Price of Japanese Platinum Bar Changes Directions

by MetalMiner IndX Reports on

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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