Daily Precious Metals Roundup: US Silver Rises 3.7%

US silver saw the biggest upwards shift for the day, rising 3.7 percent to close at $28.29 per ounce on May 24, 2012. Indian silver prices inched up 0.1 percent to INR 53,500 ($955) per kilogram. Japanese silver prices rose 0.1 percent to JPY 705.00 ($8.87) per 10 grams. The price of Chinese silver flattened at CNY 5,880 ($928) following two-days of declines.

Gold prices kept rather steady on May 24…

After falling for two days, the price of Japanese gold bullion rose 0.1 percent to JPY 3,983 ($50) per gram. After dropping for two days, the price of Chinese gold bullion flattened at CNY 319.20 ($50.43). Indian gold bullion saw little change in its price yesterday at INR 29,017 ($518) per 10 grams. After a couple of days of decreasing prices, the price of US gold bullion held steady at $1,543.

Chinese platinum bar finished the day down 1.1 percent to CNY 308.50 ($48.74) per gram. The price of US platinum bar is back up, rising by 0.6 percent on Thursday to close at $1,425 per ounce. At JPY 3,633 ($45) per gram, Japanese platinum bar fell 0.4 percent on Thursday.

Chinese palladium bar closed two percent lower at CNY 144.00 ($22.75) per gram. Japanese palladium bar ended the day at JPY 1,535 ($19) per gram, after the 0.9 percent drop yesterday. The price of US palladium bar steadied at $595.00 per ounce following two-days of dropping prices.

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