Gold Prices Rebounded! SUNSHINE Weekly Metal Prices Tracker: May 5-9, 2025
This week (May 5 to 9, 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 across various countries experienced fluctuations this week, with divergent trends. India saw a noticeable increase, while the other three countries recorded varying degrees of decline.
China: Copper prices in China exhibited a slight downward trend this week, remaining largely stable. The price saw a marginal decrease from 77,600 CNY/MT (May 6) to 77,450 CNY/MT (May 9), marking a decline of 0.19%. Compared to the previous week (reference date: April 30), the price remained unchanged.
India: Copper prices in India demonstrated significant volatility this week, ultimately trending upward. Prices rose from 842.5 INR/kg (May 5) to 851.6 INR/kg (May 9), an increase of 9.1 INR/kg or approximately 1.08%. Relative to the previous week (reference date: May 2), the price rose by 1.23%.
United Kingdom: Copper prices in the UK initially declined and then experienced a modest rebound, but the overall trend was downward. The price fell from 9,538 USD/MT (May 6) to 9,445.5 USD/MT (May 9), a decrease of 92.5 USD/MT or 0.97%. Compared to the prior week (reference date: May 2), there was a slight increase of 0.85%.
United States: Copper prices in the US displayed notable fluctuations throughout the week, with a significant drop of 3 of 3.06% on May 7, followed by a slight rebound on May 9. Overall, the price declined from 4.6495 USD/Lb (May 5) to 4.6045 USD/Lb (May 9), a decrease of 0.97%. Compared to the previous week (reference date: May 2), the price declined by 1.05%.
Aluminum Prices
Aluminum prices across nations showed varied movements this week, generally following a pattern of early decline followed by recovery. India posted a modest gain, while the other three countries experienced different levels of decline.
China: Aluminum prices in China saw an initial decrease followed by a recovery, ultimately recording a net decline. Prices dropped from 19,785 CNY/MT (May 6) to 19,585 CNY/MT (May 9), a decrease of 200 CNY/MT or 1.01%. Compared to the previous week (reference date: April 30), the decline was more pronounced at 1.95%.
India: Aluminum prices in India fluctuated this week, with a notable daily increase of 2.43% on May 8. Overall, the price experienced a slight uptick from 232.4 INR/kg (May 5) to 233.55 INR/kg (May 9), a rise of 1.15 INR/kg or approximately 0.49%. Compared to the prior week (reference date: May 2), the price increased by 0.39%.
United Kingdom: Aluminum prices in the UK showed a downward trend with a subsequent recovery. A daily drop of 1.83% was observed on May 7. Overall, prices declined slightly from 2,427 USD/MT (May 6) to 2,417.5 USD/MT (May 9), a decrease of 9.5 USD/MT or 0.39%. Compared to the previous week (reference date: May 2), prices were down by 0.58%.
United States: Aluminum prices in the US displayed mild volatility, closing the week slightly lower. Prices fell from 2,322.75 USD/MT (May 5) to 2,302.5 USD/MT (May 9), a decline of 0.87%. Compared to the previous week (reference date: May 2), the drop amounted to 0.64%.
Gold Prices
Gold prices varied across nations this week. While China registered a decline, India and the US recorded gains of different magnitudes following fluctuations. All three countries saw an increase compared to the previous week.
China: Gold prices in China initially rose before declining for several consecutive days, ultimately closing at 786.32 CNY/g (May 9). This marks a decrease from 794.8 CNY/g (May 6), down by 8.48 CNY/g or 1.07%. However, compared to the previous week (reference date: April 30), the price had risen significantly, with a 4.56% increase.
India: Gold prices in India surged early in the week, with a peak daily gain of 3.00% on May 6, followed by a slight retreat. Overall, prices rose from 9,464.9 INR/g (May 5) to 9,651.8 INR/g (May 9), an increase of 186.9 INR/g or 1.97%. Compared to the previous week (reference date: May 2), the rise was more pronounced at 4.19%.
United States: Gold prices in the US fluctuated noticeably, with a daily peak increase of 3.65% on May 6 and a steep daily decline of 1.93% on May 7. Overall, prices edged upward from 3,310.1 USD/oz t (May 5) to 3,326.3 USD/oz t (May 9), a modest gain of 0.49%. Compared to the previous week (reference date: May 2), prices rose by 3.14%.
Silver Prices
Silver prices showed considerable volatility this week, with divergent movements across countries. China saw a decline, while India and the US experienced varying levels of increase.
China: Silver prices in China fluctuated throughout the week, with a notable daily drop of 1.91% on May 8. Overall, prices fell from 8,235 CNY/kg (May 6) to 8,168 CNY/kg (May 9), a decrease of 67 CNY/kg or 0.81%. Compared to the previous week (reference date: April 30), prices declined slightly by 0.32%.
India: Silver prices in India trended upward, with a peak daily gain of 2.41% on May 6. Prices increased from 94,424 INR/kg (May 5) to 96,729 INR/kg (May 9), an overall rise of 2,305 INR/kg or 2.44%. Compared to the previous week (reference date: May 2), the price rose by 2.83%.
United States: Silver prices in the US experienced pronounced fluctuations, with a daily gain of up to 3.27% on May 6 and a drop of 3.00% on May 7. Overall, prices advanced from 32.14 USD/oz t (May 5) to 32.73 USD/oz t (May 9), an increase of 1.84%. Compared to the prior week (reference date: May 2), the rise was more substantial at 2.57%.
