Global Precious Metals MMI®: US Palladium Bar Falls 3.1% 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 US palladium bar, which saw a 3.1 percent decline to $715.00 per ounce. This comes on the heels of a 3.1 percent increase the week before. Following a 2.5 percent increase in the week prior, the price of Chinese palladium bar fell 2.5 percent last week to CNY 159.00 ($26.19) per gram. Japanese palladium bar prices held steady from the previous week at JPY 2,399 ($23.16) per gram.

The price of Japanese platinum bar rose 1.4 percent to JPY 4,532 ($43.76) per gram after falling 0.9 percent during the previous week. Following a 0.4 percent increase, US platinum bar finished the week at $1,361 per ounce. The price of Chinese platinum bar rose 0.4 percent to CNY 286.00 ($47.11) per gram after falling 1.0 percent during the previous week.

The price of Japanese gold bullion rose 1.5 percent to JPY 4,092 ($39.51) per gram after falling 1.4 percent during the previous week. The price of Indian gold bullion rose 1.3 percent to INR 28,811 ($464.64) per 10 grams after falling 5.8 percent during the previous week. The price of US gold bullion rose 0.7 percent to $1,239 per ounce after falling 0.6 percent during the previous week. Chinese gold bullion traded sideways last week, hovering around CNY 242.65 ($39.97) per gram.

The price of Indian silver rose 1.5 percent to INR 45,447 ($732.93) per kilogram after falling 4.0 percent during the previous week. The price of Chinese silver fell 1.0 percent over the past week to CNY 4,025 ($663.00) per kilogram. This was the fourth week in a row of declining prices. The price of Japanese silver rose 0.8 percent to JPY 638.00 ($6.16) per 10 grams after falling 2.2 percent during the previous week. The price of US silver rose 0.7 percent to $19.68 per ounce after falling 0.6 percent during the previous week.

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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