Small Improvement For Chinese Palladium on Precious Metals Markets

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On May 29, 2012, Chinese palladium bar jumped up 1.7 percent, landing at CNY 146.00 ($23.06) per gram and making it the day’s biggest increase on global precious metals markets. US palladium bar saw its price rise one percent to $608.00 per ounce. After a 0.9 percent increase, the price of Japanese palladium bar finished the day at JPY 1,548 ($19) per gram.

After a 0.3 percent increase, US platinum bar finished the day at $1,439 per ounce. The price of Chinese platinum bar increased 0.2 percent to CNY 312.00 ($49.28) per gram. After a couple of days of improving prices, the price of Japanese platinum bar held steady at JPY 3,676 ($46).

Gold and silver price changes were also in the black.

Indian gold bullion gained 0.4 percent to finish at INR 29,139 ($528) per 10 grams. Japanese gold bullion stayed flat at around JPY 4,034 ($50) per gram. The price of US gold bullion remained steady at $1,543 per ounce. The price of Chinese gold bullion held steady at CNY 323.10 ($51.03) per gram.

US silver finished the day up 0.4 percent to $28.55 per ounce. The price of Chinese silver closed at CNY 5,975 ($943) per kilogram. Following a couple days of improvement, prices fell by 0.3 percent. At INR 53,950 ($977) per kilogram, the price of Indian silver was essentially unchanged. The price of Japanese silver flattened at JPY 727.00 ($9.16) after two days of improvement.

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