Global Precious Metals MMI®: US Palladium Bar Gains 4.0% for Week

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Metal Prices
Prices for US palladium bar saw the biggest increase on the weekly Global Precious Metals MMI® this week, rising 4.0 percent and settling at $726.00 per ounce. Closing at CNY 161.00 ($26.61) per gram for the week, Chinese palladium bar rose by a slight 2.5 percent. The price of Japanese palladium bar increased by a slight 1.5 percent over the past week to JPY 2,377 ($22.66) per gram.

A 3.6 percent jump caught the week’s heaviest change for US platinum bar. Following a 1.7 percent increase, Chinese platinum bar finished the week at CNY 293.00 ($48.42) per gram. Japanese platinum bar gained a slight 1.1 percent this past week, finishing at JPY 4,645 ($44.27) per gram.

US gold bullion rose 2.2 percent over the past week to $1,238 per ounce. Chinese gold bullion saw its price rise 2.0 percent over the past week to CNY 245.30 ($40.54) per gram. Indian gold bullion prices ticked up 1.4 percent over the past week to INR 28,216 ($453.67) per 10 grams. Japanese gold bullion remained essentially flat from the previous week at JPY 4,093 ($39.01) per gram.

Closing at $20.14 per ounce for the week, US silver rose by a slight 1.7 percent. Indian silver gained a slight 1.2 percent this past week, finishing at INR 46,366 ($745.50) per kilogram. In the past week, Japanese silver saw its price shift up 0.3 percent to JPY 670.00 ($6.39) per 10 grams. Following a 0.1 percent increase, Chinese silver finished the week at CNY 4,085 ($675.12) per kilogram.

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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