Japanese Palladium Bar Price Drops Nearly 2%, Silver Prices Down

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With a decline of 1.8 percent to JPY 1,454 ($18) per gram on Aug. 14, 2012, Japanese palladium bar recorded the biggest price drift of the day. Following a 0.3 percent rise yesterday, the price of US palladium bar closed at $577.00 per ounce. Chinese palladium bar stayed flat at around CNY 141.00 ($22.14) per gram.

The price of US platinum bar is back up, rising by 0.5 percent yesterday to close at $1,396 per ounce. The price of Japanese platinum bar flattened at JPY 3,526 ($45) following two-days of declines. The price of Chinese platinum bar held steady at CNY 306.50 ($48.13) per gram.

The price of US gold bullion declined one percent to $1,600 per ounce. Chinese gold bullion ended the day at CNY 330.79 ($51.94) per gram, after the 0.5 percent drop yesterday. Indian gold bullion closed 0.2 percent lower at INR 29,941 ($539) per 10 grams. The price of Japanese gold bullion showed little movement yesterday at JPY 4,077 ($52) per gram.

At JPY 698.00 ($8.92) per 10 grams, Japanese silver fell one percent yesterday. US silver prices saw a 0.4 percent decline to $27.81 per ounce. At CNY 5,890 ($924) per kilogram, Chinese silver fell 0.3 percent yesterday. Indian silver prices saw a 0.2 percent decline to INR 53,115 ($957) per kilogram.

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