Platinum, Palladium Prices Rise on Weekly Precious Metals Index
The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 7.6 percent increase. This comes on the heels of a 6.0 percent decline the week prior.
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The price of Chinese palladium bar rose 3.7 percent after falling 2.0 percent during the previous week. The price of US palladium bar rose 3.3 percent after falling 2.2 percent during the previous week.
The price of Japanese platinum bar rose 4.5 percent after falling 3.4 percent during the previous week. The price of US platinum bar fell 1.2 percent over the past week. This was the fourth week in a row of declining prices. The price of Chinese platinum bar fell 0.4 percent over the past week. This was the fourth week in a row of declining prices.
The price of Japanese gold bullion rose 3.6 percent after falling 5.8 percent during the previous week. The price of Indian gold bullion rose 2.1 percent after falling 3.2 percent during the previous week. The price of US gold bullion fell 0.9 percent over the past week. This was the third week in a row of declining prices. The price of Chinese gold bullion rose 0.1 percent after falling 4.7 percent during the previous week.
The price of Chinese silver fell 4.3 percent over the past week. This was the third week in a row of declining prices. The price of Japanese silver rose 3.9 percent after falling 3.8 percent during the previous week. The price of US silver fell 3.9 percent over the past week. This was the third week in a row of declining prices. The price of Indian silver rose 2.3 percent after falling 0.7 percent during the previous week.
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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.