US Silver Price Moves Down, Platinum, Palladium Fall Too

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US silver saw the biggest price shift of the day, dropping 2.2 percent to close at $28.14 per ounce on June 20, 2012. Japanese silver finished the day down 1.2 percent to JPY 714.00 ($9.05) per 10 grams. The price of Indian silver declined one percent to INR 54,359 ($971) per kilogram. Chinese silver closed 0.8 percent lower at CNY 6,000 ($944) per kilogram.

Following two days of rising prices, the price of Japanese gold bullion dropped 0.7 percent to JPY 4,106 ($52) per gram. Indian gold bullion ended the day at INR 30,079 ($537) per 10 grams, after the 0.6 percent drop yesterday. Chinese gold bullion prices saw a 0.3 percent decline to CNY 331.86 ($52.21) per gram. For the fifth day in a row, the price of US gold bullion remained essentially flat at $1,543 per ounce.

How far did prices of platinum and palladium fall?

The price of US platinum bar fell 1.8 percent to $1,455 per ounce. Chinese platinum bar ended the day at CNY 323.50 ($50.90) per gram, after the 0.3 percent drop yesterday. Japanese platinum bar closed 0.3 percent lower at JPY 3,767 ($47) per gram.

The price of US palladium bar fell 2.1 percent to $616.00 per ounce. Japanese palladium bar finished the day down 0.7 percent to JPY 1,603 ($20) per gram. Wednesday saw the price of Chinese palladium bar drift down 0.7 percent to CNY 152.00 ($23.92) per gram after a couple of stagnant days.

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