Precious and PGM Roundup: US Silver Prices Fall Almost 1%

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Silver and Gold Prices

The day’s biggest mover on the precious metals market was US silver, dropping 0.9 percent to settle at $30.99 per ounce on April 30, 2012. Indian silver stayed flat at around INR 55,776 ($1,062) per kilogram. Chinese silver saw little change in its price yesterday at CNY 6,515 ($1,035) per kilogram. The price of Japanese silver remained essentially flat at JPY 797.00 ($9.88) per 10 grams.

Indian gold bullion saw its price rise 0.6 percent to INR 29,175 ($555) per 10 grams. After improving for two days, the price of US gold bullion slipped slightly by 0.1 percent to $1,662 per ounce. At CNY 336.61 ($53.52) per gram, the price of Chinese gold bullion changed its two-day flat trend. The price of Japanese gold bullion showed little movement on Monday at JPY 4,290 ($53) per gram.

PGM Prices Update

The price of US platinum bar remained steady at $1,568 per ounce. After a couple of days of improving prices, the price of Chinese platinum bar held steady at CNY 338.00 ($53.74). The price of Japanese platinum bar broke its climb and settled at JPY 4,075 ($50) per gram.

US palladium bar prices inched up 0.3 percent to $679.00 per ounce. At JPY 1,745 ($21) per gram, the price of Japanese palladium bar were essentially unchanged. Chinese palladium bar held its value on Monday at CNY 161.00 ($25.60) per gram.

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