US Platinum Bar Rises 0.9%

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With a 0.9 percent increase on Dec. 11, 2012, US platinum bar was the biggest mover on the Global Precious Metals MMI®. Japanese platinum bar finished the day up 0.3 percent to JPY 4,307 ($52.30) per gram. Chinese platinum bar prices rose 0.3 percent to CNY 345.50 ($55.36) per gram.

Following two days of rising prices, the price of Chinese palladium bar dropped 0.3 percent to CNY 165.50 ($26.52) per gram. After a couple of days of improving prices, the price of Japanese palladium bar held steady at JPY 1,859 ($22.57). The price of US palladium bar flattened at $697.00 after two days of improvement.

The price of US gold bullion increased 0.5 percent to $1,713 per ounce. After improving for two days, the price of Indian gold bullion declined 0.4 percent to INR 31,042 ($569.53) per 10 grams. Chinese gold bullion gained 0.2 percent to finish at CNY 342.85 ($54.93) per gram. The price of Japanese gold bullion ended a two-day climb, settling at JPY 4,526 ($54.96) per gram.

The price of Chinese silver closed at CNY 6,625 ($1,062) per kilogram. Following a couple days of improvement, prices fell by 0.9 percent. The price of Indian silver changed direction with a 0.8 percent drop. After two days of improving prices, the metal finished at INR 60,882 ($1,117) per kilogram. After a 0.5 percent increase, US silver finished the day at $33.27 per ounce. The price of Japanese silver closed at JPY 875.00 ($10.62) per 10 grams. Following a couple days of improvement, the metal’s price weakened by 0.2 percent.

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