Japanese Palladium Bar Drops 3.1%

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Japanese palladium bar had the largest decline on Jan. 8, 2013, dropping 3.1 percent and landing at JPY 1,890 ($21.66) per gram. Chinese palladium bar closed 2.4 percent lower at CNY 163.50 ($26.24) per gram. US palladium bar prices saw a 2.2 percent decline to $668.00 per ounce.

Following a couple days of improvement, the price of Japanese platinum bar weakened by 0.7 percent. Prices closed at JPY 4,372 ($50.10) per gram. The price of Chinese platinum bar changed direction with a 0.4 percent drop. After two days of improving prices, the metal finished at CNY 332.50 ($53.36) per gram. The price of US platinum bar held steady at $1,549 per ounce.

Weakening prices followed two days of improvement as the price of Japanese gold bullion dropped 1.0 percent to JPY 4,638 ($53.15) per gram. Chinese gold bullion ended the day at CNY 331.40 ($53.19) per gram, after the 0.7 percent drop yesterday. US gold bullion finished the day down 0.6 percent to $1,647 per ounce. The price of Indian gold bullion fell 0.4 percent to INR 30,523 ($552.70) per 10 grams.

The price of Japanese silver declined 0.9 percent to JPY 847.00 ($9.71) per 10 grams, after two days of improvement. The price of Indian silver declined 0.4 percent to INR 57,154 ($1,035) per kilogram. US silver stayed flat at around $30.16 per ounce. The price of Chinese silver held steady at CNY 6,110 ($980.62) per kilogram.

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