Gold Prices Climbed! SUNSHINE Weekly Metal Prices Tracker: May 19-23, 2025

This week (May 19 to 23, 2025), metal prices exhibited some fluctuations across different markets. Based on the price data from the China, India, UK, and US Exchanges on the SUNSHINE, the following is a report on Copper, Aluminum, Gold, and Silver prices. 

Copper Prices 

Copper prices showed mixed trends across countries this week. While prices in China remained relatively stable with a slight drop of 0.04%, other countries saw increases, with the US posting the strongest gains. 

China: Copper prices in China experienced slight fluctuations this week, with an initial drop, followed by a rebound, and a final decline. Overall, prices showed a minor downward trend, falling from 77,820 CNY/MT (May 19) to 77,790 CNY/MT (May 23), a decrease of 0.04%. Compared to the previous week (reference date: May 16), the price declined slightly by 0.45%. 

India: Copper prices in India followed a mild upward trend this week, with only a slight drop on May 21. Overall, prices rose from 855.35 INR/kg (May 19) to 859.9 INR/kg (May 23), an increase of 0.53%. Compared to the previous week (reference date: May 16), the price increased by 0.92%. 

United Kingdom: Copper prices in the UK fluctuated slightly in the early part of the week and rebounded strongly on May 23, driving the weekly increase. Prices rose from 9,523.5 USD/MT (May 19) to 9,610 USD/MT (May 23), an increase of 0.91%. Compared to the previous week (reference date: May 16), the increase was more significant at 1.72%. 

United States: Copper prices in the US showed a trend similar to the UK, with a sharp rise on May 23. Prices increased notably from 4.624 USD/Lb (May 19) to 4.8325 USD/Lb (May 23), a rise of 4.51%. Compared to the previous week (reference date: May 16), the increase was even larger at 6.13%. 

Aluminum Prices 

Aluminum prices were relatively stable across countries this week, with minor fluctuations. China and the UK saw slight declines, while prices in India and the US edged up. 

China: Aluminum prices in China remained steady, with slight increases followed by a modest decline, resulting in a small net increase. Prices rose from 20,160 CNY/MT (May 19) to 20,220 CNY/MT (May 23), an increase of 0.30%. Compared to the previous week (reference date: May 16), the price rose slightly by 0.22%. 

India: In India, aluminum prices rose initially but declined for the next three days, ending the week with a slight drop. Prices decreased from 236.25 INR/kg (May 19) to 235.55 INR/kg (May 23), a drop of 0.30%. Compared to the previous week (reference date: May 16), the decline was larger at 1.65%. 

United Kingdom: Aluminum prices in the UK showed minor daily fluctuations, with the largest daily gain at 0.88%. Overall, prices rose from 2,450 USD/MT (May 19) to 2,463.5 USD/MT (May 23), an increase of 0.55%. Compared to the previous week (reference date: May 16), prices declined by 0.73%. 

United States: Aluminum prices in the US rose slightly at first but then declined steadily over the remainder of the week. Overall, prices fell from 2,358.75 USD/MT (May 19) to 2,340.25 USD/MT (May 23), a decrease of 0.78%. Compared to the previous week (reference date: May 16), the decline was more pronounced at 1.49%. 

Gold Prices 

Gold prices showed a strong upward trend globally this week, with substantial overall gains. 

China: Gold prices in China rose significantly this week, with the largest daily increase reaching 3.16% on May 21. Overall, prices climbed from 748.84 CNY/g (May 19) to 777.98 CNY/g (May 23), an increase of 3.89%. Compared to the previous week (reference date: May 16), prices were up by 3.76%. 

India: Gold prices in India also posted strong gains, with only a slight drop on May 22 before resuming the upward trend. Prices rose from 9,329.7 INR/g (May 19) to 9,642.1 INR/g (May 23), an increase of 3.35%. Compared to the previous week (reference date: May 16), the increase was even stronger at 4.31%. 

United States: Gold prices in US fluctuated during the week, declining 0.65% on May 22 but rising again to 3,351.0 USD/oz t (May 23). Overall, prices rose from 3,230.6 USD/oz t (May 19) to 3,351.0 USD/oz t (May 23), an increase of 3.73%. Compared to the previous week (reference date: May 16), the increase was even greater at 4.99%. 

Silver Prices

Silver prices rose sharply across countries this week, with significant volatility in the U.S. and more modest fluctuations in China and India. 

China: Silver prices in China showed a choppy upward trend. After a sharp rise on May 21 and some fluctuations, prices rose overall from 8,071 CNY/kg (May 19) to 8,243 CNY/kg (May 23), an increase of 2.13%. Compared to the previous week (reference date: May 16), the price increased by 1.98%. 

India: Silver prices in India followed a steady upward trend with a minor pullback mid-week, then rose again to remain at high levels. Prices increased from 95,453 INR/kg (May 19) to 98,054 INR/kg (May 23), an increase of 2.72%. Compared to the previous week (reference date: May 16), prices rose by 2.87%. 

United States: Silver prices in the US were highly volatile this week, with the largest daily gain at 2.48% (May 20) and the biggest drop at 2.19% (May 22). Overall, prices rose from 32.265 USD/oz t (May 19) to 33.535 USD/oz t (May 23), an increase of 3.94%. Compared to the previous week (reference date: May 16), the price rose by 4.16%.