The monthly Global Precious Metals MMI® registered a value of 88 in July, a decrease of 10.2 percent from 98 in June.
Following a 18.4 percent decline in price, Japanese silver finished the month at $5.93 per 10 grams. Japanese palladium bar prices fell 16.6 percent to $20.40 per gram after rising the previous month. After rising the previous month, Japanese gold bullion prices dropped 15.0 percent to $38.51 per gram. Chinese silver prices dropped by 12.7 percent this month to $640.69 per kilogram. Chinese palladium bar prices fell 12.5 percent to $23.93 per gram after rising the previous month. After rising the previous month, Japanese platinum bar prices dropped 12.5 percent to $41.95 per gram. US palladium bar prices fell 12.0 percent to $659.00 per ounce after rising the previous month. A 11.7 percent decline for US silver left the price at $19.66 per ounce. The price of US gold bullion closed the month at $1,235 per ounce after dropping 11.0 percent. Chinese gold bullion prices fell 10.5 percent to $40.54 per gram. After falling 8.7 percent, Chinese platinum bar finished the month at $45.91 per gram. A 7.9 percent drop over the past month left US platinum bar at $1,339 per ounce. After rising the previous month, Indian silver prices dropped 7.5 percent to $684.55 per kilogram. Indian gold bullion prices fell 3.7 percent to $437.31 per 10 grams.
The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide a unique view into precious metal price trends over a 30-day period. 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.