Japanese Palladium Bar Price Drops

With a decline of 4.1 percent to JPY 1,425 ($18) per gram on August 3, 2012, Japanese palladium bar recorded the biggest price drift of the day. The price of Chinese palladium bar closed Friday at CNY 139.00 ($21.83) per gram, halting its two-day flat run with a 2.1 percent decline. Following a two-day drop, the price of US palladium bar increased by 0.7 percent to $577.00 per ounce.

Japanese platinum bar ended the day at JPY 3,496 ($44) per gram, after the 1.2 percent drop last Friday. Chinese platinum bar closed 0.9 percent lower at CNY 305.00 ($47.89) per gram. Following a 0.8 percent rise last Friday, the price of US platinum bar closed at $1,400 per ounce.

What happened to gold and silver?

Landing at INR 28,678 ($516) per 10 grams last Friday, Indian gold bullion prices fell 3.5 percent. The price of Japanese gold bullion declined 0.9 percent to JPY 4,009 ($51) per gram. Chinese gold bullion prices saw a 0.6 percent decline to CNY 327.09 ($51.36) per gram. After falling for two days, the price of US gold bullion rose 0.6 percent to $1,603 per ounce.

The price of US silver is back up, rising by 2.3 percent last Friday to close at $27.79 per ounce. Japanese silver finished the day down 1.7 percent to JPY 679.00 ($8.68) per 10 grams. At CNY 5,780 ($907) per kilogram, Chinese silver fell 0.7 percent last Friday. The price of Indian silver declined 0.5 percent to INR 52,387 ($944) per kilogram.

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