Japanese, Chinese Palladium Bar Prices Jump Considerably

On Aug. 24, 2012, the day’s biggest mover on our global precious metals price index was Japanese palladium bar, which saw a 5.2 percent increase to JPY 1,650 ($20.99) per gram. One of the day’s biggest changes moved Chinese palladium bar ahead by 3.3 percent percent, landing at CNY 158.00 ($24.86) per gram. Following two days of rising prices, the price of US palladium bar dropped 0.5 percent to $648.00 per ounce.

The price of Japanese platinum bar closed at JPY 3,881 ($49.38) per gram. Following a couple days of improvement, prices fell by 1.2 percent. Weakening prices followed two days of improvement as the price of US platinum bar dropped 0.9 percent to $1,540 per ounce. The price of Chinese platinum bar steadied at CNY 322.00 ($50.67) per gram following two-days of increases.

Indian gold bullion gained 0.7 percent to finish at INR 30,716 ($555.90) per 10 grams. After a 0.3 percent increase, Japanese gold bullion finished the day at JPY 4,207 ($53.52) per gram. The price of US gold bullion declined 0.2 percent to $1,669 per ounce. The price of Chinese gold bullion has been on the rise for 8 days and is now at CNY 340.90 ($53.64) per gram.

Japanese silver saw its price rise 2.0 percent to JPY 765.00 ($9.73) per 10 grams. The price of Chinese silver increased 1.2 percent to CNY 6,345 ($998.42) per kilogram. Following a two-day rise, the price of US silver flattened at $30.65. After a couple of days of improving prices, the price of Indian silver held steady at INR 56,528 ($1,023).

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