US Palladium Bar Price Changes Direction

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The price of US palladium bar fell 1.8 percent on July 5, 2012 to $587.00 per ounce, making it the day’s biggest mover on our daily global precious metals price index.

Japanese palladium bar prices saw a 1.3 percent decline to JPY 1,529 ($19) per gram. Chinese palladium bar ended the day at CNY 144.00 ($22.69) per gram, after the one percent drop yesterday.

The price of US platinum bar closed at $1,471 per ounce. Following a couple days of improvement, prices fell by 0.9 percent. Weakening prices followed two days of improvement as the price of Japanese platinum bar dropped 0.5 percent to JPY 3,803 ($47) per gram. Following two days of rising prices, the price of Chinese platinum bar dropped 0.3 percent to CNY 323.00 ($50.88) per gram.

Gold and silver prices, meanwhile, were down in several markets.

Following a 0.9 percent rise yesterday, the price of Indian gold bullion closed at INR 29,668 ($544) per 10 grams. US gold bullion finished the day down 0.5 percent to $1,609 per ounce. After improving for two days, the price of Japanese gold bullion declined 0.2 percent to JPY 4,148 ($51) per gram. Following a two-day rise, the price of Chinese gold bullion flattened at CNY 331.20 ($52.18).

The price of US silver changed direction with a 1.8 percent drop. After two days of improving prices, the finished at $27.78 per ounce. At INR 53,166 ($975), the price of Indian silver finished the market day up 1.4 percent per kilogram. Following a couple days of improvement, the price of Japanese silver weakened by 0.4 percent. Prices closed at JPY 715.00 ($8.96) per 10 grams. Chinese silver finished the day up 0.3 percent to CNY 5,945 ($936) per kilogram.

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