Chinese Platinum Bar Price Changes Direction

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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.

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