With a 5 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. US platinum bar traded sideways last week.
Japanese palladium bar prices climbed about $1 per gram from a week ago. The price of Chinese palladium bar rose 3.5 percent over the past week. 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 percent.
Japanese gold bullion prices ticked up 2.4 percent over the past week. Chinese gold bullion gained a slight 1.4 percent this past week. US gold bullion finished the week 1.3 percent higher. The price of Indian gold bullion rose 0.1 percent 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 of increases. 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. The price of Indian silver rose 2.6 percent 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.