Chinese Platinum Bar Price Drops 2.1%

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The day’s biggest mover was Chinese platinum bar, dropping 2.1 percent to settle at CNY 320.00 ($50.35) per gram on Aug. 28, 2012. US platinum bar ended the day at $1,516 per ounce, after the 1.5 percent drop yesterday. The price of Japanese platinum bar fell 0.5 percent to JPY 3,893 ($49.55) per gram.

Following a couple days of improvement, the price of Japanese palladium bar weakened by 2.0 percent. Prices closed at JPY 1,632 ($20.77) per gram. US palladium bar prices saw a 1.4 percent decline to $638.00 per ounce. At CNY 158.00 ($24.86) per gram, the price of Chinese palladium bar was essentially unchanged. The price of Japanese gold bullion closed at JPY 4,198 ($53.43) per gram. Following a couple days of improvement, prices fell by 0.9 percent. The price of Chinese gold bullion changed direction with a 0.9 percent drop. After two days of improving prices, the metal finished at CNY 340.08 ($53.51) per gram. The price of Indian gold bullion closed at INR 30,737 ($552.15) per 10 grams. Following a couple days of improvement, the metal’s price weakened by 0.6 percent. After falling for two days, the price of US gold bullion rose 0.2 percent to $1,667 per ounce.

Following two days of rising prices, the price of Japanese silver dropped 1.8 percent to JPY 771.00 ($9.81) per 10 grams. After improving for two days, the price of Chinese silver declined 0.9 percent to CNY 6,415 ($1,009) per kilogram. The price of US silver increased 0.6 percent to $30.90 per ounce. The price of Indian silver declined 0.4 percent to INR 57,372 ($1,031) per kilogram.

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