Daily Precious Metals Price Trends – Palladium, Gold Up; Silver Down

PGM Price Update

Decreasing one percent, US palladium bar was the biggest mover of the day, finishing at $665.00 per ounce on April 25, 2012. Chinese palladium bar closed 0.6 percent lower at CNY 162.00 ($25.69) per gram. At JPY 1,751 ($21) per gram, the price of Japanese palladium bar was essentially unchanged.

Chinese platinum bar ended the day at CNY 334.00 ($52.97) per gram after a 0.4 percent drop. The price of Japanese platinum bar held steady at JPY 4,048 ($49) per gram. The price of US platinum bar remained essentially flat at $1,552 per ounce.

Gold and Silver Price Update

After falling for two days, the price of Japanese gold bullion rose 0.9 percent to JPY 4,298 ($52) per gram. US gold bullion finished the day down 0.5 percent to $1,639 per ounce. At CNY 334.58 ($53.07), the price of Chinese gold bullion finished the market day up 0.3 percent per gram. Prices plateaued for Indian gold bullion at INR 28,808 ($546) per 10 grams.

US silver prices saw a one percent decline to $30.79 per ounce. Following a two-day drop, the price of Japanese silver increased by 0.4 percent to JPY 798.00 ($9.83) per 10 grams. The price of Indian silver declined 0.1 percent to INR 55,545 ($1,054) per kilogram. The price of Chinese silver broke its fall and settled at CNY 6,465 ($1,025) per kilogram.

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