Daily Precious Metals Roundup: 3% Price Change For US Silver

US silver saw a three percent increase on June 1, 2012, reaching $28.55 per ounce and making it the biggest upwards shift of the day. At INR 52,800 ($941) per kilogram, Indian silver fell 1.8 percent last Friday. The price of Japanese silver declined 1.1 percent to JPY 695.00 ($8.83) per 10 grams. Chinese silver closed 0.6 percent lower at CNY 5,840 ($917) per kilogram.

The price of Japanese gold bullion fell 0.9 percent to JPY 3,932 ($49) per gram. Indian gold bullion prices saw a 0.6 percent decline to INR 29,016 ($517) per 10 grams. Chinese gold bullion ended the day at CNY 319.90 ($50.23) per gram, after the 0.4 percent drop last Friday. The price of US gold bullion held steady at $1,543 per ounce.

At $1,433, the price of US platinum bar finished the market day up 2.5 percent per ounce. Japanese platinum bar finished the day down 0.8 percent to JPY 3,528 ($44) per gram. Following a two-day drop, the price of Chinese platinum bar increased by 0.2 percent to CNY 306.50 ($48.13) per gram.

US palladium bar saw its price rise one percent to $608.00 per ounce. The price of Japanese palladium bar remained steady at JPY 1,537 ($19) per gram. At CNY 146.00 ($22.93) per gram, the price of Chinese palladium bar was essentially unchanged.