Global Precious Metals MMI®: US Palladium Bar Rises 8.5% for the Week

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of US palladium bar, which saw an 8.5 percent increase to $781.00 per ounce. This comes on the heels of a 2.3 percent decline the week prior. The price of Japanese palladium bar rose 8.4 percent to JPY 2,396 ($24.91) per gram after falling 3.7 percent during the previous week. The price of Chinese palladium bar rose 6.3 percent to CNY 186.00 ($29.65) per gram after falling 2.2 percent during the previous week.

The price of Japanese platinum bar rose 4.5 percent to JPY 4,953 ($51.50) per gram after falling 3.1 percent during the previous week. The price of US platinum bar rose 1.8 percent to $1,599 per ounce after falling 2.2 percent during the previous week. The price of Chinese platinum bar rose 0.3 percent to CNY 342.00 ($54.52) per gram after falling 0.9 percent during the previous week.

The price of Japanese gold bullion rose 3.1 percent to JPY 4,886 ($50.80) per gram after falling 1.4 percent during the previous week. Following a 0.4 percent increase in the week prior, the price of Indian gold bullion fell 0.9 percent last week to INR 29,216 ($537.55) per 10 grams. For the third week in a row, the price of Chinese gold bullion dropped, falling 0.5 percent to CNY 318.66 ($50.80) per gram. The price of US gold bullion rose 0.2 percent to $1,579 per ounce after falling 0.3 percent during the previous week.

The price of Japanese silver rose 4.8 percent to JPY 891.00 ($9.26) per 10 grams after falling 2.4 percent during the previous week. The price of US silver rose 1.5 percent to $29.00 per ounce after falling 0.6 percent during the previous week. Chinese silver rose 0.8 percent over the past week to CNY 5,950 ($948.52) per kilogram. The price of Indian silver rose 0.5 percent to INR 54,200 ($997.23) per kilogram after falling 0.5 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.