US Silver Price Sees Another Decline

The day’s biggest mover on MetalMiner’s daily precious metals price index was US silver, dropping two percent to settle at $27.58 per ounce on June 21, 2012. Chinese silver prices saw a 1.5 percent decline to CNY 5,910 ($929) per kilogram. The price of Indian silver declined 0.9 percent to INR 53,893 ($959) per kilogram. At JPY 709.00 ($8.99) per 10 grams, Japanese silver fell 0.7 percent yesterday.

Chinese gold bullion finished the day down one percent to CNY 328.45 ($51.64) per gram. At JPY 4,098 ($51) per gram, Japanese gold bullion fell 0.2 percent yesterday. Indian gold bullion stayed flat at around INR 30,094 ($535) per 10 grams. The price of US gold bullion saw little movement at $1,543 per ounce.

The price of Chinese platinum bar fell 1.7 percent to CNY 318.00 ($49.99) per gram. Japanese platinum bar prices saw a 0.8 percent decline to JPY 3,736 ($47) per gram. US platinum bar closed 0.3 percent lower at $1,451 per ounce.

Japanese palladium bar ended the day at JPY 1,579 ($20) per gram, after the 1.5 percent drop yesterday. The price of Chinese palladium bar declined 0.7 percent to CNY 151.00 ($23.74) per gram. At $613.00 per ounce, US palladium bar fell 0.5 percent on Thursday.