silver price

The week’s biggest mover on the Global Precious Metals MMI® was the price of US gold bullion, which saw a 3.1 percent decline to $1,543 per ounce. This comes on the heels of a 2.3 percent increase the week before. The price of Japanese gold bullion fell 1.1 percent to JPY 4,032 ($50) per gram after rising 0.4 percent the week before. Following a 0.7 percent increase in the week prior, the price of Chinese gold bullion fell 0.9 percent last week to CNY 323.10 ($51.01) per gram. Indian gold bullion traded sideways last week, hovering around INR 29,030 ($523) per 10 grams.

The price of Japanese silver rose 0.7 percent to JPY 727.00 ($9.14) per 10 grams after falling 2.2 percent during the previous week. The price of Indian silver rose 0.6 percent over the past week to INR 53,973 ($974) per kilogram. This was the third week in a row of increasing prices. US silver rose 0.4 percent over the past week to $28.45 per ounce. For the third week in a row, the price of Chinese silver dropped, falling 0.2 percent to CNY 5,990 ($945) per kilogram.

The price of Chinese platinum bar fell 1.9 percent over the past week to CNY 311.50 ($49.18) per gram. This was the third week in a row of declining prices. The price of US platinum bar fell 1.8 percent to $1,435 per ounce after rising 1.3 percent the week before. The price of Japanese platinum bar dropped 1.6 percent this week, closing out the third consecutive week of falling prices at JPY 3,678 ($46) per gram.

At CNY 143.50 ($22.65) per gram, the price of Chinese palladium bar finished the week down two percent. Following a three percent increase in the week prior, the price of US palladium bar fell 1.8 percent last week to $602.00 per ounce. Closing out the third week of declining prices, the price of Japanese palladium bar dropped by 0.8 percent, finishing at JPY 1,534 ($19) per gram.

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.

On May 28, 2012, the day’s biggest mover was Japanese silver, which saw a 1.7 percent increase to JPY 727.00 ($9.14) per 10 grams. After a 1.6 percent increase, Chinese silver finished the day at CNY 5,990 ($945) per kilogram. The price of Indian silver increased 0.8 percent to INR 53,973 ($974) per kilogram. US silver finished the day up 0.6 percent to $28.45 per ounce.

Chinese gold bullion saw its price rise 1.5 percent to CNY 323.10 ($51.01) per gram. Japanese gold bullion gained 1.2 percent to finish at JPY 4,032 ($50) per gram. At INR 29,030 ($523), the price of Indian gold bullion finished the market day up 0.7 percent per 10 grams. The price of US gold bullion held steady at $1,543 per ounce.

Japanese platinum bar prices inched up one percent to JPY 3,678 ($46) per gram. US platinum bar finished the day up 0.7 percent to $1,435 per ounce. Chinese platinum bar prices inched up 0.5 percent to CNY 311.50 ($49.18) per gram.

The price of US palladium bar gained 1.2 percent, finishing at $602.00 per ounce. After falling for two days, the price of Chinese palladium bar rose 0.7 percent to CNY 143.50 ($22.65) per gram. Japanese palladium bar held its value last Friday at JPY 1,534 ($19) per gram.

Japanese silver saw the biggest upwards shift for the day, rising 1.4 percent to close at JPY 715.00 ($9.00) per 10 grams on May 25, 2012. At CNY 5,895 ($930), the price of Chinese silver finished the market day up 0.3 percent per kilogram. The price of Indian silver showed little movement last Friday at INR 53,538 ($962) per kilogram. The price of US silver remained essentially flat at $28.29 per ounce.

After holding steady for the past few days, the price of Indian gold bullion fell 0.6 percent, closing at INR 28,840 ($518) per 10 grams. The price of Chinese gold bullion declined 0.3 percent to CNY 318.30 ($50.25) per gram. The price of Japanese gold bullion held steady at JPY 3,986 ($50) per gram. US gold bullion held its value last Friday at $1,543 per ounce.

Following a 0.5 percent rise last Friday, the price of Chinese platinum bar closed at CNY 310.00 ($48.94) per gram. Following a two-day drop, the price of Japanese platinum bar increased by 0.3 percent to JPY 3,643 ($45) per gram. US platinum bar stayed flat at around $1,425 per ounce.

