Chinese Silver Price: What Went Up, Must Come Down

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The price of Chinese silver fell 0.9 percent on July 18, 2012 to CNY 5,765 ($904) per kilogram, making it the day’s biggest mover on our daily global precious metals index.

After falling for two days, the price of US silver rose 0.7 percent to $27.25 per ounce. At INR 51,651 ($938) per kilogram, Indian silver fell 0.4 percent on Wednesday. The price of Japanese silver remained steady at JPY 690.00 ($8.72) per 10 grams.

Meanwhile, gold prices experienced more weakness.

Japanese gold bullion closed 0.7 percent lower at JPY 4,021 ($50) per gram. Following a couple days of improvement, the price of Chinese gold bullion weakened by 0.7 percent. Prices closed at CNY 325.30 ($51.03) per gram.

The price of Indian gold bullion closed at INR 29,170 ($529) per 10 grams. Following a couple days of improvement, the metal’s price weakened by 0.4 percent. US gold bullion ended the day at $1,577 per ounce, after the 0.2 percent drop on Wednesday.

Daily PGM Prices

The price of Japanese platinum bar declined 0.5 percent to JPY 3,597 ($45) per gram. The price of Chinese platinum bar fell 0.5 percent to CNY 310.00 ($48.63) per gram. US platinum bar closed 0.4 percent lower at $1,405 per ounce.

US palladium bar prices saw a 0.2 percent decline to $576.00 per ounce. Japanese palladium bar ended the day at JPY 1,471 ($18) per gram, after the 0.1 percent drop on Wednesday. The price of Chinese palladium bar showed little movement on Wednesday at CNY 141.00 ($22.12) per gram.

Comment (1)

  1. Indeed metal prices are very unpredictable. Thanks a lot for the news. 

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