Price of Japanese Platinum Bar Changes Directions

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Metal Prices, MetalMiner IndX, Precious Metals

On May 17, 2012, the day’s biggest mover on precious metals markets was the price of Japanese platinum bar, which saw a 1.9 percent increase to JPY 3,742 ($46) per gram. This increase comes after the price fell for the two previous days. US platinum bar prices inched up 1.2 percent to $1,453 per ounce. After falling for two days, the price of Chinese platinum bar rose 0.6 percent to CNY 313.00 ($49.51) per gram.

Japanese palladium bar, meanwhile, gained 1.8 percent to finish at JPY 1,557 ($19) per gram. After a 1.2 percent increase, US palladium bar finished the day at $603.00 per ounce. At CNY 145.00 ($22.94) per gram, the price of Chinese palladium bar was essentially unchanged.

The price of Japanese gold bullion rose 1.4 percent to JPY 4,015 ($49) per gram after a two-day drop. US gold bullion saw its price rise 1.1 percent to $1,567 per ounce. Following a 0.7 percent rise yesterday, the price of Chinese gold bullion closed at CNY 316.15 ($50.01) per gram. The price of Indian gold bullion flattened at INR 27,944 ($512) following two-days of declines.

The price of Japanese silver is back up, rising by 0.3 percent on Thursday to close at JPY 708.00 ($8.80) per 10 grams. For the seventh day in a row, the price of US silver fell and is currently at $27.92 per ounce. After dropping for two days, the price of Chinese silver flattened at CNY 5,810 ($919). After a couple of days of decreasing prices, the price of Indian silver held steady at INR 51,458 ($944).

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