Decreasing 1.9 percent made US silver the biggest mover of the day on precious metals markets, finishing at $28.33 per ounce on May 14, 2012. Chinese silver closed 0.7 percent lower at CNY 6,080 ($963) per kilogram. At JPY 738.00 ($9.23), the price of Japanese silver finished the market day up 0.3 percent per 10 grams. The price of Indian silver remained essentially flat at INR 52,859 ($985) per kilogram.
At $1,557 per ounce, US gold bullion fell 1.5 percent yesterday. Indian gold bullion finished the day down 0.5 percent to INR 28,224 ($526) per 10 grams. After holding steady for the past few days, the price of Chinese gold bullion fell 0.3 percent, closing at CNY 323.70 ($51.30) per gram. Japanese gold bullion saw little change in its price on Monday at JPY 4,062 ($50) per gram.
And the PGMs?
Platinum and palladium continued their recent decline. The price of US platinum bar fell 1.3 percent to $1,442 per ounce. The price of Japanese platinum bar declined 0.6 percent to JPY 3,764 ($47) per gram. Chinese platinum bar prices saw a 0.5 percent decline to CNY 318.50 ($50.47) per gram.
Chinese palladium bar ended the day at CNY 147.00 ($23.30) per gram, after the 1.3 percent drop on Monday. Japanese palladium bar finished the day down 1.3 percent to JPY 1,552 ($19) per gram. The price of US palladium bar declined 0.7 percent to $595.00 per ounce.