US Palladium Bar Price Down 1.5% on Daily Precious Metals Index

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On July 20, 2012, the day’s biggest mover was US palladium bar, which saw a 1.5 percent decline to $574.00 per ounce. After falling for two days, the price of Japanese palladium bar rose 0.7 percent to JPY 1,470 ($18) per gram. Chinese palladium bar prices inched up 0.4 percent to CNY 140.50 ($22.04) per gram.

US platinum bar finished the day down 0.7 percent to $1,407 per ounce. The price of Japanese platinum bar is back up, rising by 0.4 percent last Friday to close at JPY 3,577 ($45) per gram. Following a two-day drop, the price of Chinese platinum bar increased by 0.2 percent to CNY 309.50 ($48.56) per gram.

The price of US gold bullion fell 0.3 percent to $1,581 per ounce. The price of Chinese gold bullion rose 0.2 percent to CNY 325.20 ($51.02) per gram after a two-day drop. The price of Japanese gold bullion steadied at JPY 4,001 ($50) per gram following two-days of dropping prices. The price of Indian gold bullion remained steady at INR 29,147 ($529) per 10 grams.

The price of Japanese silver dropped by one percent to JPY 683.00 ($8.70) per 10 grams after holding steady. Indian silver finished the day down 0.8 percent to INR 51,523 ($936) per kilogram. Following a couple days of improvement, the price of US silver weakened by 0.7 percent. Prices closed at $27.22 per ounce. Chinese silver saw little change in its price last Friday at CNY 5,765 ($904) per kilogram.

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