On July 13, 2012, the day’s biggest mover on our daily global precious metal price index was the price of US silver, which saw a three percent increase to $27.49 per ounce.
This increase comes after the price fell for the two previous days.
The price of Indian silver rose 1.3 percent to INR 52,042 ($930) per kilogram after a two-day drop. The price of Chinese silver is back up, rising by 0.5 percent last Friday to close at CNY 5,750 ($902) per kilogram. Japanese silver saw little change in its price last Friday at JPY 689.00 ($8.68) per 10 grams.
Meanwhile US gold prices rose, but Asian prices fell.
After falling for two days, the price of US gold bullion rose 2.4 percent to $1,594 per ounce. After a couple of days of decreasing prices, the price of Chinese gold bullion held steady at CNY 323.20 ($50.71). For the ninth day in a row, the price of Japanese gold bullion fell and is currently at JPY 4,012 ($50) per gram. Following two days of downward movement, the price of Indian gold bullion held steady at INR 29,153 ($521) per 10 grams.
Following a 1.6 percent rise last Friday, the price of US platinum bar closed at $1,427 per ounce. At JPY 3,627 ($45) per gram, Japanese platinum bar fell 0.5 percent last Friday. The price of Chinese platinum bar fell 0.2 percent to CNY 310.50 ($48.72) per gram.
US palladium bar prices rose 1.4 percent to $581.00 per ounce. At JPY 1,476 ($18) per gram, the price of Japanese palladium bar was essentially unchanged. Chinese palladium bar stayed flat at around CNY 140.00 ($21.97) per gram.