Japanese Silver Price Gaining Again

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Following a two-day flat streak, the price of Japanese silver climbed by 3.9 percent to end at JPY 744 ($9.39) per 10 grams on Aug. 22, 2012. At CNY 6,105 ($960.35), the price of Chinese silver finished the market day up 1.7 percent per kilogram. Indian Silver prices rose 1.5 percent to INR 55,350 ($995.95) per kilogram. US Silver saw its price rise 0.5 percent to $29.51 per ounce.

As for gold and the PGMs?

Japanese gold bullion gained 1.1 percent to finish at JPY 4,182 ($52.78) per gram. The price of Chinese gold bullion has been on the rise for 7 days and is now at CNY 335.55 ($52.78) per gram. After a 0.8 percent increase, Indian gold bullion finished the day at INR 30,271 ($544.69) per 10 grams. For the 7th day in a row, the price of US gold bullion rose and is currently at $1,641 per ounce.

Japanese platinum bar prices inched up 2.4 percent to JPY 3,864 ($48.76) per gram. Chinese platinum bar finished the day up one percent to CNY 320 ($50.34) per gram. The price of US platinum bar has been on the rise for 7 days and is now at $1,515 per ounce.

The price of Chinese palladium bar increased 2.7 percent to CNY 151 ($23.75) per gram. US palladium bar finished the day up 1.8 percent to $629 per ounce. The price of Japanese palladium bar remained essentially flat at JPY 1,557 ($19.65) per gram.

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