The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Indian silver, which saw a 4.9 percent increase. This week marked the fifth in a row of rising prices for the metal.
The price of Japanese silver rose 3.0 percent over the past week. This was the third week in a row of increasing prices. The price of US silver fell 2.3 percent after rising 3.5 percent the week before. Following a 4.0 percent increase in the week prior, the price of Chinese silver fell 1.4 percent last week.
The price of Indian gold bullion rose 2.8 percent this week. Closing out the third week of rising prices, the price of Japanese gold bullion increased by 1.6 percent. The price of Chinese gold bullion fell 0.3 percent after rising 0.7 percent the week before. The price of US gold bullion did not change since the previous week.
Following a 2.6 percent increase in the week prior, the price of Japanese platinum bar fell 2.2 percent last week. The price of Chinese platinum bar fell 1.2 percent after rising 1.3 percent the week before. Following a 0.9 percent increase in the week prior, the price of US platinum bar fell 1.0 percent last week.
The past week saw US palladium bar close after a 3.7 percent decline. Chinese palladium bar finished the week after falling 3.6 percent. The price of Japanese palladium bar fell 1.0 percent after rising 1.5 percent the week before.
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.