Chinese Palladium Bar Prices Shifts Upward

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Precious Metals

On June 15, 2012, Chinese palladium bar jumped up 2.7 percent, landing at CNY 153.00 ($24.18) per gram and making it the day’s biggest increase. Japanese palladium bar gained 2.1 percent to finish at JPY 1,629 ($20) per gram. US palladium bar prices rose 1.6 percent to $634.00 per ounce.

Chinese platinum bar saw its price rise 2.1 percent to CNY 325.30 ($51.41) per gram. US platinum bar prices inched up 0.9 percent to $1,492 per ounce. Japanese platinum bar finished the day up 0.3 percent to JPY 3,784 ($47) per gram.

Silver and gold fared relatively well also.

At CNY 333.30 ($52.68), the price of Chinese gold bullion finished the market day up 0.5 percent per gram. The price of Japanese gold bullion closed at JPY 4,116 ($51) per gram. Following a couple days of improvement, the metal’s price weakened by 0.4 percent. For the seventh day in a row, the price of Indian gold bullion rose and is currently at INR 30,097 ($539) per 10 grams. The price of US gold bullion remained essentially flat at $1,543 per ounce.

The price of Japanese silver closed at JPY 726.00 ($9.16) per 10 grams. Following a couple days of improvement, prices fell by 1.4 percent. After a 0.8 percent increase, US silver finished the day at $28.70 per ounce. At INR 54,494 ($976) per kilogram, Indian silver fell 0.5 percent last Friday. Chinese silver prices saw a 0.3 percent decline to CNY 6,050 ($956) per kilogram.

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