The price of Chinese palladium bar fell one percent to CNY 142.50 ($22.50) per gram. After dropping for two days, the price of Japanese palladium bar flattened at JPY 1,535 ($19). The price of US palladium bar remained steady at $595.00 per ounce.

US silver saw the biggest upwards shift for the day, rising 3.7 percent to close at $28.29 per ounce on May 24, 2012. Indian silver prices inched up 0.1 percent to INR 53,500 ($955) per kilogram. Japanese silver prices rose 0.1 percent to JPY 705.00 ($8.87) per 10 grams. The price of Chinese silver flattened at CNY 5,880 ($928) following two-days of declines.

Gold prices kept rather steady on May 24…

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US silver saw the biggest upwards shift for the day, rising 3.7 percent to close at $28.29 per ounce on May 24, 2012. Indian silver prices inched up 0.1 percent to INR 53,500 ($955) per kilogram. Japanese silver prices rose 0.1 percent to JPY 705.00 ($8.87) per 10 grams. The price of Chinese silver flattened at CNY 5,880 ($928) following two-days of declines.

After falling for two days, the price of Japanese gold bullion rose 0.1 percent to JPY 3,983 ($50) per gram. After dropping for two days, the price of Chinese gold bullion flattened at CNY 319.20 ($50.43). Indian gold bullion saw little change in its price yesterday at INR 29,017 ($518) per 10 grams. After a couple of days of decreasing prices, the price of US gold bullion held steady at $1,543.

Chinese platinum bar finished the day down 1.1 percent to CNY 308.50 ($48.74) per gram. The price of US platinum bar is back up, rising by 0.6 percent on Thursday to close at $1,425 per ounce. At JPY 3,633 ($45) per gram, Japanese platinum bar fell 0.4 percent on Thursday.

Chinese palladium bar closed two percent lower at CNY 144.00 ($22.75) per gram. Japanese palladium bar ended the day at JPY 1,535 ($19) per gram, after the 0.9 percent drop yesterday. The price of US palladium bar steadied at $595.00 per ounce following two-days of dropping prices.

With a decline of 3.9 percent to $27.29 per ounce on May 23, 2012, US silver recorded the biggest price shift of the day. At JPY 704.00 ($8.81) per 10 grams, Japanese silver fell 2.5 percent yesterday. Chinese silver prices saw a 1.5 percent decline to CNY 5,880 ($930) per kilogram. Indian silver ended the day at INR 53,424 ($965) per kilogram, after the 0.4 percent drop on Wednesday.

How far did gold prices fall?

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With a decline of 3.9 percent to $27.29 per ounce on May 23, 2012, US silver recorded the biggest price shift of the day. At JPY 704.00 ($8.81) per 10 grams, Japanese silver fell 2.5 percent yesterday. Chinese silver prices saw a 1.5 percent decline to CNY 5,880 ($930) per kilogram. Indian silver ended the day at INR 53,424 ($965) per kilogram, after the 0.4 percent drop on Wednesday.

The price of US gold bullion declined 2.5 percent to $1,543 per ounce. Japanese gold bullion closed 2.2 percent lower at JPY 3,978 ($49) per gram. The price of Chinese gold bullion fell 1.8 percent to CNY 318.90 ($50.49) per gram. The price of Indian gold bullion remained essentially flat at INR 29,041 ($524) per 10 grams.

The price of Japanese platinum bar closed at JPY 3,648 ($45) per gram. Following a couple days of improvement, prices fell by three percent. US platinum bar prices saw a 2.9 percent decline to $1,416 per ounce. Chinese platinum bar ended the day at CNY 312.00 ($49.40) per gram, after the 1.6 percent drop yesterday.

US palladium bar finished the day down 2.8 percent to $595.00 per ounce. The price of Japanese palladium bar closed at JPY 1,549 ($19) per gram. Following a couple days of improvement, the metal’s price weakened by 1.3 percent. At CNY 147.00 ($23.27) per gram, the price of Chinese palladium bar was essentially unchanged.

Closing at JPY 1,569 ($19) per gram on the May 22, 2012, Japanese palladium bar rose 1.4 percent to finish as the day’s biggest mover. Chinese palladium bar finished the day up 0.3 percent to CNY 147.00 ($23.25) per gram. Following two days of rising prices, the price of US palladium bar dropped 0.2 percent to $612.00 per ounce.

