Chinese Platinum Bar Price Changes Direction

Following two days of increases on MetalMiner’s precious metals price index, the price of Chinese platinum bar dropped by 2.8 percent to end at CNY 346.00 ($54.74) per gram on Sept. 18, 2012. The price of US platinum bar closed at $1,663 per ounce. Following a couple days of improvement, prices fell by 2.5 percent. Japanese platinum bar closed 1.7 percent lower at JPY 4,195 ($53.32) per gram.

The price of US palladium bar changed direction with a 2.4 percent drop. After two days of improving prices, the metal finished at $678.00 per ounce. The price of Chinese palladium bar closed at CNY 166.00 ($26.26) per gram. Following a couple days of improvement, the metal’s price weakened by 0.6 percent. The price of Japanese palladium bar fell 0.5 percent to JPY 1,693 ($21.52) per gram.

At CNY 357.73 ($56.59) per gram, Chinese gold bullion fell 0.9 percent yesterday. The price of US gold bullion declined 0.5 percent to $1,762 per ounce, after two days of improvement. Indian gold bullion ended the day at INR 31,710 ($587.06) per 10 grams, after the 0.4 percent drop on Tuesday. At JPY 4,436 ($56.38), the price of Japanese gold bullion finished the market day up 0.2 percent per gram.

Chinese silver finished the day down 1.6 percent to CNY 7,125 ($1,127) per kilogram. US silver prices saw a 1.2 percent decline to $34.25 per ounce. The price of Japanese silver declined 1.2 percent to JPY 853.00 ($10.84) per 10 grams. Indian silver finished the day down 0.8 percent to INR 61,605 ($1,141) per kilogram.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top