Japanese Silver Price Shifts Up 2.6% on Daily Index

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On Aug. 27, 2012, Japanese silver jumped up 2.6 percent, landing at JPY 785.00 ($9.97) per 10 grams and making it the day’s biggest increase on our precious metals price index. Chinese silver prices rose 2.0 percent to CNY 6,475 ($1,018) per kilogram. Indian silver saw its price rise 1.9 percent to INR 57,575 ($1,034) per kilogram. The price of US silver increased 0.2 percent to $30.72 per ounce.

At JPY 4,237 ($53.80), the price of Japanese gold bullion finished the market day up 0.7 percent per gram. Indian gold bullion prices inched up 0.7 percent to INR 30,922 ($555.30) per 10 grams. For the 11th day in a row, the price of Chinese gold bullion rose and is currently at CNY 343.02 ($53.95) per gram. US gold bullion prices saw a 0.3 percent decline to $1,664 per ounce.

Chinese platinum bar gained 1.6 percent to finish at CNY 327.00 ($51.43) per gram. After a 0.8 percent increase, Japanese platinum bar finished the day at JPY 3,912 ($49.67) per gram. US platinum bar stayed flat at around $1,539 per ounce.

Japanese palladium bar prices rose 0.9 percent to JPY 1,665 ($21.14) per gram. US palladium bar ended the day at $647.00 per ounce, after the 0.2 percent drop on Monday. After a couple of days of improving prices, the price of Chinese palladium bar held steady at CNY 158.00 ($24.85).

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