Chinese Palladium Bar Price Falls 2.5%

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On Aug. 29, 2012, the day’s biggest mover on MetalMiner’s precious metals price index was the price of Chinese palladium bar, which saw a 2.5 percent decline to CNY 154.00 ($24.24) per gram. US palladium bar finished the day down 1.3 percent to $630.00 per ounce. Japanese palladium bar stayed flat at around JPY 1,632 ($20.73) per gram.

Chinese platinum bar prices saw a 0.6 percent decline to CNY 318.00 ($50.06) per gram. The price of US platinum bar fell 0.2 percent to $1,513 per ounce. The price of Japanese platinum bar remained essentially flat at JPY 3,893 ($49.44) per gram.

The price of US gold bullion declined 0.6 percent to $1,656 per ounce. Chinese gold bullion gained 0.3 percent to finish at CNY 341.25 ($53.72) per gram. After a 0.2 percent increase, Indian gold bullion finished the day at INR 30,809 ($553.82) per 10 grams. Japanese gold bullion held its value yesterday at JPY 4,198 ($53.32) per gram.

Following two days of rising prices, the price of US silver dropped 0.6 percent to $30.73 per ounce. Indian silver ended the day at INR 57,272 ($1,030) per kilogram, after the 0.2 percent drop yesterday. The price of Chinese silver remained steady at CNY 6,415 ($1,010) per kilogram. At JPY 771.00 ($9.79) per 10 grams, the price of Japanese silver was essentially unchanged.

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