PGM Price Trends Update
On May 1, 2012, Japanese platinum bar fell by 1.7 percent to JPY 4,006 ($50) per gram, making it the day’s biggest mover. US platinum bar settled at $1,564 per ounce, after a 0.3 percent drop yesterday. At CNY 338.00 ($53.83) per gram, the price of Chinese platinum bar was essentially unchanged.
Japanese palladium bar saw little change in its price yesterday at JPY 1,745 ($21) per gram. The price of US palladium bar ended a two-day climb, settling at $679.00 per ounce. The price of Chinese palladium bar remained essentially flat at CNY 161.00 ($25.64) per gram.
Japan Gold Drops, Silver Up and Down
Japanese gold bullion finished the day down 0.4 percent to JPY 4,273 ($53) per gram. The price of US gold bullion remained steady at $1,661 per ounce. Chinese gold bullion held its value on Tuesday at CNY 336.61 ($53.61) per gram. Following a two-day rise, the price of Indian gold bullion flattened at INR 29,175 ($553).
US silver gained 0.5 percent to finish at $31.16 per ounce. The price of Japanese silver dropped by 0.5 percent to JPY 793.00 ($9.90) per 10 grams after holding steady. Chinese silver stayed flat at around CNY 6,515 ($1,037) per kilogram. The price of Indian silver held steady at INR 55,776 ($1,058) per kilogram.