) per gram for the week, Chinese palladium bar rose by a slight 1.5 percent.

The price of Japanese gold bullion rose 2.1 percent over the past week to JPY 4,782 ($53.41) per gram. This was the third week in a row of increasing prices. Following a 0.7 percent increase in the week prior, the price of Indian gold bullion fell 0.7 percent last week to INR 30,438 ($555.82) per 10 grams. US gold bullion saw its price rise 0.4 percent over the past week to $1,663 per ounce. Chinese gold bullion gained a slight 0.2 percent this past week, finishing at CNY 334.60 ($53.82) per gram.

Japanese silver rose 2.9 percent over the past week to JPY 880.00 ($9.83) per 10 grams. The price of Chinese silver rose 1.1 percent to CNY 6,180 ($994.02) per kilogram after falling 0.2 percent during the previous week. US silver prices ticked up 0.9 percent over the past week to $30.44 per ounce. The price of Indian silver fell 0.3 percent to INR 57,215 ($1,045) per kilogram after rising 1.1 percent the week before.

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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