US Silver Price Up After Two-Day Drop

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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.

Comments (3)

  1. buy gold says:

    That was indeed a great news that it rises. It is a very informative page indeed.  Thanks a lot for the share.

  2. buy gold says:

    That was indeed a great news that it rises. It is a very informative page indeed.  Thanks a lot for the share.

  3. buy gold says:

    That was indeed a great news that it rises. It is a very informative page indeed.  Thanks a lot for the share.

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