Daily Precious Metals Roundup: Japanese Palladium Rises

Closing at JPY 1,569 ($19) per gram on the May 22, 2012, Japanese palladium bar rose 1.4 percent to finish as the day’s biggest mover. Chinese palladium bar finished the day up 0.3 percent to CNY 147.00 ($23.25) per gram. Following two days of rising prices, the price of US palladium bar dropped 0.2 percent to $612.00 per ounce.

Japanese platinum bar prices rose 0.7 percent to JPY 3,762 ($47) per gram. US platinum bar finished the day down 0.2 percent to $1,458 per ounce. Weakening prices followed two days of improvement as the price of Chinese platinum bar dropped 0.2 percent to CNY 317.00 ($50.14) per gram.

The price of US gold bullion fell 0.6 percent to $1,582 per ounce. The price of Chinese gold bullion closed at CNY 324.90 ($51.39) per gram. Following a couple days of improvement, prices fell by 0.3 percent. Japanese gold bullion prices saw a 0.2 percent decline to JPY 4,069 ($51) per gram. The price of Indian gold bullion flattened at INR 29,033 ($528) after two days of improvement.

The price of Chinese silver closed at CNY 5,970 ($944) per kilogram. Following a couple days of improvement, the metal’s price weakened by 0.5 percent. At $28.39, the price of US silver finished the market day up 0.1 percent per ounce. Following a two-day rise, the price of Indian silver flattened at INR 53,628 ($975). After a couple of days of improving prices, the price of Japanese silver held steady at JPY 722.00 ($9.11).

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