US Palladium Bar Price Jumps Up Significantly, Platinum Also Rises

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Closing at $606.00 per ounce on the Aug. 17, 2012, US palladium bar rose 4.3 percent to finish as the day’s biggest mover.

Japanese palladium bar prices inched up two percent to JPY 1,500 ($18) per gram. The price of Chinese palladium bar increased 1.4 percent to CNY 142.00 ($22.32) per gram.

The price of Japanese platinum bar climbed 3.9 percent to JPY 3,700 ($46) per gram. Finishing at $1,469 per ounce, US platinum bar made a large daily increase of 3.8 percent. Chinese platinum bar saw its price rise 0.2 percent to CNY 307.00 ($48.26) per gram.

How did gold and silver fare?

At JPY 4,128 ($51), the price of Japanese gold bullion finished the market day up 1.1 percent per gram. Chinese gold bullion prices rose 0.5 percent to CNY 331.35 ($52.09) per gram. Indian gold bullion gained 0.3 percent to finish at INR 29,970 ($538) per 10 grams. Following a two-day rise, the price of US gold bullion flattened at $1,615.

Japanese silver finished the day up 1.8 percent to JPY 716.00 ($9.01) per 10 grams. After a 0.8 percent increase, Indian silver finished the day at INR 53,659 ($964) per kilogram. Chinese silver prices rose 0.6 percent to CNY 5,910 ($929) per kilogram. Following a couple days of improvement, the price of US silver weakened by 0.4 percent. Prices closed at $28.09 per ounce.

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