Chinese Silver Price Rises, Gold Up and Down

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Chinese silver saw a one percent increase in its price on July 17, 2012, reaching CNY 5,820 ($912) per kilogram and making it the biggest upwards shift of the day on global precious metals markets. US silver finished the day down 0.8 percent to $27.07 per ounce. Indian silver prices inched up 0.6 percent to INR 51,871 ($937) per kilogram. The price of Japanese silver nudged up 0.1 percent yesterday, closing at JPY 690.00 ($8.73) per 10 grams.

After two flat days, the price of Japanese gold bullion inched up 0.9 percent on Tuesday to JPY 4,048 ($51). US gold bullion prices saw a 0.7 percent decline to $1,580 per ounce. After a 0.4 percent increase, Chinese gold bullion finished the day at CNY 327.46 ($51.33) per gram. The price of Indian gold bullion increased 0.2 percent to INR 29,284 ($529) per 10 grams.

At CNY 311.50 ($48.83) per gram, Chinese platinum bar fell 0.6 percent on Tuesday. US platinum bar closed 0.4 percent lower at $1,410 per ounce. The price of Japanese platinum bar declined 0.3 percent to JPY 3,616 ($45) per gram.

Chinese palladium bar finished the day down 0.4 percent to CNY 141.00 ($22.10) per gram. After three straight days of no change, the price of Japanese palladium bar decreased by 0.2 percent to JPY 1,473 ($18) per gram. At $577.00 per ounce, the price of US palladium bar was essentially unchanged.

Comments (3)

  1. This just shows the strong economy of China.  It is indeed hard to predict the prices of gold.  Thanks a lot for sharing such vital news. Excellent post!

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