Chinese Platinum Bar Increases 8.0%

With an 8.0 percent increase on Feb. 6, 2013, Chinese platinum bar was the biggest mover on the Global Precious Metals MMI®. After a 2.7 percent increase, Japanese platinum bar finished the day at JPY 5,164 ($55.18) per gram. US platinum bar prices rose 0.7 percent to $1,707 per ounce.

At $764.00, the price of US palladium bar finished the market day up 1.2 percent per ounce. Chinese palladium bar gained 1.1 percent to finish at CNY 184.00 ($29.54) per gram. Japanese palladium bar saw its price rise 1.0 percent to JPY 2,241 ($23.95) per gram.

The price of Japanese gold bullion increased 1.3 percent to JPY 5,049 ($53.95) per gram. The price of Indian gold bullion closed at INR 30,302 ($570.23) per 10 grams. Following a couple days of improvement, prices fell by 0.3 percent. At $1,673 per ounce, the price of US gold bullion was essentially unchanged. The price of Chinese gold bullion held steady at CNY 336.81 ($54.07) per gram.

Japanese silver prices inched up 1.4 percent to JPY 930.00 ($9.94) per 10 grams. The price of Indian silver declined 0.6 percent to INR 57,668 ($1,085) per kilogram, after two days of improvement. US silver finished the day up 0.2 percent to $31.82 per ounce. The price of Chinese silver steadied at CNY 6,400 ($1,027) per kilogram following two-days of increases.

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