Indian Gold Bullion Up 0.9%

The price of Indian gold bullion closed up Dec. 18, 2012 at INR 31,174 ($568.30) per 10 grams, halting two days of weakening prices with a 0.9 percent shift. Following a two-day drop, the price of Chinese gold bullion increased by 0.4 percent to CNY 341.37 ($54.69) per gram. US gold bullion gained 0.1 percent to finish at $1,698 per ounce. Japanese gold bullion stayed flat at around JPY 4,567 ($54.42) per gram.

After falling for two days, the price of Indian silver rose 0.9 percent to INR 60,588 ($1,105) per kilogram. At CNY 6,540 ($1,048), the price of Chinese silver finished the market day up 0.3 percent per kilogram. After dropping for two days, the price of US silver flattened at $32.28. The price of Japanese silver steadied at JPY 864.00 ($10.30) per 10 grams following two-days of dropping prices.

US platinum bar ended the day at $1,605 per ounce, after the 0.6 percent drop on Tuesday. Following a 0.1 percent rise on Tuesday, the price of Chinese platinum bar closed at CNY 343.50 ($55.03) per gram. At JPY 4,366 ($52.02) per gram, the price of Japanese platinum bar was essentially unchanged.

The price of US palladium bar fell 0.6 percent to $697.00 per ounce. The price of Japanese palladium bar held steady at JPY 1,788 ($21.31) per gram. The price of Chinese palladium bar ended a two-day climb, settling at CNY 165.50 ($26.52) per gram.

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