Global Precious Metals MMI®: Japanese Palladium Bar Week Closes With 6.4% Rise
Japanese palladium bar saw the largest upwards shift on the weekly Global Precious Metals MMI®, rising 6.4 percent to settle at JPY 2,375 ($23.36) per gram. The price of US palladium bar rose 3.5 percent this week, closing out the third week at $716.00 per ounce. The price of Chinese palladium bar rose 2.6 percent to CNY 159.00 ($25.87) per gram after falling 1.9 percent during the previous week.
The price of Japanese platinum bar rose 6.0 percent to JPY 4,906 ($48.25) per gram after falling 1.2 percent during the previous week. The price of US platinum bar fell 1.4 percent to $1,477 per ounce after rising 1.5 percent the week before. Following a 1.0 percent increase in the week prior, the price of Chinese platinum bar fell 0.6 percent last week to CNY 312.00 ($50.76) per gram.
The price of Japanese gold bullion rose 3.5 percent to JPY 4,706 ($46.29) per gram after falling 2.9 percent during the previous week. The price of US gold bullion fell 2.7 percent to $1,431 per ounce after rising 0.5 percent the week before. Chinese gold bullion saw a 1.6 percent decline over the past week to CNY 293.20 ($47.70) per gram. After a 1.0 percent decline, Indian gold bullion closed out the week at INR 27,005 ($492.47) per 10 grams.
The price of Japanese silver rose 4.1 percent to JPY 770.00 ($7.57) per 10 grams after falling 2.4 percent during the previous week. Closing out the third week of declining prices, the price of Indian silver dropped by 2.0 percent, finishing at INR 44,494 ($811.41) per kilogram. Following a 0.4 percent increase in the week prior, the price of US silver fell 2.0 percent last week to $23.65 per ounce. Chinese silver prices were off slightly at CNY 4,770 ($776.09) per kilogram, down from CNY 4,835 ($785.75) a week ago.
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.