US Silver Price Increases 4%, Gold Up Too

On Aug. 21, 2012, the day’s biggest mover was US silver, which saw a four percent increase to $29.37 per ounce. Indian silver prices inched up two percent to INR 54,550 ($981) per kilogram. Chinese silver prices rose 1.8 percent to CNY 6,005 ($944) per kilogram. The price of Japanese silver held steady at JPY 716.00 ($9.04) per 10 grams.

US gold bullion prices inched up 1.3 percent to $1,639 per ounce. At INR 30,030 ($540), the price of Indian gold bullion finished the market day up 0.3 percent per 10 grams. The price of Chinese gold bullion steadied at CNY 332.10 ($52.24) per gram following two-days of increases. The price of Japanese gold bullion flattened at JPY 4,137 ($52) after two days of improvement.

What about platinum and palladium?

After a 1.5 percent increase, US platinum bar finished the day at $1,505 per ounce. Chinese platinum bar gained 1.4 percent to finish at CNY 317.00 ($49.87) per gram. After a couple of days of improving prices, the price of Japanese platinum bar held steady at JPY 3,772 ($47).

Chinese palladium bar rose 3.5 percent to CNY 147.00 ($23.12) per gram. US palladium bar saw its price rise 2.1 percent to $618.00 per ounce. The price of Japanese palladium bar ended a two-day climb, settling at JPY 1,557 ($19) per gram.