Daily Precious Metals Roundup: US Palladium Bar Keeps Falling

US palladium bar had the largest decline on May 8, 2012, dropping 3.9 percent and landing at $624.00 per ounce. Chinese palladium bar gained 0.6 percent to finish at CNY 157.00 ($24.96) per gram. Japanese palladium bar finished the day down 0.2 percent to JPY 1,667 ($20) per gram.

At $1,503 per ounce, US platinum bar fell 1.3 percent yesterday. Japanese platinum bar prices inched up 1.1 percent to JPY 3,931 ($49) per gram. Chinese platinum bar saw its price rise 0.2 percent to CNY 329.00 ($52.30) per gram.

The price of US gold bullion declined 2.1 percent to $1,602 per ounce. Indian gold bullion prices saw a 0.3 percent decline to INR 28,936 ($546) per 10 grams. The price of Japanese gold bullion remained essentially flat at JPY 4,208 ($52) per gram. Chinese gold bullion saw little change in its price on Tuesday at CNY 333.30 ($52.98) per gram.

Indian silver ended the day at INR 54,207 ($1,024) per kilogram, after the 2.4 percent drop on Tuesday. US silver closed 2.1 percent lower at $29.33 per ounce. The price of Chinese silver fell 0.2 percent to CNY 6,365 ($1,011) per kilogram. The price of Japanese silver declined 0.1 percent to JPY 766.00 ($9.58) per 10 grams.

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