US Palladium Bar Price Still on the Decline Going Into Weekend

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Closing at $616.00 per ounce on Aug. 31, 2012, US palladium bar saw the biggest change on MetalMiner’s precious metals price index at a 2.2 percent. Japanese palladium bar ended the day at JPY 1,605 ($20.43) per gram, after the 1.7 percent drop yesterday. At CNY 153.00 ($24.08) per gram, Chinese palladium bar fell 0.6 percent on Thursday.

US platinum bar has been on the decline for 7 days and is now at $1,502 per ounce. Japanese platinum bar closed 0.2 percent lower at JPY 3,884 ($49.45) per gram. Following two days of downward movement, the price of Chinese platinum bar held steady at CNY 318.00 ($50.05) per gram.

Indian gold bullion finished the day down 0.5 percent to INR 30,654 ($550.98) per 10 grams. Chinese gold bullion prices saw a 0.5 percent decline to CNY 339.60 ($53.44) per gram. The price of US gold bullion remained steady at $1,655 per ounce. The price of Japanese gold bullion remained essentially flat at JPY 4,199 ($53.46) per gram.

The price of US silver declined 0.9 percent to $30.44 per ounce. The price of Chinese silver fell 0.5 percent to CNY 6,385 ($1,005) per kilogram. At JPY 769.00 ($9.79) per 10 grams, Japanese silver fell 0.3 percent on Thursday. Indian silver closed 0.2 percent lower at INR 57,155 ($1,027) per kilogram.

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