The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese gold bullion, which saw a 2.9 percent decline to JPY 4,547 ($45.87) per gram. This comes on the heels of a 2.8 percent increase the week before. The price of Chinese gold bullion fell 0.7 percent to CNY 298.02 ($48.43) per gram after rising 3.8 percent the week before. In the past week, US gold bullion saw its price shift up 0.5 percent to $1,471 per ounce. Following a 3.2 percent increase in the week prior, the price of Indian gold bullion fell 0.4 percent last week to INR 27,290 ($506.78) per 10 grams.
The price of Japanese silver fell 2.4 percent to JPY 740.00 ($7.47) per 10 grams after rising 0.8 percent the week before. Following a 4.0 percent increase in the week prior, the price of Chinese silver fell 2.3 percent last week to CNY 4,835 ($785.75) per kilogram. The price of Indian silver fell 0.5 percent to INR 45,410 ($843.27) per kilogram after rising 2.7 percent the week before. US silver rose 0.4 percent over the past week to $24.13 per ounce.
The price of US platinum bar increased by a slight 1.5 percent over the past week to $1,498 per ounce. Following a 2.0 percent increase in the week prior, the price of Japanese platinum bar fell 1.2 percent last week to JPY 4,628 ($46.69) per gram. Chinese platinum bar saw its price rise 1.0 percent over the past week to CNY 314.00 ($51.03) per gram.
Following a 2.1 percent increase, US palladium bar finished the week at $692.00 per ounce. The price of Chinese palladium bar fell 1.9 percent to CNY 155.00 ($25.19) per gram after rising 0.6 percent the week before. Closing at JPY 2,233 ($22.53) per gram, Japanese palladium bar remained unchanged for the 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.