Weekly Global Precious Metals Price Index: Gold Bullion, Ahoy!

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goldThe week’s biggest mover on the weekly Global Precious Metals MMI® was the price of US gold bullion, which saw a 2.1 percent decline to $1,254 per ounce. This comes on the heels of a 0.2 percent increase the week before.

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Following a 0.4 percent increase in the week prior, the price of Chinese gold bullion fell 1.8 percent last week to CNY 250.20 ($40.54) per gram. The price of Indian gold bullion fell 1.8 percent to INR 27,600 ($458.37) per 10 grams after rising 1.7 percent the week before. Following a 0.6 percent increase in the week prior, the price of Japanese gold bullion fell 0.2 percent last week to JPY 4,285 ($40.73) per gram.

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The price of US silver declined 2.0 percent over the past week, settling at $18.98 per ounce. The price of Indian silver fell 1.9 percent to INR 42,070 ($698.68) per kilogram after rising 2.1 percent the week before. Following a 0.8 percent increase in the week prior, the price of Chinese silver fell 1.1 percent last week to CNY 4,175 ($676.51) per kilogram. The price of Japanese silver fell 0.5 percent to JPY 647.00 ($6.15) per 10 grams after rising 2.2 percent the week before.

Following a 0.3 percent increase in the week prior, the price of Chinese platinum bar fell 1.0 percent last week to CNY 297.00 ($48.13) per gram. At $1,393 per ounce, the price of US platinum bar finished the week down 0.5 percent. Japanese platinum bar remained essentially flat from the previous week at JPY 4,783 ($45.47) per gram.

The price of Chinese palladium bar fell 2.0 percent to CNY 194.00 ($31.44) per gram after rising 3.1 percent the week before. Japanese palladium bar saw its price rise 1.0 percent over the past week to JPY 3,023 ($28.74) per gram. Following a 0.8 percent increase in the week prior, the price of US palladium bar fell 0.2 percent last week to $881.00 per ounce.

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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