Indian Silver Price Rises After Two-Day Drop

The price of Indian silver closed up June 19, 2012 at INR 54,890 ($980) per kilogram, halting two days of weakening prices with a one percent shift. At $28.76, the price of US silver finished the market day up 0.7 percent per ounce. The price of Chinese silver rose 0.4 percent to CNY 6,050 ($951) per kilogram after a two-day drop. The price of Japanese silver flattened at JPY 723.00 ($9.15) following two-days of declines.

Indian gold bullion gained 0.5 percent to finish at INR 30,251 ($540) per 10 grams. After a 0.2 percent increase, Japanese gold bullion finished the day at JPY 4,137 ($52) per gram. Chinese gold bullion prices inched up 0.2 percent to CNY 333.00 ($52.37) per gram. The price of US gold bullion remained essentially flat at $1,543 per ounce.

So what did the platinum and palladium price trends look like?

The price of Japanese platinum bar closed at JPY 3,778 ($47) per gram. Following a couple days of improvement, the metal’s price weakened by 0.8 percent. The price of Chinese platinum bar closed at CNY 324.50 ($51.03) per gram. Following a couple days of improvement, prices fell by 0.8 percent. US platinum bar held its value yesterday at $1,481 per ounce.

At JPY 1,614 ($20) per gram, Japanese palladium bar fell 0.6 percent on Tuesday. The price of US palladium bar showed little movement yesterday at $629.00 per ounce. The price of Chinese palladium bar held steady at CNY 153.00 ($24.06) per gram.