Global Precious Metals MMI®: Japanese Platinum Bar Rises 3.5% 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 Japanese platinum bar, which saw a 3.5 percent increase to JPY 4,594 ($43.62) per gram. This comes on the heels of a 2.1 percent decline the week prior. The price of US platinum bar rose 3.1 percent to $1,356 per ounce after falling 3.4 percent during the previous week. The price of Chinese platinum bar rose 2.9 percent to CNY 288.00 ($47.45) per gram after falling 2.1 percent during the previous week.

The price of Chinese palladium bar rose 1.3 percent to CNY 157.00 ($25.87) per gram after falling 2.5 percent during the previous week. The price of US palladium bar rose 0.4 percent to $698.00 per ounce after falling 2.8 percent during the previous week. The price of Japanese palladium bar rose 0.1 percent to JPY 2,342 ($22.24) per gram after falling 2.5 percent during the previous week.

The price of Japanese gold bullion rose 2.1 percent to JPY 4,095 ($38.88) per gram after falling 2.0 percent during the previous week. The price of US gold bullion rose 2.0 percent to $1,211 per ounce after falling 4.1 percent during the previous week. The price of Chinese gold bullion rose 1.2 percent to CNY 240.50 ($39.62) per gram after falling 2.1 percent during the previous week. The price of Indian gold bullion rose 0.6 percent to INR 27,816 ($449.19) per 10 grams after falling 4.0 percent during the previous week.

The price of US silver rose 2.9 percent to $19.80 per ounce after falling 2.2 percent during the previous week. The price of Chinese silver rose 2.4 percent to CNY 4,080 ($672.22) per kilogram after falling 1.0 percent during the previous week. Closing out the third week of rising prices, the price of Japanese silver increased by 2.3 percent, landing at JPY 668.00 ($6.34) per 10 grams. The price of Indian silver rose 2.3 percent to INR 45,811 ($739.78) per kilogram after falling 1.4 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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