Japanese Silver Price Declines Nearly 1% on Daily Precious Metals Index

Japanese silver saw a 0.9 percent drop on July 24, 2012, landing at JPY 677.00 ($8.65) per 10 grams and making it the biggest mover of the day.

US silver closed 0.4 percent lower at $26.94 per ounce. After three straight days of no change, the price of Chinese silver decreased by 0.3 percent to CNY 5,740 ($898) per kilogram. Indian silver stayed flat at around INR 51,767 ($924) per kilogram.

After a 0.4 percent increase, Japanese gold bullion finished the day at JPY 3,973 ($50) per gram. Indian gold bullion finished the day up 0.3 percent to INR 29,395 ($525) per 10 grams. At CNY 324.60 ($50.83) per gram, Chinese gold bullion fell 0.1 percent on Tuesday. After a couple of days of decreasing prices, the price of US gold bullion held steady at $1,576.

Japanese platinum bar prices rose 0.6 percent to JPY 3,519 ($44) per gram. Chinese platinum bar prices saw a 0.3 percent decline to CNY 307.00 ($48.07) per gram. The price of US platinum bar declined 0.1 percent to $1,389 per ounce.

Chinese palladium bar ended the day at CNY 139.00 ($21.77) per gram, after the 0.7 percent drop yesterday. The price of US palladium bar fell 0.7 percent to $562.00 per ounce. The price of Japanese palladium bar held steady at JPY 1,444 ($18) per gram.