Chinese Silver Price Keeps Improving

On Sept. 10, 2012, the day’s biggest mover was Chinese silver, which saw a 4.6 percent increase to CNY 7,065 ($1,115) per kilogram. Indian silver rose 4.1 percent to INR 62,050 ($1,119) per kilogram. For the ninth day in a row, the price of Japanese silver rose and is currently at JPY 846.00 ($10.81) per 10 grams. Following a couple days of improvement, the price of US silver weakened by 1 percent. Prices closed at $33.34 per ounce.

Chinese gold bullion gained 2.6 percent to finish at CNY 354.40 ($55.91) per gram. At INR 31,962 ($576.46), the price of Indian gold bullion finished the market day up 2.2 percent per 10 grams. The price of Japanese gold bullion increased 1.6 percent to JPY 4,370 ($55.86) per gram. The price of US gold bullion changed direction with a 0.6 percent drop. After two days of improving prices, the metal finished at $1,725 per ounce.

Chinese platinum bar finished the day up 1.5 percent to CNY 335.00 ($52.85) per gram. Japanese platinum bar prices inched up 0.3 percent to JPY 4,030 ($51.51) per gram. The price of US platinum bar has been on the rise for 10 days and is now at $1,590 per ounce.

Japanese palladium bar saw its price rise 2.5 percent to JPY 1,659 ($21.20) per gram. US palladium bar prices rose 2.0 percent to $665.00 per ounce. At CNY 158.00 ($24.93), the price of Chinese palladium bar finished the market day up 1.9 percent per gram.

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