Daily Precious Metals Roundup: Silver Prices Up Again

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Chinese silver saw the biggest upwards shift for the day on global precious metals markets, rising 1.7 percent to close at CNY 6,000 ($948) per kilogram on May 21, 2012.

Japanese silver prices rose 1.5 percent to JPY 722.00 ($9.10) per 10 grams. US silver prices saw a 1.1 percent decline to $28.35 per ounce, while Indian silver gained 0.8 percent to finish at INR 53,656 ($985) per kilogram.

Gold prices, meanwhile, increased again as well.

Japanese gold bullion prices inched up 1.6 percent to JPY 4,077 ($51) per gram. At CNY 325.97 ($51.53), the price of Chinese gold bullion finished the market day up 1.2 percent per gram. The price of Indian gold bullion increased 0.7 percent to INR 29,012 ($532) per 10 grams. The price of US gold bullion flattened at $1,592 after two days of improvement.

Chinese platinum bar saw its price rise 1.1 percent to CNY 317.50 ($50.19) per gram. After a 1.1 percent increase, Japanese platinum bar finished the day at JPY 3,737 ($47) per gram. US platinum bar prices rose 0.6 percent to $1,461 per ounce.

US palladium bar prices inched up 1.5 percent to $613.00 per ounce. At JPY 1,547 ($19), the price of Japanese palladium bar finished the market day up 0.3 percent per gram. The price of Chinese palladium bar remained steady at CNY 146.50 ($23.16) per gram.

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