Chinese Palladium Bar Price Moves Up Almost 2%

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Chinese palladium bar saw the biggest upwards shift on the day’s precious metal price index, rising 1.9 percent to close at CNY 161.00 ($25.40) per gram on Sept. 11, 2012.

Japanese palladium bar saw its price rise 0.7 percent to JPY 1,671 ($21.36) per gram. The price of US palladium bar ended a two-day climb, settling at $665.00 per ounce.

The price of Japanese platinum bar fell 0.2 percent to JPY 4,023 ($51.42) per gram. The price of Chinese platinum bar remained steady at CNY 335.00 ($52.85) per gram. For the 10th day in a row, the price of US platinum bar rose and is currently at $1,590 per ounce.

Meanwhile, gold prices finished mostly down.

Japanese gold bullion ended the day at JPY 4,349 ($55.59) per gram, after the 0.5 percent drop yesterday. At CNY 353.44 ($55.76) per gram, Chinese gold bullion fell 0.3 percent on Tuesday. Indian gold bullion finished the day down 0.1 percent to INR 31,929 ($575.87) per 10 grams. The price of US gold bullion showed little movement yesterday at $1,725 per ounce.

After improving for two days, the price of Japanese silver declined 0.9 percent to JPY 838.00 ($10.71) per 10 grams. Following a couple days of improvement, the price of Chinese silver weakened by 0.6 percent. Prices closed at CNY 7,020 ($1,107) per kilogram. Indian silver prices saw a 0.2 percent decline to INR 61,950 ($1,117) per kilogram. At $33.34 per ounce, the price of US silver was essentially unchanged.

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