Global Precious Metals MMI®: Japanese Platinum Bar Falls 3.3% for the Week

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese platinum bar, which saw a 3.3 percent decline to JPY 4,792 ($50.50) per gram. This comes on the heels of a 4.5 percent increase the week before. Following a 0.3 percent increase in the week prior, the price of Chinese platinum bar fell 1.2 percent last week to CNY 338.00 ($53.76) per gram. The price of US platinum bar fell 0.6 percent to $1,589 per ounce after rising 1.8 percent the week before.

Following a 6.3 percent increase in the week prior, the price of Chinese palladium bar fell 3.2 percent last week to CNY 180.00 ($28.63) per gram. The price of US palladium bar fell 1.0 percent to $773.00 per ounce after rising 8.5 percent the week before. Following an 8.4 percent increase in the week prior, the price of Japanese palladium bar fell 0.4 percent last week to JPY 2,386 ($25.14) per gram.

The price of Indian gold bullion rose 1.0 percent to INR 29,515 ($546.32) per 10 grams after falling 0.9 percent during the previous week. The price of US gold bullion rose 0.9 percent this week, closing out the third week at $1,593 per ounce. The price of Japanese gold bullion fell 0.8 percent to JPY 4,847 ($51.07) per gram after rising 3.1 percent the week before. The price of Chinese gold bullion rose 0.6 percent to CNY 320.59 ($50.99) per gram after falling 0.5 percent during the previous week.

Following a 0.5 percent increase in the week prior, the price of Indian silver fell 2.5 percent last week to INR 52,860 ($978.44) per kilogram. The price of Japanese silver fell 1.3 percent to JPY 879.00 ($9.26) per 10 grams after rising 4.8 percent the week before. Following a 0.8 percent increase in the week prior, the price of Chinese silver fell 1.0 percent last week to CNY 5,890 ($936.74) per kilogram. The price of US silver fell 0.8 percent to $28.77 per ounce after rising 1.5 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.