Japan Palladium Bar Price Falls 4.2% on Weekly Index

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The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Japanese palladium bar, which saw a 4.2 percent decline. This comes on the heels of a 3.6 percent increase the week before.

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The price of Chinese palladium bar fell 3.0 percent after rising 3.1 percent the week before. Following a 3.6 percent increase in the week prior, the price of US palladium bar fell 2.8 percent last week.

The price of Japanese platinum bar fell 2.9 percent after rising 3.4 percent the week before. Following a 1.0 percent increase in the week prior, the price of Chinese platinum bar fell 0.7 percent last week. Following a steady week, prices for US platinum bar closed flat.

The price of Indian gold bullion increased 3.3 percent this week, closing out the fourth consecutive week of rising prices. Finishing the fourth week of rising prices, the price of US gold bullion increased by 2.9 percent. The price of Japanese gold bullion fell 1.6 percent after rising 4.0 percent the week before. The price of Chinese gold bullion rose 0.5 percent over the past week. This was the fourth week in a row of increasing prices.

The price of US silver rose 2.4 percent after falling 2.0 percent during the previous week. Following a 0.6 percent increase in the week prior, the price of Japanese silver fell 1.4 percent last week. The price of Chinese silver declined 0.1 percent over the past week. Indian silver remained essentially flat from 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.