Global Precious Metals MMI®: US Platinum Bar Up 2.3% for Week

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A 2.3 percent improvement on the weekly Global Precious Metals MMI® made US platinum bar the week’s biggest mover, closing at $1,712 per ounce. Following a 2.2 percent increase, Chinese platinum bar finished the week at CNY 368.50 ($58.93) per gram. At JPY 5,133 ($55.46) per gram, the price of Japanese platinum bar finished the week 1.1 percent higher.

The price of US palladium bar rose 1.5 percent this week, closing out the third week at $752.00 per ounce. The price of Japanese palladium bar fell 1.3 percent to JPY 2,220 ($23.99) per gram after rising 4.2 percent the week before. The price of Chinese palladium bar rose 0.5 percent over the past week to CNY 184.00 ($29.42) per gram. This was the third week in a row of increasing prices.

The price of Indian gold bullion rose 0.9 percent to INR 30,408 ($568.27) per 10 grams after falling 1.0 percent during the previous week. Closing out the third week of rising prices, the price of Japanese gold bullion increased by 0.5 percent, landing at JPY 5,014 ($54.18) per gram. At CNY 337.80 ($54.02) per gram, the price of Chinese gold bullion finished the week 0.3 percent higher. Closing out the third week of rising prices, the price of US gold bullion increased by 0.2 percent, landing at $1,667 per ounce.

Following a 2.1 percent increase in the week prior, the price of Japanese silver fell 2.3 percent last week to JPY 907.00 ($9.80) per 10 grams. The price of Chinese silver rose 0.2 percent over the past week to CNY 6,405 ($1,024) per kilogram. This was the third week in a row of increasing prices. The price of US silver fell 0.1 percent to $31.43 per ounce after rising 0.9 percent the week before. Indian silver prices held steady from the previous week at INR 57,634 ($1,077) per kilogram.

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.