Indian Silver Increases 3.8%

Closing at INR 55,345 ($1,027) per kilogram on May 10, 2012, Indian silver rose 0.7 percent to finish as the day’s biggest mover on precious metals markets. US silver prices inched up 1.2 percent to $29.27 per ounce. Chinese silver closed 0.5 percent lower at CNY 6,190 ($980) per kilogram. Japanese silver stayed flat at around JPY 743.00 ($9.34) per 10 grams.

Indian gold bullion saw its price rise 2.6 percent to INR 29,281 ($543) per 10 grams. After a 0.2 percent increase, US gold bullion finished the day at $1,589 per ounce. The price of Chinese gold bullion showed little movement on Thursday at CNY 324.60 ($51.43) per gram. At JPY 4,094 ($51) per gram, the price of Japanese gold bullion was essentially unchanged.

PGM Price Update

The price of Chinese palladium bar fell 1.3 percent to CNY 150.00 ($23.77) per gram. US palladium bar ended the day at $612.00 per ounce, after the 0.3 percent drop yesterday. Japanese palladium bar saw little change in its price on Thursday at JPY 1,581 ($19) per gram.

At $1,495 per ounce, US platinum bar fell 0.4 percent yesterday. The price of Chinese platinum bar declined 0.3 percent to CNY 325.00 ($51.50) per gram. The price of Japanese platinum bar held steady at JPY 3,859 ($48) per gram.

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