Gold Up 3.1% and Silver Up 2.2% This Week

The week, day by day

Gold began the week at S$162.73 per gram. By Tuesday it had slipped to S$162.10, its lowest figure of the seven days, and silver touched its low of S$2.05 that same day.

Our weekly figures give the high and low and the day each one landed, but not a closing price for every day. So we cannot rank each daily move for you. What stands out is the run from Tuesday's low to Saturday's high, when gold reached S$167.77.

Silver's high came on Wednesday at S$2.14, and it finished the week at that same level. Gold also closed at S$167.77 per gram.

Where the weekly numbers land

Gold ended the week at S$5,218 per ounce, up 3.1% over the seven days. Over four weeks it is down 1.6%, and over one year it is up 0.3%.

Silver ended at S$67 per ounce, up 2.2% for the week. It is down 14.2% over four weeks and up 5.3% over one year.

The gold to silver ratio moved from 77.7 to 78.3. In US dollars, gold went from US$3,958 to US$4,069 an ounce, while the US dollar to Singapore dollar rate rose from 1.2789 to 1.2825, up 0.3%.

What the week means at the counter

For everyday buyers, a 1 oz Australian Kangaroo Gold Coin (various years) is priced at S$5,410 right now. A 1 oz Canadian Maple Leaf Silver Coin (various years) is at S$72.

If you are comparing the two metals, look at both the per gram and per ounce figures, since each shows the week from a different angle.