Daily Precious Metals Roundup: Chinese Gold Bullion Price Rises

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With a four percent increase on June 4, 2012, Chinese gold bullion was the biggest mover on global precious metals markets. Ending at JPY 4,085 ($52) per gram by a 3.9 percent shift, Japanese gold bullion made one of the day’s biggest improvements. The price of Indian gold bullion climbed three percent to INR 29,890 ($537) per 10 grams. The price of US gold bullion continues hovering around $1,543 per ounce for the fifth day in a row.

Chinese silver prices rose 2.1 percent to CNY 5,960 ($935) per kilogram. Indian silver saw its price rise two percent to INR 53,842 ($968) per kilogram. The price of Japanese silver is back up, rising by 1.7 percent on Monday to close at JPY 707.00 ($9.05) per 10 grams. After a 0.5 percent increase, US silver finished the day at $28.68 per ounce.

On the other side of the precious metal coin, what did the PGM markets do?

Chinese platinum bar gained 2.6 percent to finish at CNY 314.40 ($49.36) per gram. Following a 1.8 percent rise yesterday, the price of Japanese platinum bar closed at JPY 3,591 ($45) per gram. US platinum bar finished the day up 0.7 percent to $1,443 per ounce.

After a 0.7 percent increase, the price of Chinese palladium bar finished the day at CNY 147.00 ($23.08) per gram. At $612.00, the price of US palladium bar finished the market day up 0.7 percent per ounce. Following a quiet couple of days, the price of Japanese palladium bar fell 0.3 percent yesterday to JPY 1,532 ($19) per gram.

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