With a 5.0 percent increase over the past week, Japanese platinum bar was the biggest mover on the weekly Global Precious Metals MMI®. Chinese platinum bar saw its price rise 2.2 percent over the past week to CNY 356.00 ($57.28) per gram. US platinum bar traded sideways last week, hovering around $1,549 per ounce.
Japanese palladium bar prices climbed to JPY 2,099 ($23.27) per gram, up from JPY 1,999 ($22.33) a week ago. The price of Chinese palladium bar rose 3.5 percent over the past week to CNY 176.00 ($28.32) per gram. This was the third week in a row of increasing prices. Closing out the third week of rising prices, the price of US palladium bar increased by 3.0 percent, landing at $719.00 per ounce.
Japanese gold bullion prices ticked up 2.4 percent over the past week to JPY 4,899 ($54.31) per gram. Chinese gold bullion gained a slight 1.4 percent this past week, finishing at CNY 339.24 ($54.58) per gram. At $1,685 per ounce, the price of US gold bullion finished the week 1.3 percent higher. The price of Indian gold bullion rose 0.1 percent to INR 30,479 ($567.10) per 10 grams after falling 0.7 percent during the previous week.
The price of US silver rose 4.8 percent this week, closing out the third week at $31.89 per ounce. At CNY 6,470 ($1,041) per kilogram, the price of Chinese silver finished the week 4.7 percent higher. The price of Japanese silver increased by a slight 2.6 percent over the past week to JPY 903.00 ($10.01) per 10 grams. The price of Indian silver rose 2.6 percent to INR 58,698 ($1,092) per kilogram after falling 0.3 percent during the previous 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.