Japanese platinum bar prices rose 0.7 percent to JPY 3,762 ($47) per gram. US platinum bar finished the day down 0.2 percent to $1,458 per ounce. Weakening prices followed two days of improvement as the price of Chinese platinum bar dropped 0.2 percent to CNY 317.00 ($50.14) per gram.

The price of US gold bullion fell 0.6 percent to $1,582 per ounce. The price of Chinese gold bullion closed at CNY 324.90 ($51.39) per gram. Following a couple days of improvement, prices fell by 0.3 percent. Japanese gold bullion prices saw a 0.2 percent decline to JPY 4,069 ($51) per gram. The price of Indian gold bullion flattened at INR 29,033 ($528) after two days of improvement.

The price of Chinese silver closed at CNY 5,970 ($944) per kilogram. Following a couple days of improvement, the metal’s price weakened by 0.5 percent. At $28.39, the price of US silver finished the market day up 0.1 percent per ounce. Following a two-day rise, the price of Indian silver flattened at INR 53,628 ($975). After a couple of days of improving prices, the price of Japanese silver held steady at JPY 722.00 ($9.11).

The week’s biggest mover on the Global Precious Metals MMI® was the price of Japanese platinum bar, which saw a 2.6 percent decrease to JPY 4,075 ($50) per gram. The price of US platinum bar rose 1.1 percent to $1,568 per ounce after falling 1.3 percent during the previous week. Chinese platinum bar fell 0.6 percent last week to CNY 338.00 ($53.74) per gram.

The price of US gold bullion rose 2.2 percent to $1,662 per ounce after falling 1.5 percent during the previous week. The price of Indian gold bullion rose 1.9 percent over the past week to INR 29,175 ($555) per 10 grams. This was the third week in a row of increasing prices. The price of Chinese gold bullion rose 0.6 percent to CNY 336.61 ($53.52) per gram after falling 0.5 percent during the previous week. The price of Japanese gold bullion fell 0.3 percent to JPY 4,290 ($53) per gram after rising 0.8 percent the week before.

Following a 0.4 percent increase, the price of Japanese silver fell 1.5 percent last week to JPY 797.00 ($9.88) per 10 grams. The price of US silver rose 1.4 percent to $30.99 per ounce after falling 3.1 percent during the previous week. The price of Chinese silver fell 1.4 percent to CNY 6,515 ($1,035) per kilogram after rising 0.3 percent the week before. Following a 1.1 percent increase, the price of Indian silver fell 0.7 percent last week to INR 55,776 ($1,062) per kilogram.

Closing out the third week of rising prices, the price of US palladium bar increased by 2.3 percent, landing at $679.00 per ounce. The price of Chinese palladium bar fell 1.2 percent to CNY 161.00 ($25.60) per gram after rising 5.2 percent the week before. Following a five percent increase in the previous week, the price of Japanese palladium bar fell 0.6 percent last week to JPY 1,745 ($21) per gram.

The Global Precious Metals MMI® collects and weights 14 global precious metal price points to provide an 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.

PGM Price Update

Decreasing one percent, US palladium bar was the biggest mover of the day, finishing at $665.00 per ounce on April 25, 2012. Chinese palladium bar closed 0.6 percent lower at CNY 162.00 ($25.69) per gram. At JPY 1,751 ($21) per gram, the price of Japanese palladium bar was essentially unchanged.

Chinese platinum bar ended the day at CNY 334.00 ($52.97) per gram after a 0.4 percent drop. The price of Japanese platinum bar held steady at JPY 4,048 ($49) per gram. The price of US platinum bar remained essentially flat at $1,552 per ounce.

Gold and Silver Price Update

After falling for two days, the price of Japanese gold bullion rose 0.9 percent to JPY 4,298 ($52) per gram. US gold bullion finished the day down 0.5 percent to $1,639 per ounce. At CNY 334.58 ($53.07), the price of Chinese gold bullion finished the market day up 0.3 percent per gram. Prices plateaued for Indian gold bullion at INR 28,808 ($546) per 10 grams.

US silver prices saw a one percent decline to $30.79 per ounce. Following a two-day drop, the price of Japanese silver increased by 0.4 percent to JPY 798.00 ($9.83) per 10 grams. The price of Indian silver declined 0.1 percent to INR 55,545 ($1,054) per kilogram. The price of Chinese silver broke its fall and settled at CNY 6,465 ($1,025) per kilogram.

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