Daily Precious Metals Update: US Platinum Bars Still Down

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With a decline of 1.3 percent to $1,539 per ounce on May 3, 2012, US platinum bar recorded the biggest price shift of the day. The price of Chinese platinum bar fell 0.1 percent yesterday to CNY 337.50 ($53.78) per gram after three straight days with no change. Japanese platinum bar held its value on Thursday at JPY 4,042 ($50) per gram.

US palladium bar finished the day down 1.2 percent to $660.00 per ounce. At CNY 162.00 ($25.82) per gram, Chinese palladium bar fell 0.6 percent on Thursday. Japanese palladium bar saw little change in its price on Thursday at JPY 1,745 ($21) per gram.

US gold bullion prices saw a one percent decline to $1,635 per ounce. Chinese gold bullion closed 0.5 percent lower at CNY 335.15 ($53.41) per gram. Indian gold bullion prices inched up 0.2 percent to INR 29,274 ($553) per 10 grams. The price of Japanese gold bullion showed little movement on Thursday at JPY 4,285 ($53) per gram.

At $30.21 per ounce, US silver fell one percent on Thursday. Chinese silver at CNY 6,445 ($1,027) per kilogram, after the 0.7 percent drop yesterday. The price of Indian silver remained essentially flat at INR 55,370 ($1,047) per kilogram. Japanese silver stayed flat at around JPY 793.00 ($9.89) per 10 grams.

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