Precious Metals Roundup: Japanese Palladium Bar Down Again

Japanese palladium bar saw the biggest price shift of the day, dropping 5.2 percent to close at JPY 1,581 ($19) per gram on May 9, 2012. Chinese palladium bar was down 3.2 percent from the previous market day, closing at CNY 152.00 ($24.15) per gram. US palladium bar has been on the decline for seven days and is now at $614.00 per ounce.

Japanese platinum bar closed 1.8 percent lower at JPY 3,859 ($48) per gram. Chinese platinum bar finished the day down 0.9 percent to CNY 326.00 ($51.80) per gram. The price of US platinum bar declined 0.1 percent to $1,501 per ounce.

At JPY 4,094 ($51) per gram, Japanese gold bullion fell 2.7 percent on Wednesday. The price of Chinese gold bullion dropped by 2.6 percent to CNY 324.50 ($51.56) per gram after holding steady. The price of Indian gold bullion declined 1.4 percent to INR 28,540 ($537) per 10 grams. US gold bullion closed one percent lower at $1,586 per ounce.

Japanese silver took a large hit on on Wednesday, sliding down three percent before landing at JPY 743.00 ($9.30) per 10 grams. For the seventh day in a row, the price of Chinese silver fell and is currently at CNY 6,220 ($988) per kilogram. Indian silver finished the day down 1.7 percent to INR 53,304 ($1,003) per kilogram. US silver has been on the decline for seven days and is now at $28.91 per ounce.

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