Global Precious Metals MMI®: Chinese Palladium Bar Rises 5.1% for the Week

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Metal Prices, Premium

The week’s biggest mover on the weekly Global Precious Metals MMI® was the price of Chinese palladium bar, which saw a 5.1 percent increase to CNY 165.00 ($27.03) per gram. This comes on the heels of a 1.9 percent decline the week prior. US palladium bar prices climbed to $739.00 per ounce, up from $712.00 a week ago. Finishing at JPY 2,293 ($23.41) per gram for the week, Japanese palladium bar climbed 3.3 percent increase.

The price of US platinum bar rose 5.0 percent to $1,435 per ounce after falling 1.4 percent during the previous week. The price of Chinese platinum bar rose 4.5 percent to CNY 302.00 ($49.48) per gram after falling 3.0 percent during the previous week. Over the past week, Japanese platinum bar rose 3.5 percent to JPY 4,561 ($46.57) per gram.

The price of US gold bullion rose 3.5 percent to $1,317 per ounce after falling 2.9 percent during the previous week. The price of Indian gold bullion rose 2.6 percent to INR 29,674 ($484.51) per 10 grams after falling 2.8 percent during the previous week. The price of Chinese gold bullion rose 2.3 percent to CNY 259.75 ($42.56) per gram after falling 4.2 percent during the previous week. The price of Japanese gold bullion rose 1.7 percent to JPY 4,155 ($42.43) per gram after falling 0.5 percent during the previous week.

The price of Chinese silver rose 2.9 percent to CNY 4,405 ($721.71) per kilogram after falling 1.9 percent during the previous week. The price of US silver rose 2.9 percent to $21.96 per ounce after falling 1.8 percent during the previous week. Indian silver gained a slight 2.0 percent this past week, finishing at INR 50,098 ($817.99) per kilogram. Prices for Japanese silver remained constant, closing the week at JPY 674.00 ($6.88) 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. 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.

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